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EPISODE 137 Using Visibility to Combat Supply Chain Abstraction with Frank Kenney By Kelly Barner | October 18, 2023 In the race to build global empires of data and digital systems, today’s businesses must not risk forgetting what all of those zeroes and ones mean.
However, you could also face many challenges when globallysourcing across geopolitical boundaries. Your business could struggle to achieve visibility of its global supply chain. Fortunately, technology is revolutionising the way organisations can process and track every stage of their globalsourcing operation.
Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. And globalsourcing provides businesses with access to less expensive resources in low-cost regions. Strategic sourcing : Getting started Strategic sourcing processes vary by business, industry, geography and more.
Procurement, which refers to the process of finding, acquiring, and buying goods, services, or works from an external source, often via a tendering or competitive bidding process, plays a critical role in determining a company’s efficiency and profitability. This is where managed procurement services come into the picture.
Do you have a Freight Management Strategy or are you Spinning your Wheels? And with customers expecting solid commitments on when their orders will be delivered the need for high order precision in understanding vehicle route times has never been more critical. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Procurement market intelligence is a key pillar of it, providing organizations with real-time information on supplier capabilities, emerging trends, and potential risks. This intelligence empowers decision-makers to proactively adapt their sourcing strategies, ensuring resilience and agility in the face of market fluctuations.
Inhubber Inhubber is a contract management and digital signature platform powered by blockchain and AI. It simplifies contracts, making them easy to understand, manage and interact with. At the same time, it also provides AI-powered management of contractual obligations and deliverables.
This misalignment can trigger the Bullwhip Effect as upstream players overcorrect their production or inventory levels, leading to amplified disruptions. Companies can mitigate the risks associated with the Silent Slope and the Bullwhip Effect by improving data transparency, real-time communication, and forecasting accuracy.
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