Procurement: It’s All in the Pie
Ever noticed how your sourcing strategy is a lot like eating pie? 🍰 You think every slice matters equally—until you realize that one perfect, golden, flaky piece (aka your top 20%) holds 80% of the real flavour… and savings potential. The rest? Well, it’s still pie, but maybe not worth the extra calories (or cost).
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The Toyota Story: Turning Procurement into a Philosophy
In the early 1950s, Japan’s industries were struggling to recover from the post-war years. Toyota, then a small automaker, couldn’t afford to buy parts in bulk or keep large inventories like its American counterparts, Ford and GM. Their procurement team faced a brutal question: how could they keep production running with minimal inventory without stopping
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