Industry 4.0 and its Impact on Manufacturing
What is Industry 4.0 and What Does it Mean for Manufacturing? The manufacturing industry is undergoing a significant transformation, and Industry 4.0 is at the forefront of this change. As the latest industrial revolution, Industry 4.0 is all about smart...
What is ‘Procurement Thinking’?
In our previous ‘Moving From Purchasing Thinking to Procurement Thinking’ series article, we answered the question, ‘What is procurement?’. We highlighted the key differences between the procurement and purchasing functions and how the act of...
What is ‘Procurement’ and How is it Different to ‘Purchasing’?
Most of us know what purchasing entails – both as individuals and in the business world. Procurement, on the other hand, is a different story. ‘Procurement’ is often seen as an unnecessarily complex way of saying ‘purchasing’. A better...