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Leveraging Lean Procurement

Una

Leveraging Lean Procurement. What is lean procurement? Lean procurement” can mean several different things depending on who you ask, but the common thread connecting every definition is the core concept of doing more with less. Applying the principles of the lean work methodology to procurement. Create strategic focus.

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7 Strategies to Improve Your Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! Strategies to improve your Supply Chain article and permission to publish here provided by Claire Glassman. The supply chain is a significant part of your overall business strategy and inventory management.

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The Future of EDI for Supply Chains

Let's Talk Supply Chain

As supply chains continue to evolve and become more complex, the need for efficient and reliable data exchange becomes even more important. Standards such as X12 and EDIFACT were introduced to help define the specifics of each type of document companies might want to exchange (ie Purchase Orders, Shipping Notices, Invoices, etc).

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

If you’re in the business world, you’re probably always looking for ways to streamline your supply chain operations. Luckily, supply chain analytics is here to help! But like any new technology, there are hurdles to overcome when implementing supply chain analytics.

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Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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Technology Trends in Procurement

Una

Benefits include cost savings, risk reduction, efficiency gains, transparency, agility, customer satisfaction, employee engagement, and much more. AI is also getting better at reading unstructured documents including supplier contracts, with one study revealing that AI read a contract in 26 seconds while human lawyers took 92 minutes.

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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

Among them were supply chain disruptions , inflation, and supply scarcity and shortages. The talent shortage in procurement and supply chain is nothing new: it’s been going on for several years now. The Supply Chain Will Continue to Heal. In 2022, procurement faced challenges on multiple fronts.