Supply Chain Brain
JULY 21, 2024
The progress of supply chains in adopting AI varies widely. So does the return on investment. But according to one recent study, there’s one strategy that guarantees failure: doing nothing.
Barkers Procurement
JULY 21, 2024
How to Implement ESG in Your Supply Chain As businesses increasingly recognise the importance of sustainability, Environmental, Social, and Governance (ESG) criteria have become essential elements in defining corporate responsibility. Implementing ESG in the supply chain is not only about enhancing the ethical stature of a business, but also about securing a competitive advantage in an increasingly conscientious market.
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Supply Chain Brain
JULY 21, 2024
Supply chain attacks are becoming more widespread, with cybercriminals infiltrating or compromising the least-secure aspects of a company’s increasingly broad digital ecosystem.
Finale Inventory
JULY 21, 2024
Arbitrage is a concept that plays a significant role in ecommerce. By understanding the intricacies of arbitrage, online businesses can leverage its potential to maximize profits and minimize risks. This article covers the various definitions and applications of arbitrage, as well as its different types, mechanics, and legal implications. Understanding the Concept of Arbitrage At its core, arbitrage refers to the practice of taking advantage of price inconsistencies in different markets to gener
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Discover strategies to optimize load building and achieve significant transportation cost savings. Plus, learn how load optimization can help reduce CO 2 emissions and align with climate regulations and consumer expectations. Finally, discover best practices for sustainable load optimization.
Supply Chain Brain
JULY 21, 2024
Supply chain leaders are expected to increase investment in technologies over the next two years, but they must prioritize what they want to implement, says Carly West, senior director analyst at Gartner.
Finale Inventory
JULY 21, 2024
Carrying costs play an important role in the success of any ecommerce business. By understanding and effectively calculating these costs, entrepreneurs can make informed decisions to optimize their operations and maximize profitability. In this article, we will explain the concept of carrying costs, discuss its various components, and provide practical methods for calculating and reducing these costs.
Purchasing & Procurement Zone brings together the best content for professionals in the purchasing and procurement field from the widest variety of thought leaders.
Finale Inventory
JULY 21, 2024
Running an efficient ecommerce business requires careful planning and effective inventory management. One key aspect of inventory management is calculating the reorder point. By determining the optimal time to reorder products, you can ensure that you never run out of stock while avoiding excessive holding costs. This article provides step-by-step guidance on how to calculate it effectively.
Art of Procurement
JULY 21, 2024
“Sustainability is at the top of the agenda for businesses, because now they have to demonstrate exactly what their carbon. The post Applying ISO Standards to Procurement appeared first on Art of Procurement.
Finale Inventory
JULY 21, 2024
In ecommerce, understanding and calculating total manufacturing cost is fundamental for businesses to accurately gauge their profitability and pricing strategies. Determining the total manufacturing cost allows companies to make well-informed decisions regarding product pricing and overall business strategies. This guide will cover the concept of total manufacturing cost, break down its components, provide useful formulas, and discuss how to interpret the results and reduce costs effectively.
Finale Inventory
JULY 21, 2024
In e-commerce, managing finished goods inventory can be a complex task. With effective formulas and strategies, you can streamline your inventory management processes and enhance overall efficiency. This article discusses the significance of managing finished goods inventory, key concepts, relevant formulas, effective strategies, the role of technology, and how to address common challenges.
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As early as next year, procurement and supply chain operations will begin to adopt AI agents, often called “agentic AI,” to work alongside employees to make and execute decisions with precision across procurement and even the most complex global supply chains. Unlike LLM-based generative AI tools such as ChatGPT, these AI agents do not require prompts from humans.
Finale Inventory
JULY 21, 2024
Managing manufacturing costs is vital for ecommerce businesses to stay competitive in the market. One important aspect of cost management is accurately calculating manufacturing overhead. This article covers methods and practical examples for calculating manufacturing overhead, emphasizing its importance in the ecommerce industry. Understanding Manufacturing Overhead in Ecommerce Manufacturing overhead refers to the indirect costs incurred during production that cannot be directly attributed to
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