Flevy
OCTOBER 23, 2023
The procurement function in most organizations deserves more attention than it gets. Most executives associated with procurement lack the competencies and perspectives required to identify gaps and effectively manage the function. Collaborate with suppliers, or rivals, to manufacture critical components cost-effectively.
Holden Advisors
OCTOBER 7, 2021
Let’s say you offer expedited delivery from raw materials to your manufacturing customers. That means quantifying the incremental profit dollars that drop to your customer’s bottom line because they’ve chosen your product over the alternative's. Let’s say procurement says, “to win this deal, you need to give me a 20% discount."
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Arpedio
FEBRUARY 20, 2024
It includes activities such as procurement, transportation, and inventory management. This may involve manufacturing, assembly, processing, or other production activities. These may include functions such as human resources management, technology development, procurement, and infrastructure.
Kainexus
MARCH 31, 2022
In the post-WW II era, Toyota realized that they could improve profitability and product quality by matching parts inventory with real-time demand to create a “just-in-time” production and provisioning process.
Arpedio
DECEMBER 20, 2023
Sales forecasting is a critical process that enables businesses to project future sales activity and streamline their business strategy for better results and profitability. Sales forecasting can aid in resource allocation, inventory management, and sales force planning, all leading to improved results and profitability.
Zendesk
FEBRUARY 23, 2022
Value chain analysis lets you pinpoint the costs and values of every aspect of your business so that you can put your best foot forward and increase your profit margin. In this article, we’ll take you through a full explanation of value chain analysis and how it can guide your company toward a more profitable future.
Apptivo
JUNE 6, 2022
Both ERP and CRM help increase an organization’s profitability. Where they differ is in their approach to increasing profitability. For instance, for the manufacturing industry, ERPs help with material procurement. How does ERP benefit companies? Supply chain management.
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