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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events. Traceability is closely related to visibility.

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The missing link: Why visibility is essential to creating a resilient supply chain

IBM Supply Chain Blog

Supply chain visibility has been the missing link since the shockwaves of 2020 rippled throughout the world and consumers felt the impacts of broad-based supply chain issues. But what does supply chain visibility mean?

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. .

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A Guide to Electronic Data Interchange (EDI) in 2024 | Ecommerce

Finale Inventory

Understanding Electronic Data Interchange (EDI) EDI is the electronic exchange of business documents between trading partners in a standardized format. With EDI, businesses can transmit and receive electronic documents such as purchase orders, invoices, and shipping notices.

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Analyst eye on how purchasing must really become supply management

Spend Matters

more than 4,000 shipments, representing $1,400 million, have been scrutinized, and 16% of them were denied entry in the USA, and 38% were cleared, with a staggering 46% being in ‘pending’ status, meaning that CBP is waiting for or analyzing documents from importers to make a decision. According to statistics from the C.B.P.

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What is Contract Lifecycle Management (CLM)?

ivalua

Contract management software can help to improve contracting efficiency, enable better supply chain visibility and management of obligations, improve contract compliance and help to reduce exposure to risk. . If you think about it, a contract is the only document that formalizes a relationship between a buyer and a supplier.

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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

Supplier collaboration goes well beyond the sharing of product design documents, extending into initiatives involving product innovation, supply chain visibility, compliance, target cost programs, demand and capacity planning, and risk management. This means becoming proficient in the practice of collaboration.