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Reducing Inventory Waste Through On-Demand Production

SCMDOJO

Companies often overproduce to hedge against demand swings, yet end up with shelves of unused goods. This is where On-Demand Production comes in plat A smarter approach is taking shape. Manufacturers are shifting to on-demand production to align output with real-time demand. But in volatile markets, they often backfire.

Demand 95
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The power orchestration play: Supplier management

Spend Matters

Because they are embracing orchestration capabilities to coordinate supplier facing processes across business units and functions and adding value within those orchestrated workflows. Value generation : Beyond savings, orchestrated procurement focuses on innovation, supplier enablement and enterprise agility. AI suggests actions.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

Suppliers 246
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The 3% myth: Why suppliers are willing to pay for virtual cards

Spend Matters

These virtual cards enhance control and visibility over spending while simplifying the payment processes for suppliers and vendors. The surprising truth behind a 3% fee Imagine youre a supplier juggling tight margins, long payment cycles, and increasing operational demands. But to understand why, we need to unpack the myth.

Suppliers 108
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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Supplier Diversity on the World Stage.

Suppliers 246
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Supplier Assessment — Embracing Sustainability in Procurement

Procurement Tactics

18 Must-Have Negotiation Skills For Procurement Professionals Download Course Details →  Or receive our famous weekly newsletter Supplier Assessment — Embracing Sustainability in Procurement Supplier assessment is needed when selecting the right supplier to achieve sustainability in your procurement process.

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Sustainable Suppliers — Everything About Sustainability

Procurement Tactics

We will tell you about sustainable suppliers and how to select one. Additionally, we will share with you how to get a clear idea of your position within the market Once you are done reading this article, you will have a better knowledge of the role of sustainable suppliers to achieve sustainability within your procurement processes.