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Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement

Una

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement Explore the nuances between offshoring and other approaches to procurement and how each one can impact the bottom line, supply chain resilience and overall strategic objectives.

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13 Important Roles of Data Analytics in Supply Chain Optimization

SCMDOJO

By analyzing supply chain data, businesses can detect anomalies, potential risks, and deviations from their standard operating procedures. By doing this, they can make corrections fastly which will help avoid costly disruptions and improve supply chain resilience.

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Supplier Collaboration Software — What You Should Know

Procurement Tactics

Shared value creation Supplier collaboration fosters shared value creation through enhanced innovation, improved operational efficiency, and supply chain resilience. Supplier collaboration also leads to long-term commitment as both parties recognize the value derived from collaboration.

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4 Predictions on Procurement’s Top Trends in 2023

Arkestro

At the same time, they’ll need to watch and prepare for future economic downturns and supply chain disruption. Particularly for procurement, there will be increased reliance on tools and services that can create and foster supply chain resilience, cost optimization, and agility,” Mellot added.

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What is supply chain resiliency?

IBM Supply Chain Blog

According to Geraint John , Vice President Analyst with the Gartner Supply Chain practice, “Supply chain executives overwhelmingly recognize the necessity to make their networks more resilient and agile.” In this blog, let’s explore best practices that drive supply chain resiliency with this definition at the core.

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Supply Chain Management Trends 2019

EazyStock

But these additional warehouses and storage facilities need to be cost optimized to really reap the reward of distributed inventory, which puts focus on accurate demand forecasting among other inventory management techniques. Supply Chain Resiliency and Risk Management. Digital Twin.