Which Procurement Method is Best? Centralized Purchasing vs. Decentralized Purchasing vs. Hybrid Models
By capitalizing on economies of scale and nurturing vendor relationships, businesses can secure top-notch products at the most competitive prices. Adapting procurement approaches to match organizational objectives and management strategies not only promotes innovation but also drives improvements in processes. But which procurement method is right for your business? Read our latest blog post to learn more about centralized, decentralized and hybrid procurement models, and the pros and cons to each, to help determine which method is best for your business.
Progress Over Perfection: Harnessing Existing Data in the Age of IIoT
The digital landscape is constantly changing, presenting both opportunities and challenges. While cutting-edge innovations like IIoT offer great potential, it is important to approach them with practicality. Teams need to find a balance between new technologies and legacy systems, bridge any skills gaps, and not let the pursuit of perfection hinder progress. By adopting this frame of mind, it is possible to leverage the power of often overlooked existing data to achieve operational excellence.
Leveraging Purchasing Cooperatives for Supply Chain Risk Mitigation
With supply chain disruptions becoming more and more frequent, companies need to look into proactive strategies to minimize risks. Joining a purchasing cooperative is an innovative solution to supply chain risk mitigation that can help organizations stay resilient amid instability. There are considerable advantages to becoming a member of a purchasing cooperative, including risk diversification and the opportunity to share insights. Learn more about these multifaceted benefits.
SDI In Action
Enhancing Facilities Operations and Maintenance
Facility maintenance technicians have long grappled with an inefficient process for completing work orders and acquiring parts. Countless hours are wasted in email correspondence, supplier visits, and part searches. This leads to delayed repairs, friction, and limited visibility into expenditure. Leveraging mobile technology, technicians and facility managers gain comprehensive visibility into work order status, delays, and expenses. Get the highlights from SDI Digital Supply Chain SVP, Ron Fijalkowski's recent tech talk.
SDI in Person
Come join SDI at some of the exciting industry events we will soon be attending. With so many interesting events, forums, conferences and tradeshows, you are sure to find one that interests you and your business. Hope to see you there!
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