At any point, an organization or industry can be doing exceedingly well or poorly. Most Managements will say that the challenge they face is managing costs across the supply chain. Many organizations have already taken steps to produce cost reduction benefits quickly, including renegotiations with suppliers. But the question arises: What hidden issues can organizations not see?…

The ASME Sec. VIII is an international code for designing pressure vessels. Because of its very safe and up-to-date safety requirements for building boilers and pressure vessels, the American Society of Mechanical Engineers (ASME) has practically universal approval in diverse sectors. Although the code is not necessary, it is a typical practice in the …

Risk, by definition, means unpredictability. The Covid-19 pandemic was a lesson in every way. It taught everyone about the importance of sound risk management and for those involved in the MRO – maintenance, repair, and operations process to take note of. 

Adding extra layers of protection to the existing risk management in place, especially for those in the supply chain on the MRO…

Master data governance is the application of data governance in order to improve the management of a subset of data called master data. Master data is the core data domains that you use to run a business or organization. For example, you might buy materials, from suppliers, to build products, that you sell to customers, and deliver those products with partners. Having accurate and consistent material, supplier, product, customer and partner data helps you improve…

Master Data governance solution goes beyond just making sure that your data is correct, it allows the business to improve its overall MRO data governance and makes sure that any data handling carried out is compliant with the regulations of governing bodies such as GDPR or HIPAA. Here are 10 ways that ensures successful data governance within the business.

1. Data compliance and classification…

mro solutions may sound very new as it is very trending. As a matter of fact, businesses have been outsourcing procurement support from a third party for decades together. With the passing times, more and more organizations are outsourcing their procurement function. The global procurement outsourcing market value has been on a constant rise with $2,820 million in 2018 and is expected…

Benefits of Asset Tracking Software

Asset management is the virtual replica of the workplace with a view to each department and critical areas of the business. This digital representation of all the physical object makes managing the assets much easier. This asset management software enables you to identify, locate and monitor the assets like its tools, equipment and the employees.…

So you are planning to get a new HVAC system for your home? Just like all new projects, this too demands some prior considerations. In this case, a few steps need to be taken before you arrive at the final decision. There are more options in the market now than one cares to count. So it’s important to examine all the options and pick one selectively out of the available ones. The aim is to make sure that the one you pick delivers high performance and is…

master data management services or MDM basically works as a process involving the creation of uniform data set comprising of informationcollected from several sources like suppliers, customers, the various types of mechanical product design services as well as other associated commercial entities. It is regarded as one of the most vital aspects ofdata…

Data governance is a process that deals with data systems and organizational structuresmeant for defining the whole data lifecycle. Its role is to work with methods, processes, terms, concepts, policies and metrics associated with supplier master data management. When proper data governance techniques are put in place, they can help in storing,…

Procurement outsourcing is currently deemed as one of the most essential strategies that are adopted by a business entity as it helps in better handling of resources and boosting the business returns of the company. It involves hiring an external consultant capable of delivering procurement supportand dealing with supplier management and requisition as well as other tasks. The procurement team can work with different types of items like IT systems, telecom…