February 2023

ThurmanCo, Project Management, Industry 4.0

What is Industry 4.0?

Industry 4.0 concepts and technologies can be applied across all types of industrial companies, including discrete and process manufacturing, as well as oil and gas, mining, and other industrial segments. Historical Context Let’s start with a bit of history to put it in perspective. First industrial revolution The first industrial revolution began in the late …

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ThurmanCo, Project Management, Supplier Performance, KPI

What metrics are used to measure suppliers?

Communication between buyers and suppliers is critical to ensuring high-functioning and transparent relationships. A Supplier Performance Scorecard is a convenient tool allowing suppliers and buyers to regularly monitor their relationships through metrics. By establishing a scorecard, the supplier and the customer have a consistent means to measure and evaluate the supplier’s performance. This facilitates documenting …

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