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Supply Chain News Roundup: Boeing Machinists End Strike – Institute for Supply Management News

Let's Talk Supply Chain

Additionally, the Institute for Supply Management ‍(ISM) news highlighted the growing focus on sustainability and ethical sourcing within supply chains. companies are increasingly prioritizing environmentally friendly practices and ensuring that their suppliers adhere to ethical standards.

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Supplier Collaboration: Driving Innovation and Competitive Advantage

Jaggaer

A major pharmaceutical company might collaborate closely with its suppliers, distributors, healthcare providers, and consultants specializing in ethical best practices. This not only helps avoid stockouts but also reduces the need for excessive inventory, reducing overage and storage costs.

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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Supply chains are vital to businesses, facilitating the movement of goods, services, financial flows, and information. Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. However, they are also susceptible to disruptions and risks.

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Supply Chain & Logistics News January 20th – January 23rd – Logistics Viewpoints

Let's Talk Supply Chain

Furthermore, supply chain resilience continues to be a top priority for businesses, with an emphasis on diversifying sourcing locations and building agile, responsive supply networks.

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Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

This resilience can be defined as “ the ability of a central procurement and supply management function to prepare for unexpected events, respond to disruptions, recover, and emerge even stronger. ” Manufacturers cannot foresee every risk, inconvenience, or disaster, but they can equip themselves to handle the unexpected and come out on top.

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13 Important Roles of Data Analytics in Supply Chain Optimization

SCMDOJO

This helps them optimize inventory levels and avoid overstocking or understocking. This has proven to improve cash flow since businesses avoid extra costs by excess inventory supply, and they also avoid not having enough products on hand. By having an optimized supply chain, they help keep their customers satisfied.

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The Rise of Women in Supply Chain: Career Choice

SCMDOJO

Embracing diversity as a strategic advantage in the supply chain industry is not only the right thing to do ethically but also a smart business decision that drives innovation, growth, and sustainable success. Why Supply Chain is a Great Career Choice for Women?