Remove Real-time Visibility Remove Supplier relationship management Remove Supply Chain Visibility
article thumbnail

See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.

article thumbnail

The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them.

professionals

Sign Up for our Newsletter

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

article thumbnail

Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

This entire debate depends on robust management systems such as ERP and WMS. Such as: Real-time visibility into stock levels Visibility of stock location and movement When accurate and up-to-date information on the product quantity is available to a particular firm, it dramatically helps a company’s growth and reduces obsolescence.

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

Building Stronger Relationships: Effective Approaches to Multi-Tier Supplier Collaboration

Jaggaer

Tier 1 suppliers and their suppliers—and their suppliers’ suppliers—make up an organization’s multi-tier supply chain. Multi-tier supplier collaboration involves building transparency with and beyond your first tier suppliers.

article thumbnail

Predictive Procurement: Overcoming Challenges in Health and Pharma

Arkestro

To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue. Predictive Procurement Supports Supply Chain Resilience and Visibility.

article thumbnail

How To Navigate Supply Chain Challenges: Resilience and Adaptability in the Modern Business World

SCMDOJO

Port congestion at the main global crossroads in recent times has revealed the susceptibility of supply networks to logistical constraints. These templates offer a curated selection of legal documents and risk management frameworks that can be customized to fit the unique needs of your business.