The Thomas Blog

Procurement

4 Lean Procurement Strategies For Small And Mid-Sized Businesses

Many small- and mid-sized businesses (SMBs) don't have dedicated procurement teams in place. In fact, thanks to limited resources and tight budgets, sourcing responsibilities often fall on the shoulders of one or two individuals — many of whom juggle responsibilities other than procurement. As a result, monitoring existing contracts and sourcing best-in-class agreements can be a tremendous challenge for these SMBs.  

So how can SMBs optimize their procurement efforts despite the lack of resources? The key is to be Lean.

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Manufacturing and Industrial

5 Supply Chain Lessons We Can Learn From The Summer Games In Rio

More than 10,500 athletes from 200 countries will compete in front of the cameras at the Summer Games in Rio. But those numbers pale in comparison to what’s going on behind the scenes, where two warehouses spanning 105,000 square meters will store more than 30 million items. These items include 10,000 smartphones, 54 boats, 32,000 tennis balls, 250 golf carts and 70,000 tables. Making it all possible is a team of almost 7,000 employees and 70,000 volunteers who will handle everything from registering and recording the arrival of the goods to organizing their final delivery.

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