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Beginners Guide to Supply Chain Management

World of Procurement blog

While 'supplier' may refer to any level in the supply chain, 'vendor' often implies the final distributor before goods reach the consumers. A manufacturer is a party in the supply chain that transforms raw materials into finished products. What Is Supply Chain Management?

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Beginners Guide to Supply Chain Management

World of Procurement blog

While 'supplier' may refer to any level in the supply chain, 'vendor' often implies the final distributor before goods reach the consumers. A manufacturer is a party in the supply chain that transforms raw materials into finished products. What Is Supply Chain Management?

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Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement

Una

Avoiding a one-size-fits-all approach, it aims to identify the “right” location or mix of locations for sourcing based on factors like cost, quality, lead times, and risk mitigation. Procurement teams must evaluate and address potential risks such as geopolitical instability, transportation disruptions, or supply chain vulnerabilities.

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The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

What is Supply Chain Management (SCM) Supply Chain Management (SCM) is the management of the flow of goods, services, information and finances as they move from raw materials to final product, from manufacturer to consumer. Digitization, automation, and robotics promise to bring higher productivity.