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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. Neil Southern, 2011).

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The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them. million, up from $1.9

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Top 10 Transportation Challenges and Solutions Identified in Research

SCMDOJO

This article explores challenges identified in a research paper by McKinnon (2006) focusing on vehicle utilization and efficiency in the freight industry [1]. We’ll delve into each challenge and explore potential solutions: 1. Transportation is a complex system, and even minor inefficiencies can have a ripple effect.

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7 Megatrends Supply Chain People Should Watch

Supply Chain Opz

Current logistics and supply chain management trends are discussed very often on social media sites. In the year 2000, Journal of Business Logistics published the article named " Ten Mega-Trends That Will Revolutionize Supply Chain Logistics ". How can we identify them really? What''s Next?

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Cryptocurrencies Beyond Bitcoin! (Infographic)

Supply Chain Game Changer

Launched in 2011, Litecoin was part of the first set of cryptocurrencies after Bitcoin. Launched in 2012, Ripple is a global settlement network that provides financial institutions with access for conducting immediate payments across borders, with lower costs and guaranteed transparency. Litecoin (LTC). Monero (XMR). Ethereum (ETH).

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Procurement Metrics: Key Performance Indicators for Success

Empowering CPO

But procurement is more than just buying; it’s about making informed and strategic decisions that can significantly impact a company’s bottom line, efficiency, and competitive advantage. These are quantifiable measures used to track and analyze the efficiency, effectiveness, and quality of the procurement process.

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Selecting the right service provider partner for each one of the three steps or stages of procurement digital transformation success

Procurement Insights

Posted on August 22, 2011 (Original post date May 2007) Dangerous Supply Chain Myths Revisited (Part 7): Enabling Technology – The Emergence of the Metaprise Each day for the next seven days I will be posting parts 1 through 7 from what is considered to be one of the most popular series in the Procurement Insights Blog’s history.