Article Review: Procurement's Data Problem

 

Procurement’s data problem

Majority of respondents to SpendHQ survey say they don’t trust the data they have

By  · 

Comments

Post a Comment

Popular posts from this blog

Standardization in the Supply Chain - role of 3D software?

Image
  The key takeaway in this article from Supply Chain Brain is part standardization. Follow the link to read the whole article. I wholeheartedly agree that there is a lot of opportunity for improvement in many organizations. I don't necessarily agree that you need a 3D model to do that, however, the model might more easily support the export of the raw data needed to do the analysis. I remember that as an energetic youngster in supply chain 40 years ago that I asked our Configuration Management team to provide a data dump of the key dimensions for washers. From a review of ID, OD, thickness, and tolerances (for all three), it turned out we had lots of opportunity for standardization !! Depending on the designer, they used 2-digit decimals, 3-digit decimals, fractions, and drill sizes for ID and OD. Just this alone caused essentially the same item to have a different part number and different cost because each dimensioning method invoked different tolerances which then changed the p
Read more

FarStar and IXPA - global interim resource management

Image
Watch our latest video which gives an overview of FarStar's global reach to provide interim resources through our international alliance with IXPA. We can provide senior management with domain expertise combined with knowledge of local requirements. CHECK IT OUT! Follow this link to learn more about how we can help. http://www.farstarconsulting.com/
Read more