Remove Demand Planning Remove Sourcing Remove Supply Chain Visibility
article thumbnail

ERP vs. Best-in-Class — What is Best for Managing the Healthcare Supply Chain

ivalua

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . Demand planning capabilities. Demand planning is the ability to create forecasts that predict the future need for your products.

article thumbnail

What is Supply Chain Management? A Guide to Success

SCMDOJO

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

Jaggaer

Enhancing collaboration pays off, both by increasing transparency with suppliers and improving the bottom line through multi-tier supply chain visibility. Analytics also help you better evaluate potential suppliers, pinpoint cost-saving opportunities, and strengthen future sourcing strategies.

article thumbnail

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

To varying degrees, logistics management functions include customer service, sourcing and procurement, production planning and scheduling, packaging, and assembly. Logistics management is part of all the levels of planning and execution, including strategic, operational and tactical.

article thumbnail

Food Waste and World Hunger – The Food Supply Chain is Broken! (Videos)

Supply Chain Game Changer

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

article thumbnail

Digital Twinning of Supply Chains!

Supply Chain Game Changer

Relevant data is collected from different sources, like – Enterprise Resource Planning (ERP) system, sensors, machine generated, social media and external web services. Supply chain orchestration platform aims to leverage various cutting-edge technologies (i.e. Visibility & Exception Interface.

article thumbnail

Analyzing Product Costs: A Question of ‘What If’

Supply Chain Brain

In addition to obvious elements such as the price of materials and labor, the correct decision must take into account such factors as weather, tariffs and border taxes, political and economic instability in source countries, and the impact of travel restrictions and visa charges on global talent.

Price 40