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Subscribe to SupplyChain Game Changer. The Fireworks SupplyChain! Over the past 15 months, we’ve been writing on the Argentus blog about the immense impacts that the COVID-19 pandemic has had on global supplychains – particularly, as you might expect of a recruitment firm, from the perspective of talent and skills.
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Next, supplier benchmarking is a really important lever: our customers see significant savings if they continuously review pricing. Ensure supply continuity This was number 1 on the 2023 list of priorities. We’ve also seen disruptions to supply with shipping being targeted in the Red Sea. Which are our strategic suppliers?
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The new supplier selection will be based on POC or prototypes, where the technical evaluation will prevail over price. The decision-making may involve plans to modify the product specifications, prices, terms, or vendors to enhance the product quality or reduce cost. My Udemy course "Adaptive Sourcing: Agile Procurement in Practice."
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It enables: Building stronger relationships with your key suppliers Competitive bidding, which optimises cost Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability Performing the appropriate pre-qualification of suppliers. Improvements to end-to-end supplychain efficiency.
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Each segment represents a specific piece of information, such as a customer’s name or a product’s price. Additionally, with EDI, businesses can better manage their supplychain by sharing demand forecasts and production schedules with suppliers, allowing them to optimize inventory levels and production capacities.
Evaluating non-price factors important to your organisational objectives e.g. quality, lead time, sustainability. Improvements to end-to-end supplychain efficiency. Integration with external, third party data for variables such as commodity pricing, ESG scores, credit checks, financial health and so on.
FRDM FRDM is a software company specialising in supplychain risk management. Their software is designed for multinational corporations managing complex supplychains. It helps large enterprises like Virgin, Coca-Cola, Boeing, and IBM map, monitor, and mitigate ESG risks across their global supplychains.
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Additionally, a pricing strategy is implemented, using optimal pricing theory to maximize revenue. Optimise Inventory Planning with this Free Inventory Ageing Report SupplyChainVisibility Real-time visibility into inventory levels and supplier performance can improve supplychain efficiency.
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