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What are the top 10 procurement predictions for 2030?

Procurement Insights

ChatGPT Assessment 2024 – [link] Did Gartner get it right 2009 – [link] 2. This integration will streamline strategic sourcing, reducing cycle times and enhancing efficiency. Organizations will prioritize sourcing that minimizes environmental impact and promotes resource efficiency.

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What is Economic Order Quantity & its Advantages

SCMDOJO

Like safety stock calculations , EOQ is one of the most important equations in supply chain planning. With the rise of COVID-19, the supply chain in is facing a huge challenge in the lead time. Author : Emad Atef – CSCA, MBA (Candidate), Procurement and Sourcing Manager. References. Bowersox, David J.

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Rivian: Navigating Supply Chain and Operational Challenges and Embracing Growth

SCMDOJO

Introduction Founded in 2009, Rivian Automotive, Inc. However, this initial success was soon overshadowed by a series of setbacks and challenges that Rivian had to navigate through mainly related to supply chain and production. The production setbacks experienced by Rivian had a direct impact on its reputation and supply chain.

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

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When Covid-19 hit, supply chains across the globe nearly came to a halt. According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. Procurement Teams Step-up. It’s critical to be vigilant.

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CPO Spotlight: Magdalena Shakallis

Procurement Heads

For Procurement Heads ’ latest CPO Spotlight, Magdalena spoke with Rupert Gaster about why she chose to complement her procurement career with end-to-end supply chain roles and what drives her curiosity. I come from Poland, but moved to the UK in 2009, and lived in Chile for three years in the meantime.

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Intelligent IBP – a new role for supply chain planners

Supply Chain Trend

In this blog : a new role for supply chain planners. Similar to the continuous automation of physical assets in the supply chain over the last 100 years, we’ve now reached the era where the knowledge worker will be augmented or automated by a machine. For middle management, ineffective decision-making reaches 68 percent.

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The 13 Most Preferred Cryptocurrencies!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. In addition, cryptocurrency offers the world an alternative to centralized and transparent financial systems. Since no trust or banks are involved in the transaction and management, we can see that the middleman imposes no fees or charges during the transfer. Subscribe Here!