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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. Optimized supply chains lead to improved profit margins.

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History and Evolution of Supply Chain and Logistics

SCMDOJO

In the current era, it is clear that new modes of production are concomitant with new modes of distribution, which advances the field of logistics, the science of physical distribution or even supply chain management. Reminder of Key Definitions – Logistics & Supply Chain Management. Rider (1970)).

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Digital Transformation Journey in Supply Chain Planning

Solvoyo

For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . Considering this surge in digital transformation and the changing needs of 2021, here are some insights and tips for embarking on Supply Chain Digital Transformation projects.

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Value-add : Procurement aims to add value by optimizing processes, consolidating spend, and building supplier relationships. Order Fulfillment Once a contract is signed, the supplier begins delivering goods or services as per the agreement. Conduct supply chain audits and due diligence on high-risk categories.

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An Incredibly Easy Way to Get “YES” in the Supply Chain Operations – Concurrent Planning

Solvoyo

Supply Chain is a core business function tasked to manage multiple business operations such as production, inventory, order fulfillment, and transportation simultaneously. In fact, the supply chain people are expected to be super-heroes. How can they manage all this simultaneously?

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How Artificial Intelligence (AI) Will Change Decision Making for Businesses!

Supply Chain Game Changer

From The Terminator to Blade Runner, pop culture has always leaned towards a chilling depiction of artificial intelligence (AI) and our future with AI at the helm. What you get is optimized scenarios that maximize revenues. Check out Supply Chain 4.0! Disruptive Technologies = Digital Supply Chain!