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Yet the complex supplychains behind those therapies are increasingly vulnerable. A System Under Strain The fragility of the medication supplychain isn’t theoretical; it’s happening in real time. In a 2022 ASHP survey, 99.7% of pharmacists reported experiencing shortages of critical sterile injectables.
Leveraging Lean Procurement. By Hugo Britt | September 6, 2022. What is lean procurement? Lean procurement” can mean several different things depending on who you ask, but the common thread connecting every definition is the core concept of doing more with less. Benefits of lean procurement. Create strategic focus.
Subscribe to SupplyChain Game Changer. The SupplyChain Renaissance Has Begun! Strategies to improve your SupplyChain article and permission to publish here provided by Claire Glassman. The supplychain is a significant part of your overall business strategy and inventory management.
Subscribe to SupplyChain Game Changer. The Importance of a Strong SupplyChain and Logistics Strategy! A supplychain is made up of an interconnected network of suppliers that all function together to deliver products or services to customers efficiently. DemandPlanning. Subscribe Here!
Among these strategies, the role of supplychain capability stands out as a key factor in driving success. A well-optimized supplychain not only ensures efficient delivery and cost-effectiveness but also provides companies with a competitive advantage in the market.
The past few years have seen unprecedented supplychain challenges largely stemming from COVID-19 disruptions. As 2022 takes hold, many of the same challenges are present. Consequently, companies are becoming more focused on anticipating, reacting to, and planning for the unexpected through their supplychain strategies.
By Hugo Britt | August 2, 2022. Benefits include cost savings, risk reduction, efficiency gains, transparency, agility, customer satisfaction, employee engagement, and much more. Benefits of Cloud-Based SupplyChain Management. 5 Technology Trends in Procurement. Technology trends in procurement. Self-service.
Today I’m joined by GAINS , a long-standing supplychain tech company that is on a mission to democratize supplychainplanning, with a platform that helps businesses large and small to move forward faster with greater agility, resilience, confidence, and sustainability. The G in GAINS is for general.
In 2022, procurement faced challenges on multiple fronts. Among them were supplychain disruptions , inflation, and supply scarcity and shortages. Disruptions became so common Collins Dictionary named 2022’s word of the year permacrisis. The SupplyChain Will Continue to Heal. should-be cost models.
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