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How is technology transforming global sourcing ?

Claritum

However, you could also face many challenges when globally sourcing 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 global sourcing operation.

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Episode 137: Using Visibility to Combat Supply Chain Abstraction with Frank Kenney

Una

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.

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Strategic Sourcing Essential Techniques for Sustainable Success

Empowering CPO

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.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Near-sourcing, in addition to lowering emissions, also cuts transportation costs and delivery times. And global sourcing provides businesses with access to less expensive resources in low-cost regions. IBM® Trust Your Supplier , for example, uses AI to continuously monitor suppliers’ regulatory compliance.

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The 10 Hottest German Procurement Startups

Procurement Software

At the same time, it also provides AI-powered management of contractual obligations and deliverables. Along with a cloud-based supplier search engine that aims to fully automate global sourcing. Its use case-driven software aims to save you time and money by accelerating decision-making for procurement teams.

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What to Look for in a Managed Procurement Services Provider

Empowering CPO

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.

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The History and State of Vehicle Routing!

Supply Chain Game Changer

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. Various constraints were modelled including capacity, travel time, availability, etc. The goal is to minimized total costs (eg.