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Furthermore, companies that are doing ongoing product hierarchy work, like streamlining SKUs across their business, would be wise to think about how they could include this data traceability work at the same time, as doing the work in tandem could reduce costs significantly. How can you be intentional with your solutions?
In todays highly competitive market, where there is an expectation of rapid delivery, every link in the supplychain is critically important to ensure that products are manufactured efficiently, and waste is minimized. Risk & sustainability management monitors geopolitical, environmental, and supplier-related risks.
Sustainability SCM plays a key role in corporate sustainability initiatives by reducing carbon emissions in transportation and promoting ethical sourcing. It enables greener and more sustainable business operations. Ongoing risk monitoring, control towers, and supplychainvisibility enable rapid response.
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