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What is Supply Chain Management? A Guide to Success

SCMDOJO

Are you interested in understanding how businesses effectively manage their supply chains? Look no further – this guide is here to help you grasp the fundamentals of supply chain management (SCM) and how it can lead to success. It encompasses activities such as procurement, supplier selection, and evaluation.

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2022 Logistics and Supply Chain Management Trends

EazyStock

The past few years have seen unprecedented supply chain challenges largely stemming from COVID-19 disruptions. Consequently, companies are becoming more focused on anticipating, reacting to, and planning for the unexpected through their supply chain strategies. Supply Chain Digitalization.

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Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. Now as I look back on my career virtually everything I did falls under the banner of Supply Chain management. Subscribe Here!

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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

Procurement refers to the business processes involved in acquiring goods, services, and work from external suppliers. It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations.

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The Future of Spend Analysis: Trends to Watch Out For

Empowering CPO

By embracing these trends, businesses can unlock a world of opportunities, drive cost savings, enhance supplier relationships, and ultimately achieve procurement excellence. Procurement data encompasses a wide range of information, including historical spend, transaction details, contracts, supplier information, and market intelligence.

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How Can I Improve My Forecast Accuracy?

Supply Chain Action Blog

After a short stint in manufacturing process engineering in another industry, she got interested in the business side of things and moved into supply chain planning, starting in demand planning. And, anyway, forecasts will always be wrong, they will always change, and the demand planner will always take the blame.

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Do You Want Inventory Turnover Breakthrough? Define and Manage The Levers!

Supply Chain Game Changer

Taking a holistic approach in order to achieve Inventory Turnover Breakthrough results meant that I needed to consider the End To End Supply Chain. Supply/Demand Planning. A critical Input Control lever was improving the synchronization between Supply Planning and Actual Demand.