article thumbnail

The Importance of Supply Chain Visibility for Procurement

NLPA (Next Level Purchasing Association)

Supply chain visibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supply chain. By having a clear view of their entire supply chain, businesses can identify potential issues and take steps to mitigate them.

article thumbnail

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. delivery reliability”), but is that really “supply chain thinking”?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

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 supply chains. 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.

article thumbnail

How to Conduct a ?Health Check? on Your Supply Chain

Supply Chain Brain

Global supply chains 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.

article thumbnail

Fighting Bribery and Corruption in Global Supply Chains

Supply Chain Brain

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 supply chain. Penalties can be severe, involving multi-million-dollar fines and even jail sentences for violators.

article thumbnail

How Do Companies Name That Price? A.I. Can Help

Supply Chain Brain

of course, has the potential to affect multiple stages and functions of the supply chain. When being applied to business and the supply chain, however, it takes on a different form — one that’s both more and less “human” in nature. In its purest form, A.I. At the same time, an A.I.-driven

Price 40
article thumbnail

Strategies for Embracing the Internet of Things

Supply Chain Brain

In the end, he says, the IoT will prove essential to meeting the rising expectations of customers and business partners, while breaking down the organizational silos that hamper cooperation between various functions. You need to create visibility across the entire supply chain,” Sastri says. Comment on this article.