Procurement Tactics

JUNE 8, 2023

What is Inventory Management? Inventory management refers to the process of handling a company’s inventory, which includes raw materials, parts, and finished products. Businesses use various methods of inventory management, each with its own advantages and disadvantages, depending on what they require.

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SCMDOJO

APRIL 24, 2024

Whether it will be worth it, only time will tell. The amplified visibility lets companies verify the authenticity and provenance of products, reduces the risk of counterfeiting, and helps ensure regulatory compliance. An expensive one, we dare say.

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Supply Chain Game Changer

FEBRUARY 8, 2022

Commodity and raw material shortages of every kind have delayed the manufacturing and distribution of goods across most industries, driving up prices in the process. Once admired just-in-time systems have faltered badly. This type of visibility would also allow for instantaneous course corrections based on what is going on.

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Supply Chain Game Changer

OCTOBER 6, 2020

Now that we face the prospect of a second wave of the virus, how should Supply Chain professionals focus their time and energy ? There were calls to domestically source materials, or to establish Parallel Supply Chains. Wearing masks, social distancing, washing hands, and more will likely be the norm for some time to come.

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Supply Chain Game Changer

NOVEMBER 9, 2021

Is Just In Time Past Its Time? And standard operating practice in the automotive industry is just-in-time delivery dynamics. At the same time demand dropped dramatically at the beginning of the pandemic. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Environmental Impacts and Market Dynamics.

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Supply Chain Game Changer

JULY 14, 2020

The very real problem of healthcare Personal Protective Equipment (PPE) and ventilator shortages has highlighted problems with National Strategic Stockpiles. The visibility to and the impacts of this disruption is also unprecedented. This made real the fact that there would not be sufficient Personal Protective Equipment (PPE) (eg.

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SCMDOJO

OCTOBER 14, 2023

It comprises all elements from the origin (the raw material) to the consumption networks (end users). Now, real-time connections provide more accurate data and information, which helps create collaboration in the digital world. It has made visible changes in the SCM systems.

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IBM Supply Chain Blog

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Automation Automation can streamline supply chain operations, from order fulfillment to inventory tracking.

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Supply Chain Game Changer

SEPTEMBER 14, 2021

Featuring Our 10 Best Inventory Management Articles! The prospect of having a Just In Time (JIT) Supply Chain system has been the goal of innumerable businesses and industries for decades. And for those who have implemented Just In Time processes it has been the backbone of their entire operating structure. Is JIT past its time?

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IBM Supply Chain Blog

NOVEMBER 3, 2022

If you haven’t been thinking about these questions, the time to start is now. Supply chain sustainability is defined as embedding environmental, social or corporate governance considerations as raw materials are sourced, converted to products and delivered to market. Supply chain sustainability best practices.

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Supply Chain Game Changer

MAY 4, 2021

Schedules would be adhered to, deliveries would be made on time, commitments would be met, financial results would be accurate, customers would be delighted, employees would be happy, and stakeholders would be sitting back at ease watching their company flourish. If forecasts were accurate there would be precision in execution and results.

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SCMDOJO

NOVEMBER 24, 2023

A warehouse management system is a software solution that provides transparency and visibility to the entire warehouse operations. WMS is efficient enough to manage Inventories, order fulfillment, and inbound-outbound deliveries of any single warehouse or multi-location warehouse cluster.

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Let's Talk Supply Chain

JULY 9, 2023

Operating in over 40 countries worldwide, SEKO lead the industry with innovative and customizable IT solutions, which provide a seamless flow of information to deliver their growing customer base true supply chain visibility. It’s about visibility, it’s about the experience.” You can increase your conversion by providing more options!”

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SCMDOJO

JULY 24, 2023

Depending on the specific needs of the client, the scope of contract logistics can range from managing individual aspects of the supply chain to offering full end-to-end solutions. They play a crucial role in the supply chain by ensuring the availability of raw materials or finished products for transportation.

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Supply Chain Game Changer

NOVEMBER 13, 2018

They seemed rather administrative at the time and took away valued time to work on more pressing matters. As a company you may be disrupted in your ability to get your raw materials delivered, your goods processed, or your products shipped to your customers. Proactive, Real Time Visibility.

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Arkestro

DECEMBER 12, 2022

Supply Chain Visibility. Supply chain visibility is another critical issue. Visibility provides regulatory and consumer assurance in the face of issues like counterfeiting. And many consumers and advocacy groups are sensitive to the environmental impact of products or raw materials that may be harvested using forced labor.

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IBM Supply Chain Blog

FEBRUARY 13, 2024

Organizations may also choose to vet each supplier to ensure their own sustainability practices align—from the suppliers of raw materials for production to those who provide shipping boxes. Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times.

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Supply Chain Game Changer

NOVEMBER 19, 2018

Advanced Analytics will support real-time decision making based on data captured across the supply chain. Using advanced analytics in a transportation management network to look at historical traffic patterns, you can plan a truck’s route that takes into account time delays for more accurate arrival times.

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Supply Chain Game Changer

SEPTEMBER 21, 2021

Is Just In Time Past Its Time? Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. Subscribe to Supply Chain Game Changer. Get Our EBOOK HERE.

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Finale Inventory

SEPTEMBER 4, 2024

Defining Supply Chain Traceability In straightforward terms, supply chain traceability means having full visibility and transparency across the entire supply chain. It allows businesses to understand where their products come from, how they are made, and how they reach the end consumer.

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SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. For your supply chain map to have any real benefit, you must go beyond your direct suppliers.

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SupplyShift

DECEMBER 6, 2021

In the wake of supply chain disruptions and global shortages, businesses are quickly recognizing the need for greater visibility over their supply network, from documenting the origin of material components to tracking shipments. For your supply chain map to have any real benefit, you must go beyond your direct suppliers.

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Supply Chain Opz

NOVEMBER 30, 2015

Given the costs of infrastructure development, I suspect these tight capacities to remain for some time and drilling companies will be looking to other alternatives (namely pipeline, truck, or ship) to move oil around the country. This has been a priority of shippers for a long time in order to optimize their supply chains.

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World of Procurement blog

MAY 8, 2024

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Customers receive orders on-time without backlogs. This enhances customer satisfaction and retention.

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Supply Chain Game Changer

JANUARY 26, 2021

And even with the approval of vaccines the poor initial rollout suggests that it is going to be a long time yet before we can go back to some state of normal. All of this has had to be done under immense pressure, with unwavering time constraints, under lockdown conditions, and under all social distancing and pandemic guidelines.

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Finale Inventory

SEPTEMBER 24, 2024

Additionally, effective materials handling helps optimize space utilization, minimize equipment damage, and enhance employee safety. Moreover, efficient materials handling can also have a considerable impact on cost savings for a warehouse operation.

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Supply Chain Opz

AUGUST 2, 2018

In Global organizations, successful inventory management is a complex science that requires modelling across an entire network to determine interdependencies between locations and the calculation of the ideal inventory targets from raw materials through work-in-progress to finished goods; no small undertaking.

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Procurement Software

MARCH 5, 2024

Multi-functional technology enables you to train anywhere at any time, while ever-learning programming allows you to experiment and practice to achieve different outcomes. LavenirAI allows you to train anywhere, any time, so you can stay at the top of your game. It promises to assist with improving buyer and supplier collaboration.

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Supply Chain Game Changer

NOVEMBER 12, 2018

One of the main problems in a functionally organized company is that those functions over time can become isolated from each other. Organization lines and boxes on a piece of paper become actual boundaries and barriers to teamwork and productivity in real life. How many parts of your company act as independent silos?

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Procurement Software

JULY 4, 2023

It also provides real-time data and analytics that can be used to improve purchasing decisions. Ultimately, digital procurement enables organisations to enhance the overall procurement experience, as well as increase efficiencies and transform their end-to-end procurement function. What is procurement tech?

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IBM Supply Chain Blog

AUGUST 15, 2023

Production management was also primarily based on experiential judgment, leading to frequent last-minute procurement of raw materials, which posed cost-management risks and caused delays in tracking procurement progress.

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Empowering CPO

JUNE 25, 2023

Whether it’s raw materials for manufacturing, software for operations, or services for customer support, procurement is the bridge that connects businesses to the resources they need to function and grow. They were time-consuming, error-prone, and lacked the sophistication to handle large volumes of data or complex analyses.

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IBM Supply Chain Blog

FEBRUARY 16, 2023

Leading companies will invest in AI, ML and intelligent workflows to deliver end-to-end forecasting capabilities that utilize real-time feeds from multiple data sources, leveraging hundreds of AI and ML models, to deliver more granular and accurate forecasts and customer insights.

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Procurement Insights

FEBRUARY 26, 2025

Back then, he used an algorithm-based platform to forecast demand, optimize inventory, and sync with suppliers for MRO parts. accuracy) came from quickly connecting data “strands” (usage, pricing, lead times) to act decisively. Velocity Procurement might use pre-vetted supplier pools, real-time data feeds (e.g.,

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Let's Talk Supply Chain

FEBRUARY 25, 2025

Global Supply Chain Disruptions Continue to Impact Logistics Operations In the realm of logistics, the ongoing global supply chain disruptions persist as a formidable challenge for businesses worldwide.From raw material shortages to transportation delays, companies are grappling with the adverse effects of these disruptions on their operations.

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