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Supplychainvisibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supplychain. By having a clear view of their entire supplychain, businesses can identify potential issues and take steps to mitigate them.
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 businessstrategy and inventory management. Embrace Technology.
Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supplychain networks. We believe many practices in global supplychainmanagement can be applied in every industry. These are three examples: Rule 3.1:
Learn more about how customer services contributes to the ROI of Real-Time Transportation Visibility. Why is the customer-focused supplychain important? This is one of the driving forces behind businesses like Uber, Amazon Prime, Grubhub and Hello Fresh. SupplyChainVisibility. Constant Feedback.
Global supplychains are subject to countless varieties of risk, in the form of geopolitical instability, economic uncertainty, ever-changing regulations and a host of other issues related to globalization.
is seeping into virtually every industry, and logistics isn’t immune. Imagine systems that can sift through huge volumes of information to formulate “smart” recommendations as to routes, scheduling and pricing. Their capabilities would far exceed those of the human brain. But will carriers be able to take advantage of the output?
You’d be hard pressed to find a major industry today that isn’t talking up blockchain as a cure-all for the ills of global supplychains. The idea of a virtual, distributed ledger that can serve as an indelible system of record for any number of business transactions between supply-chain partners — well, it’s irresistible.
While they might embrace the underlying concept of the IoT, they’re dubious about their ability to manage the resulting flood of data in a meaningful way. A fair number of companies are leaning toward the latter view. How, for example, can they distinguish between information that’s relevant to the organization, and that which is useless?
of course, has the potential to affect multiple stages and functions of the supplychain. That, at least, is how Geoff Webb, vice president of product marketing with PROS , sees the application of A.I. to the complex exercise of pricing.
The FCPA was enacted in 1977 to punish businesses for paying bribes to foreign government officials. The law is global in scope, and affects multiple parts of the supplychain. Penalties can be severe, involving multi-million-dollar fines and even jail sentences for violators.
A series of social compliance audits had failed to uncover structural problems in the five-story Rana Plaza building, which collapsed on April 24, 2013. Just hours after workers were threatened with termination if they failed to enter the facility.) It was reportedly the deadliest garment-factory accident in history.
In a typical global supplychain, involving multiple tiers of production, the chances of failure are alarmingly high. Just about every major manufacturer has a supplier code of conduct to ensure that workers are treated humanely. Too often, however, those documents fail to prevent unacceptable working conditions.
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