Supply Chain Management

Supply Chain Disruption, Inflation, and a Chance for Procurement to Change

It was the worst of times, and then it got even worse. That’s the reality of the supply-chain disruptions during the past few years—rapidly evolving from a reliable supply and stable pricing to soaring inflation and never-ending disruptions of virtually every type. Somehow, our behavior surrounding disruption tends to be consistent. There’s a significant challenge,

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Sourcing Strategies

9 Bill of Materials Best Practices [And What Happens If You Don’t Follow Them]

Imagine you’re designing custom measurement systems and never expect to build two of the same system, only to be asked by a client a year later for another system just like the one you built previously. Sounds great, right? But what if the team never put together a Bill of Materials (BOM) for that original

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