SCMDOJO
MARCH 28, 2023
Blockchain technology is revolutionizing the way businesses manage their supply chains. By providing a secure and transparent way to track products from their origin to their final destination, blockchain for supply chain can help increase efficiency, reduce costs, and improve trust between suppliers and customers.
SCMDOJO
FEBRUARY 19, 2024
. – Administrative improvements (reduction in order processing errors, streamlining of customer service functions so that customers are no longer placed on hold, etc.) – Strategic improvements (reduced costs, etc.). – Reduced flexibility and less ability to react to new conditions and circumstances. Hoerl, R.W.,
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Let's Talk Supply Chain
FEBRUARY 16, 2024
2024 is coming at us fast and the supply chain is front-and-center when it comes to geopolitical tensions and wars plaguing the globe. Just this week, retail brands called for safe travel on the Red Sea amidst growing rates and delays and regional fighting that has cost over $80B in inventory. Yes, don’t forget the pirates.
Procurement Insights
JULY 8, 2024
From our experience at a high level, in 2024 companies budgeted for a recession. Here is a paper I wrote in 2008 – [link] These failures are not due to the technology in each of these generations. If 85% GenAI projects failed in the last 18 months, why are most companies increasing budgets in 2024 and 2025?
Procurify
AUGUST 11, 2022
While dealing with the ongoing inflation, companies must navigate supply chain disruptions, geopolitical issues in certain markets, labour shortages and the foggy business environment caused by the pandemic. A big mistake made during a downturn is cutting marketing and sales budgets. Sell smarter. Scale automation.
SCMDOJO
FEBRUARY 29, 2024
It is arguably true that supplier performance management is considered a business practice for measuring, analyzing, and managing supplier performance to reduce cost, and risk and also drive continuous improvement. Therefore, the success of supplier performance management directly affects the quality of the entire supply chain.
Zycus Cognitive Procurement
SEPTEMBER 15, 2022
According to McKinsey research , in the five years immediately following the 2008 global financial crisis, total return to shareholders for companies with top-quartile procurement capabilities was 42 percent higher than the companies whose procurement operations were in the bottom quartile. This is to enable greater autonomy and agility. .
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