Remove Procurement strategies Remove Real-time Visibility Remove Supply chain management
article thumbnail

Integrated Logistics — What You Should Know

Procurement Tactics

Thus, this will enable you to implement it in your supply chain. Integrated logistics, also known as integrated supply chain management, refers to the coordinated and seamless management of all the activities involved in the movement and storage of goods and materials. What is Integrated Logistics?

Logistics 207
article thumbnail

AI in Logistics – The Ultimate Guide

Procurement Tactics

AI in logistics refers to the use of AI-powered solutions to optimize supply chain management, improve decision-making and enhance customer experience. The use of AI in logistics is becoming an essential element of supply chain management as the industry becomes more complex as it is.

Logistics 193
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retail Supply Chain — Everything You Should Know

Procurement Tactics

However, what is the retail supply chain? This article will discuss what a retail supply chain is. We will also tackle retail supply chain management and its importance. Once you finish reading this article, you will have a deeper understanding of the retail supply chain.

article thumbnail

Supplier Order Management Software – Everything You Should Know

Procurement Tactics

Procurement Strategy Take the lead with our proven 5-step procurement strategy 3. Sustainable Procurement Maintain high profitability while moving toward sustainability 4. ChatGPT & AI Use ChatGPT to automate procurement processes 5. Establishing this system may require your time and effort.

article thumbnail

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.

article thumbnail

Inventory Forecasting — Everything You Should Know

Procurement Tactics

The Importance of Forecasting Your Inventory Imagine you are the owner of a bustling retail store, offering a wide range of products that customers love. Your goal is to keep your shelves stocked with the right amount of inventory at all times. Trend Forecasting Trends represent changes in product demand over time.

Inventory 170
article thumbnail

4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers. This helps reduce errors to improve data quality and response times to questions, which improves customer and supplier satisfaction. How is sourcing strategy different than procurement strategy?