The Thomas Blog

SEPTEMBER 6, 2022

But many major food and beverage (F&B) companies have shown that they are not as nimble as smaller companies when it comes to adapting to consumer preferences and there are still challenges the food and beverage industry faces. Consumer Demands of Millennials & Gen Z. Company Acquisitions To Supercharge The Industry.

Consumer demands 105

Consumer demands Supply Chain Efficiency Buyers Demand 105

Skill Dynamics

JULY 8, 2022

An efficient supply chain management system is a necessity to the majority of organizations. It can result in competitive advantage as it helps to provide precise information to suppliers allowing them to maintain a continuous flow of products to customers. Demand information. So what causes the bullwhip effect?

Supply Chain Efficiency 52

Supply Chain Efficiency Supply chain Quantity Supply 52

Positive Purchasing

DECEMBER 6, 2023

Consumers are discerning and are increasingly demanding evidence, so woe betide the brand that talks the talk but fails to walk the walk! Inevitably, there are some supply chains that are riskier than others. If food waste were a country, it would be the third biggest contributor to greenhouse gas emissions!

Sustainability 64

Sustainability Price Supply Chain Efficiency Agile and Lean Supply Chain 64

SCMDOJO

FEBRUARY 13, 2023

To get the most out of any procurement team, all the associated key roles need to be filled with qualified individuals that understand both technology and the principles of supply chain management. Procurement, on the other hand, encompasses all the steps involved in acquiring goods, services, and works from external suppliers.

Procurement 87

Procurement Chief Procurement Officer supply chain budgeting Supply Chain Efficiency 87

Positive Purchasing

DECEMBER 6, 2022

In supplier relationship management (SRM), the fundamental question we ask ourselves is, ‘What do we need from our supply base?’. Surely our requirements are to have products or services supplied to the correct specification at the right time and at an acceptable price? Not all catastrophes can be avoided.

Sustainability 52

Sustainability Supply Chain Efficiency Supplier relationship management Innovation 52

TYA Suite

DECEMBER 16, 2022

Besides this, inventory management practices try to streamline inventories from raw components to finished products efficiently. JIT also helps in reducing insurance and storage costs along with liquidating costs or excess inventory discarding efficiently. On the other hand, to some extent, JIT is considered risky.

Inventory 64

Inventory Import Management Inventory planning 64

Supply Chain Game Changer

MARCH 6, 2019

Subscribe to Supply Chain Game Changer. Organizations are ‘going carbon neutral by 2025’, and ‘implementing Artificially Intelligent business systems’ and ‘sourcing form solely environmentally friendly suppliers’. A report in 2016 by GT Nexus, “showed there is a demand for ethically and sustainably sourced products.

Procurement 50

Procurement Procurement team Supply Chain Efficiency Innovation 50