Remove 2004 Remove Procurement Remove Supply Chain Efficiency
article thumbnail

Why is an agent-based model within a metaprise framework better for procurement than an equation-based Intake and orchestration model?

Procurement Insights

MODEL #1 An agent-based model (ABM) within a Metaprise framework offers several advantages over an equation-based intake and orchestration model in procurement: 1. Procurement Insights Equation-Based Models: Expanding these models often requires redefining equations and parameters, making scalability more challenging. Pitt Site 3.

article thumbnail

History and Evolution of Supply Chain and Logistics

SCMDOJO

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. and J-P Rodrigue (2004)).

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

Public Procurement: Building Business Cases and Driving Momentum. For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Agile Procurement in Canada. Social Procurement Framework in European Union.

Suppliers 246
article thumbnail

Walmart Supply Chain: Building a Successful Integrated Supply Chain for Sustainable Competitive Advantage

SCMDOJO

Among these strategies, the role of supply chain capability stands out as a key factor in driving success. A well-optimized supply chain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.

article thumbnail

When it comes to blockchain, AI, and algorithms for procurement, “there is nothing new under the sun!”

Procurement Insights

In my fall 2004 analyses of a study on the use of web-based applications, I made the following observation: It is my position that a true centralization of procurement objectives requires a decentralized architecture that is based on the real-world operating attributes of all transactional stakeholders, starting at the local or regional level.

article thumbnail

The Big Interview with Ana Maria Velica

Procurement Heads

When did your interest in procurement and supply chain begin? It was back in 2004 in Romania – I am Romanian – and at the time I was working as a Marketing Assistant at British American Tobacco. How did you engineer your career path to the point you are now at as Head of Supply Chain?

article thumbnail

Is Your Supply Chain Recession Proof? A Guide for Building a Resilient Supply Chain

SCMDOJO

Supply chains are particularly vulnerable during recessions. Consequently, it is imperative to develop a recession-proof supply chain to make them more resilient and adaptable. A resilient supply chain is one that can absorb shocks and continue functioning with minimal disruption.

52