5 Effective Strategies Procurement Professionals in Manufacturing Need to Know

Being an essential aspect of any larger business, procurement comes with a number of responsibilities, complex tasks, and effective strategies. These include identification of buying needs, negotiation, vendor management, payment processing and the like.

When it comes to manufacturing, the right procurement processes can open doors to better cost management, risk reduction, stimulation of supplier innovation for higher competitive advantage, etc.

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Carl Ras – A customer case

Carl Ras is a Danish family owned wholesale business, which is one of the largest suppliers of tools and fittings for professionals, institutions and industry in Denmark. Carl Ras has 16 wholesale centers, and now comprises more than 350 dedicated employees.

Carl Ras wants to be the craftsmen preferred supplier. This requires their suppliers to deliver the right quantity at the right time every day.

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