Unexpected equipment failures can hit your bottom line hard. Downtime means lost production, expensive repairs and potential contractual penalties – a nightmare for any business.  Traditional maintenance methods with their fixed schedules and reactive repairs lead to unnecessary replacements and don’t prevent costly breakdowns. This is where predictive maintenance, machine learning and AI come in. 

For major international sporting events, such as the 2024 European Championships and the 2024 Olympics, the demand for sports jerseys is high. Athletes, fans and staff all need sports jerseys, which is why more are produced. Making sports jerseys is a complex process. Each sports jersey must meet specific requirements, above all to offer athletes optimal comfort and functionality. Football kits, in particular, are subject to strict guidelines, as football is one of the most popular sports worldwide. In this article, we will show you the process of manufacturing a football kit and shed light on ...

Guided buying helps you keep cost control during the procurement process and place orders in line with procurement guidelines. Read on to find out more about the services and software that can help ease the burden on procurement.

Being able to respond faster to the market than other organisations means agile procurement organisations can secure good prices and get the quantity of product they need. This results in optimized supplier management, procurement processes and risk management.  Read on to find out how agile procurement works and how artificial intelligence can help.

Rising food prices are a concern across the world. The price of wheat and flour, for example, has risen globally since the onset of the conflict in Ukraine, and bird flu outbreaks have impacted the price of eggs and chicken. Famine and water shortages in several regions have also increased food prices. Other factors include high energy prices, high fertilizer and feed prices, labour shortages and crop failures. The FAO Food Price Index, a measure of the monthly change in international prices of a basket of food commodities, shows that in April 2024 food prices rose marginally, following a ste ...

When making decisions about suppliers, buyers have to understand an increasingly complex network: whereas in the past only cost, quality and time were relevant, today other parameters are just as crucial: sustainability, resilience and innovation. Find out more here.

Indirect purchasing accounts for a significant share of the costs in most companies. Here you can find out what the challenges are in comparison to direct purchasing, and where there is potential for optimisation.

There’s a multitude of different careers available in the field of logistics, with a corresponding variation in salaries. Some jobs can be undertaken by unskilled staff, while others require a degree. Encouragingly, a quantitative study commissioned by Prologis in 2023 found that both full-time and part-time employees in the logistics sector are earning above the median average salary across other industries. Here’s an overview of the earning potential within the sector.

There’s a radical transformation currently underway in logistics. New technologies and the increasing pace of automation are poised to revolutionise the industry. Read on to find out which megatrends researchers are identifying, and how artificial intelligence is making rapid inroads into logistics.

The range of jobs in logistics is extremely broad: from professional drivers or warehouse workers to freight forwarding agents and supply chain managers, trained specialists in various areas are in demand. Here’s an overview.

The construction industry is an important part of the UK economy: it accounts for 7% of the country’s GDP, and in 2022 over two million people were employed in the sector. While the total number of construction workers in the UK is 2% less than at the start of the COVID-19 pandemic, construction vacancies are nearly double their pre-pandemic level.

Fraud management is the fine art of preventing and solving corporate crime, such as fraud and property crime. This topic is also relevant in purchasing: in some cases, excessively high prices are paid, or products are sold more cheaply under the pretext of alleged quality defects.

As a rule, purchasing and procurement need to be measured according to whether - and to what extent - reducing the purchasing prices in comparison to the previous periods, or at least keeping them stable, is successful. Here are five practical tips for reducing purchasing costs.