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7 Strategies to Improve Your Supply Chain!

Supply Chain Game Changer

Closer local vendors can be a better choice since you don’t need to worry about the long lead times once your demand planning is off. Use Demand Planning. If you aren’t using historical demand data for forecasting customer demand for your products, it’s wise to use demand planning to improve your supply chain.

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The Role of IT in Supply Chain!

Supply Chain Game Changer

This tool allows you to exchange electronic documents like orders, invoices, and shipping notices via an electronic data network (EDN). Demand Planning. Demand planning involves finding where you’ll get your items, how much you need to order, and when to call them.

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Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

Order processing also includes picking, packing, and preparing products for shipment, as well as generating necessary documentation such as invoices and shipping labels. Transportation and Routing: The logistics department is responsible for planning and organizing the transportation of goods.

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Types of Supply Chain Reports: Definition and Benefits

SCMDOJO

Supply chain reports are data-driven documents that provide key metrics and insights into various aspects of your supply chain, including: Inventory Levels Tracking stock levels in real-time to ensure adequate inventory to meet demand while minimizing holding costs. What are Supply Chain Reports?

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The Future of EDI for Supply Chains

Let's Talk Supply Chain

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). These standards help define the data for each document and the way in which the documents need to be communicated.

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Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Work collaboratively with suppliers in real time to improve parts and material quality while responding quickly based on demand forecasts.

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Technology Trends in Procurement

Una

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. Fully-automated spend categorization will boost visibility, free up time, supercharge advanced analytics, and improve decision-making. Self-service.