Is there really a difference between “procurement” and “purchasing?” After all, they’re both parts of the same process. They’re often used interchangeably. Some would even argue they have the same end goals.
The answer is yes: there is a difference. And every organisation needs to know what it is.
3D metal printing is reshaping how we feel about manufacturing with metal. As this innovation becomes more prominent in factories, it’s essential to acquire an application-centric understanding of the technology. Since metal is often used in powder form for 3D printing, it's often more expensive than comparable metals in their solid state for machining. However, minimal materials are needed, and much less material is wasted since 3D printing is an additive manufacturing process rather than a subtractive one like milling. Let's take a look at some of the industrial applications of 3D metal printing.
Every good business leader knows that a company is nothing without its employees. Your workers are the life’s blood of your business. For that reason, prioritising employee safety is, or should be job one. This is particularly true for workers in the manufacturing industry, where safety risks, unfortunately, abound. Despite the myriad of hazards inherent to manufacturing jobs, it is possible to mitigate the risks of work-related illness and injuries. This article describes strategies business leaders can use to protect workers in the manufacturing industry, regardless of their particular job function.
The transport industry is one of the biggest contributors to greenhouse gas emissions worldwide. Everything from delivery vans to long-haul trailers to air and sea freight adds to the daily CO2 emissions that adversely affect the environment. Fortunately, mindful business owners can set up their shipping companies and logistic networks to offset their carbon footprint and lower it through various effective strategies. The following tips can give you an idea of what to do.
Automation has made waves across industries for decades, and now it’s coming to supply chains. As self-driving technologies improve, the future of autonomous trucks draws nearer, raising questions about what it means for truckers. Heavily automated industries today, namely manufacturing, haven’t experienced the dramatic job losses many feared with the advent of robots. However, some disruption is inevitable, and as technology improves, its limits, even compared to humans, fade. As automation starts to seep further into the supply chain sector, it will certainly affect employment, but perhaps not in the way some people fear. Both now and in the long run, self-driving trucks could actually improve supply chain hiring.
Logistics and supply chain management is a key part of a company's business as they optimise supply chain processes to increase efficiency and save costs. Technology is affecting every aspect of business today, and this area is no exception. That's why it's crucial to keep an eye on changes throughout the supply chain, from sourcing materials and services to stock audits to the consumer. This specialisation has had a major positive impact on companies and businesses. This is mainly due to the contribution to process simplification through the use of tools and methods that allow problems to be identified quickly and solutions to be proposed.
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