by Pratik Wanare | Jan 7, 2022 | Sales & Operations, Supply Chain
Contract manufacturing is a handy solution for companies that don’t have a full-service manufacturing and development team. It facilitates companies to outsource the manufacturing process to another manufacturer who is well equipped to handle it effectively. Apart...
by Pratik Wanare | Jan 6, 2022 | Sales & Operations, Supply Chain
Contract manufacturers are not just the supply chain vendors. The right contract manufacturer can provide insight and guidance to optimize the organization’s product design for manufacturing, end-user satisfaction, and sometimes even keep assembly projects on...
by Pratik Wanare | Jan 5, 2022 | Sales & Operations, Supply Chain
Contract Manufacturing is a business model in which a firm hires another firm to produce components, assemblies, or the final products. It is a form of outsourcing where a contract manufacturer enters into a business agreement with another company for manufacturing...
by Pratik Wanare | Jan 4, 2022 | Sales & Operations, Supply Chain
Strategic Sourcing boosts the performance of an organization by aligning business goals and requirements with the suppliers. It helps to increase the cost-effectiveness and productivity of a business. Below are some of the key advantages of strategic sourcing...
by Pratik Wanare | Jan 3, 2022 | Sales & Operations, Supply Chain
Procurement is transforming into a more strategic function. Organizations need to adopt efficient strategic sourcing skills and processes to maximize business performance. To better understand the Strategic Sourcing process, let us discuss some of the key factors...
by Pratik Wanare | Dec 31, 2021 | Sales & Operations, Supply Chain
Strategic sourcing is the process that identifies the spending profile of a business and its suppliers. It constantly re-evaluates and enhances business procurement activities. Strategic sourcing intends to achieve the lowest Total Cost of Ownership along with minimal...
