World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy.

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World of Procurement blog

APRIL 23, 2024

Welcome to the fascinating world of supply chain management (SCM)! Supply Chain Lifecycle The supply chain lifecycle consists of several key phases: Planning : This involves the demand planning, supply planning, and overall business strategy.

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Supply chain management Supply chain management Supply Chain Efficiency Supply Chain Optimization 52

SCMDOJO

MARCH 19, 2024

Data-Driven Decisions The structure provides a framework for collecting and analyzing data across the supply chain. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Develop and implement strategies to optimize the supply chain.

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Arkestro

DECEMBER 26, 2024

As the procurement industry and supply chains become more tech-driven and complex, one fact is clear: companies that embrace industry trends will be best positioned to thrive in the challenging procurement landscape of 2025 and beyond. Here are five key trends that will shape procurement and supply chain management in the coming year.

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Supply Chain Game Changer

JUNE 11, 2019

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of Supply Chain management.

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SCMDOJO

APRIL 4, 2023

Key Takeaways What is Supply Chain Analytics? What is the Difference Between Supply Chain Analytics and Supply Chain Management? Purpose of Supply Chain Analytics What are some examples of Supply Chain Analytics? It is an essential element of supply chain management.

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SCMDOJO

JUNE 21, 2023

Supply Chain as a Service (SCaaS) is a new approach to managing the complex process of getting products from manufacturers to consumers. It involves outsourcing the entire supply chain function to a third-party provider who manages everything from sourcing raw materials to delivering finished products to customers.

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Supply Chain Game Changer

NOVEMBER 24, 2018

Check out What’s The Difference Between Logistics and Supply Chain Management? The logistics management process begins with raw material accumulation to the final stage of delivering goods to the destination.” Subscribe Here! Email Address. Infographic). ” [link]. ” [link]. Distribution.

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SCMDOJO

NOVEMBER 17, 2023

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supply chain. Access the full course here!

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SCMDOJO

SEPTEMBER 19, 2024

At a time when businesses are evolving at a rapid pace, the significance of supply chain management continues to grow, becoming an essential part of operations for companies around the globe. Two platforms that stand out in this field are SCMDOJO academy and Coursera supply chain courses , among many others.

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Spend Matters

AUGUST 15, 2024

This case illustrates how hidden risks in old software can lead to unexpected failures, prompting procurement and supply chain leaders to advocate for proactive updates rather than relying on outdated systems.

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Supply Chain Game Changer

JULY 31, 2019

A while ago, we blogged about how more Startups are looking to Supply Chain Management to boost their productivity as they scale. But failure to account for these factors can be a major bottleneck to growth, and many a startup has failed because of Supply Chain issues.

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Una

SEPTEMBER 6, 2022

Eliminating waste; for example by reducing lengthy sourcing times. Some of the benefits of leveraging lean procurement include: Reduce time-to-source. Lean sourcing methodologies can compress months-long RFP processes into less than a week by replacing complex RFP processes with one-day design-style workshops. . Get in Touch.

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SCMDOJO

SEPTEMBER 7, 2024

The key to achieving this supply chain utopia lies in understanding the different types of warehouses and their strategic roles. Importance of Warehouses in Supply Chain Management Warehouses play a pivotal role in the efficient functioning of supply chain management.

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Una

AUGUST 2, 2022

Contact our team of Sourcing Advisors to learn more. Benefits of Cloud-Based Supply Chain Management. Una’s team of Sourcing Advisors is here to help. Take B2B services purchasing as an example. Self-service. No procurement process can be considered fully automated without self-service. Una can help.

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Supply Chain Game Changer

JULY 28, 2020

Or is a Parallel Supply Chain really a journey into the Twilight Zone? Parallel Supply Chains. A Parallel Supply Chain is literally that. A complete duplication of your current Supply Chain. In concept the Parallel Supply Chain could be in ongoing operation along with your main Supply Chain.

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Supply Chain Game Changer

MAY 31, 2022

Any point of single sourcing, or sole sourcing , whether it be materials, parts, resources, systems, processes, suppliers, production or facilities is a single point of failure. Supply Chains will always be more susceptible to failures in direct proportion to the number of single points of failure.

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Procurement Tactics

JUNE 6, 2023

Thus, you will be able to predict your supply chain which will help you meet your customers’ demands. Inventory forecasting, also known as demand planning or demand forecasting, is a market research technique that accurately predicts future inventory needs. Demand forecasters need to be prepared.

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Supply Chain Game Changer

JULY 30, 2019

Yet without proper Freight Management most company operations would grind to a halt rather quickly. What is Logistics Management? ” Finally from investopedia.com we hear that “Logistics refer to the overall process of managing how resources are acquired, stored, and transported to their final destination.”

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IBM Supply Chain Blog

JUNE 29, 2023

Integrated Business Planning (IBP) addresses these challenges by providing a comprehensive framework that integrates strategic, operational and financial planning, analysis, and reporting to drive better business outcomes. Data integration and analytics IBP relies on the integration of data from different sources and systems.

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Supply Chain Game Changer

JULY 21, 2021

From a cost perspective, this supply chain KPI is of the utmost importance as it will measure all of the costs associated with running your supply chain. It encompasses all of the supply chain costs associated with your products such as sourcing, producing, transporting, storing (etc).

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Supply Chain Game Changer

SEPTEMBER 29, 2020

The global Inventory management business processes that we focussed on made phenomenal improvements: Supply/Demand Planning. The gap in our ERP planning between demand and supply was reduced by 85%, resulting in a significant reduction in over ordering. Raw Material Management.

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The Good Spending

AUGUST 16, 2022

Other peers around the company overlap with us in their functions - Technology tends to manage suppliers , Finance owns the demand planning and budgeting, and Sales and Marketing monopolize the end-customer value chain. The supply chain weaves and then sits inside the spider web of relationships.

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Supply Chain Game Changer

NOVEMBER 23, 2018

Difficulties forecasting demand in a high-volume repair environment caused inventory costs to skyrocket. Inadequate planning and execution resulted in excess and obsolete inventory and poor utilization of warehouse space. ModusLink immediately tackled the forecasting and demand challenges. million in just the first year.

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Supply Chain Game Changer

FEBRUARY 19, 2019

But what does that mean in terms of the Supply Chain? Aside from the demand planning, customer order management, and supplier order management activities associated with Fulfillment most people traditionally think of Fulfillment in the context of the Warehouse or Distribution Centre. Fulfillment.

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Supply Chain Game Changer

FEBRUARY 8, 2022

Subscribe to Supply Chain Game Changer. The Supply Chain Renaissance Has Begun! I recently saw the headline for an article which said that Supply Chains are NOT broken, but rather it is just a demand planning issue. To me, this belies a very myopic view of what Supply Chain actually entails.

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Supply Chain Game Changer

NOVEMBER 23, 2018

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Lots of things are happening in Supply Chain Management! The field is becoming more digital, with end-to-end planning and blockchain technologies transforming the way products are coming to market.

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Supply Chain Game Changer

NOVEMBER 6, 2018

Video Source: [link]. Consumers are the biggest source of food waste in developed countries as they discard at least 20-30% of what they purchase. Table Source: [link]. ” Source: [link]. Check out ReFed’s Roadmap to Reduce Food Waste: Video Source: [link]. That is over 1.3

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Supply Chain Game Changer

NOVEMBER 10, 2018

Supplier collaboration has always been a function of maintaining a delicate balance between demand and supply. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor!

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Supply Chain Game Changer

AUGUST 6, 2020

The mass adoption of digital emerging technologies influences the operations of companies’ logistics and supply chain management. Relevant data is collected from different sources, like – Enterprise Resource Planning (ERP) system, sensors, machine generated, social media and external web services.

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Supply Chain Game Changer

MARCH 23, 2021

Most of these tasks occur below the surface, that is beyond the visibility of anyone not otherwise aware of what is involved. That is these tasks are the 90% of the iceberg that most can not see. Warehouse Order Fulfillment.

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Supply Chain Opz

JANUARY 17, 2017

Supply Chain Management is complex and truly mastered by few. Some common customer values driving Supply Chain excellence are as follows: Responsiveness: Time-based competition is now the norm, with customers requiring quicker availability and higher levels of customization.

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The Procuretech Podcast

OCTOBER 3, 2022

On Demand, modular best-of-breeds, and why we need them. If I'm a supply chain manager, I want to do everything on one platform. . SCM Dojo has different teaching pathways here: A supply chain manager pathway, a logistics manager, a demand planning pathway, etc. .

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Let's Talk Supply Chain

APRIL 13, 2023

Sourcing global talent Provides established processes for staff augmentation Visibility, KPIs, training, clear expectations When do customers approach Lean Solutions Group? LSG helps companies set up satellite offices in Colombia, Guatemala, the Philippines, and Mexico through seamless recruitment, training, and onboarding processes.

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Planergy

DECEMBER 8, 2022

Dynamic fare adjustment and the relocation of idle drivers to areas of high demand can improve dispatch system efficiency. Long-Term Demand Forecasting. Demand forecasting is an important part of supply chain management. The Different Types of Demand Forecasting Methods. Delphi Method.

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Supply Chain Brain

MAY 14, 2018

A plentitude of open-source communities is also available to offer assistance. structure, including its enterprise resource planning (ERP) system. Inexpensive devices such as the tiny computer Raspberry Pi can be deployed to achieve initial proof of concept.

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Supply Chain Opz

JULY 7, 2013

7 Principles of Supply Chain Management Explained. Would you like to understand supply chain management concept but dont have time to study from a supply chain textbook ? 3) Align Demand Planning Across Supply Chain. Is Apple Supply Chain Really the No.

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