Procurement Insights
NOVEMBER 4, 2024
EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Monte Carlo) used to determine supply chain optimization. If so, what was it? I hope this helps.
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.
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Procurement Insights
JANUARY 22, 2024
MUSING #1 In the age of information, it’s surprising that supply chain digital transformation isn’t as readily available as one would expect. Are you optimizing your negotiations amidst all of the chaos? So, I put the following search term into Google, “optimizing your negotiations amidst all of the chaos?
Supply Chain Opz
JULY 7, 2013
Rubio and Chamorro 2008 explains about the current state of reverse logistics research in their paper " Characteristics of the research on reverse logistics (1995–2005) " that major research stream is, - Development of math algorithm in a production planning and design of optimal reverse logistics network. Discussion.
Procurement Insights
SEPTEMBER 30, 2023
In reality, however, we operate in a world in which synchronization between diverse (and now global) stakeholders have to exchange and quantify disparate data on a real-time basis, and therefore, the term supply practice would be a more appropriate description. I will also include the link to the original post to provide greater context.
Supply Chain Game Changer
FEBRUARY 18, 2020
Subscribe to Supply Chain Game Changer. At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series at Supply Chain Game Changer.
SCMDOJO
FEBRUARY 19, 2024
While Lean focuses on eliminating waste and optimizing processes to achieve seamless workflow, Six Sigma targets reducing variation and improving quality through data-driven analysis and statistical tools. – JIT deliveries cause congestion in the supply chain which leads to delays, pollution, shortage of workers, etc.
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