The manufacturing industry has seen many changes over the years. Today, industrial manufacturers face global as well as domestic competition. A company’s profit margin reflects management’s ability to control the top line costs, so executives still expect better-than-average results.

Because of this, procurement is expected to play a much larger role and bring value to the entire business enterprise. Therefore, in addition to an uninterrupted supply of needed raw materials, procurement is also expected to find products and services that provide the most value.

Strategic sourcing and the application of advanced supply chain management techniques enable companies to take advantage of opportunities, no matter where they exist. One such opportunity is the labor arbitrage that exists in the global economy.

ISM published a CAPS Research study titled, “Sourcing in Emerging Markets” in November of 2015. In its research, CAPS noted that “sourcing in emerging markets (also known as low-cost countries) is an activity that is no longer considered an exception, nor is it solely used to source only low strategic spend categories.”

There is a wide range of processes and tools available today to help you compete in your market. The offering ranges from cutting edge ERP applications, to strategic sourcing and supply chain management. We can help your company apply advanced procurement techniques and ‘best practices’ that gives you an edge and helps you achieve your business objectives.

Related Topics

Transforming Procurement Operations. Today, procurement is expected to bring value to the entire business enterprise.  Some organizations have difficulty migrating their legacy processes to more advanced procurement models.  For more on this topic, please follow this link.

Process Management. It is important to have ‘effective business processes’ in place. Otherwise it is very difficult to reach high performance levels. For more on this topic, please follow this link.

Organizational Structure and Performance. Top performing organizations require structure, culture and resources to produce high performance. Departments designed around four areas achieve high performance levels. For more on this topic, please follow this link.

Manufacturing and Supply Chain Services

We are Manufacturing and Supply Chain Services, MSCS, specializing in enterprise wide production and operations management programs. Our company’s proprietary processes and services promote organization, control and cost reduction boosting your company’s bottom line. How can we help you?

Learn more about MSCS’s procurement and supply chain programs.