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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. The powerful concept of Supply Chain Visibility lies at the core of resilience. Supply Chain Visibility refers to tracking and monitoring the movement of goods, services, and information throughout the supply chain.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

Value chain : Transparency in operations and across multiple supplier tiers gives you visibility into potential gaps in supply continuity. Information sharing through supplier collaboration supports effective inventory management and enables you to plan proactively while identifying risks such as shortages and delays.

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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

In response to increasing expectations from customers and stakeholders alike, some businesses are leveraging the transparency and immutable record of blockchain to uphold their ethical and sustainable sourcing practices. Try out cognitive intelligence free for 30-days. How is sourcing strategy different than procurement strategy?

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The Importance of Supply Chain Traceability for Small Businesses with Finale Inventory | Ecommerce

Finale Inventory

This article examines why supply chain traceability matters and how Finale Inventory can assist small businesses in achieving it. Defining Supply Chain Traceability In straightforward terms, supply chain traceability means having full visibility and transparency across the entire supply chain.

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

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Key Trends and Themes for Supply Chain and Logistics in 2024

SCMDOJO

As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts. According to a recent survey, 91% of manufacturers plan to “spice up” AI technology with supply chain data analytics by the end of 2024. And considering Amazon’s success, it’s safe to say the model works.

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The Fear of Running Out (FORO) in Supply Chain!

Supply Chain Game Changer

By definition, Supply Chain is responsible for the continuity of supply and inventory of goods and services. If supply lines are disrupted, or if inventory runs out, Supply Chain is on the hook to restore supply. The fear of running out can result in excess and obsolete inventories which can create an entirely new set of problems.