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What is Supply Chain Management? A Guide to Success

SCMDOJO

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

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The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

The ultimate goal of SCM is to reduce costs while satisfying customer demands. Effective SCM gives businesses an edge over the competition by being more responsive to demand changes and disruptions. Risk Mitigation SCM minimizes supply chain risks through careful planning and collaboration.

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Digital Transformation Journey in Supply Chain Planning

Solvoyo

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. . This includes internal and external data sources.

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Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

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Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. End-to-end scenario analyses require this visibility data as input.

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How Cognitive Learning Changes the Game in Supply Chain

Solvoyo

Simply, a cognitive supply chain model utilizes machine learning, which is a type of artificial intelligence that has been merged with advanced analytics. It helps quickly process and make sense of the vast amount of data coming from countless sources. Sources: [1] [link].