Procurement is an essential function of any organization, and it involves the acquisition of goods and services from external sources. Procurement is a crucial process that involves making decisions on what to buy, how much to buy, and from whom to buy. Effective procurement involves careful analysis of various factors, including the financial health of potential suppliers. In this regard, the DuPont analysis provides an excellent tool for evaluating the financial performance of suppliers and making informed procurement decisions.

• Supply Chain, DuPont Analysis, Procurement

The manufacturing industry is one of the most important components of the supply chain. The quality of products, timely delivery, and customer satisfaction are directly related to the proper management of supplier relationships. Therefore, for manufacturing companies, collaborating with suppliers is crucial to the success of the business.

• Supply Chain, Collaboration, Manufacturing

Pricing strategies play a crucial role in the success of any business, and this is particularly true in the field of machining and manufacturing. In this article, we will explore the importance of market analysis and competitive factors in developing effective pricing strategies for the machining industry, as well as the role of digital transformation and software usage in this process. Market analysis is a key factor in determining appropriate pricing strategies for any industry, including machining. By conducting a thorough analysis of the market, businesses can identify their target customers, their needs and preferences, and the pricing strategies of their competitors. This information is critical in developing effective pricing strategies that can help businesses remain competitive and maximize profits.

• Price Strategies, Artificial Intelligence, Machining

In today's fast-paced world, businesses are constantly seeking ways to increase efficiency, reduce costs, and improve quality. Lean production has been a popular approach to achieving these goals, focusing on the elimination of waste and streamlining of processes. However, with the advancements in technology, particularly in the realm of artificial intelligence (AI), businesses can now take lean production to the next level.

• Lean Production, Artificial Intelligence, AI

Metal processing is the process of sizing, shaping, and altering the properties of metal materials. This process typically involves different methods such as machining, casting, forming, cutting, drilling, welding, bending, and assembly. The metal processing industry plays an important role in the production of parts used in automotive, aviation, defense, construction, energy, and many other sectors. Metal processing provides flexibility in production processes by allowing metal parts to be shaped and sized as desired.

• Machining, Manufacturing, CAM

Machining processes are widely used in manufacturing industries to shape and form various materials. These processes involve removing material from a workpiece to create a desired shape or size. Machining processes can be divided into two categories: conventional machining and non-conventional machining. In conventional machining, tools such as drills, lathes, and milling machines are used to remove material, while in non-conventional machining, methods such as laser cutting, water jet cutting, and electrical discharge machining are used. In this article, we will discuss the assessment parameters used in machining processes, specifically in conventional machining.

• Machining, Parameters, Digital Manufacturing

Supplier selection and budget planning are critical components of the procurement process, which plays a crucial role in the success of an organization. In today's business world, companies need to make the best use of their resources to remain competitive, and this involves careful consideration of both supplier selection and budget planning. This essay will discuss the importance of these two components and their impact on the overall performance of an organization.

• Supply Chain, Planning, Digital Technology

The CNC (computer numerical control) manufacturing industry in the United States is a significant part of the country's industrial sector. This industry uses machine tools that are controlled automatically to produce industrial products from various materials. CNC technology allows for the acceleration of the production process, the improvement of product quality, and the reduction of production costs. The CNC industry is widely used in various sectors such as automotive, aerospace, engineering, energy, and other industrial sectors. The automotive sector in particular frequently uses CNC technology, which allows for the acceleration of the production process of vehicle parts and the improvement of product quality.

• CNC, Machine Learning, Digital Technology

Today, many businesses use cloud-based software to secure their data. These data, which are kept on separate servers, form the backbone of the enterprise. Since data security is the way every business secures itself and its systems, this criterion should be given utmost importance.

• Data Security, Data Governance, Digital Technology

Additive manufacturing, also known as 3D printing, is a process of creating a three-dimensional object by building it layer by layer from a digital model. It involves using a machine to deposit layers of material, such as plastic, metal, or ceramic, in a precise pattern to create a physical object.

• Additive Manufacturing, 3D Printing, Digital Manufacturing

Enterprise resource planning, or in other words, business resource planning, is a general definition given to integrated management systems that enable the efficient use of resources such as labor, machinery, materials required for the production of goods and services in enterprises. It can also be defined as systems that are generally easy to use and that serve to bring together all the functions of a business.

• Enterprise Resource Planning (ERP), Digital Transformation, Data Driven Softwares

With the industrial revolution, the industry made its biggest breakthrough with industry 4.0. Today, when we look at the production intensity according to geographical regions, we see Central Europe and America, especially Asian countries.

• Cost Estimation, Technology, Data Driven Softwares

All the contributions of technology to us in the 21st century are the harbingers of the steps that will shape the future. The technology developing day by day has been included in the environment of many work areas. Industry, agriculture, transportation, media, etc. Technology, which we have seen great contributions in sectors such as, is being reshaped with software today.

• Trends, Technology, Data Driven Softwares

Today, many sectors have made technological development a target in order to survive. There are thousands of businesses that produce in different ways in different areas around the world. Some of them are large and some continue to exist in SME size. The common feature of these enterprises is that their needs are the same despite their different productions/sectors.

• SMEs, Technology, Cost Estimation

Businesses advance all their functions within a certain process. If these processes proceed properly, businesses can make a profit. The procurement process is one of these stages. An effective supply chain management deals with target price calculation for the products to be supplied.

• Supply Chain, Technology, Cost Estimation

Performance is a concept that we all want to achieve from time to time, but some requirements must be fulfilled in order to achieve it. Increasing the overall company performance depends on the motivation of the employees as well as the systems used by the company. That's why you should focus on all the vital functions of the business, especially the employees.

• Performance, Technology, Cost Accounting

Supply chain management is one of the most important factors in today's businesses. An effective supply chain management enables businesses to fulfill their responsibilities more easily and to take a new perspective. In addition to their own ecosystems, businesses can affect the ecosystems of their suppliers from time to time, this effect can be expressed as an optimal option to work with the right supply sources.

• Supply Chain Management, Technology, Cost Accounting

Today, the concept of efficiency can be improved in many ways. The performance of the business can be improved in many ways; labor, supply chain, production, etc. stable progress is possible at points such as. You can offer your employees effective software to reduce labor cost and save time. Establishing varying costs and fast bidding times can take a lot of time with legacy methods.

• Industrial Performance, Technology, Improvement

Today, many companies are trying to build a bridge between society and the environment within the scope of sustainability studies. We can say that corporate level activities are the most important factor shaping the competitive environment today. The biggest factor that changes the balances in the competitive environment can be described as the works carried out within the scope of the supply chain.

• Industry 4.0, Software, Technology

The future is in the industry, an innovative and emerging industry can move the world into the future. Industrial enterprises can face many problems in today's conditions. These include problems in the supply chain, global market problems, and problems with the consumer.

• Industry 4.0, Digitalization, Technology