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4 smart technologies modernizing sourcing strategy

IBM Supply Chain Blog

Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management. For example, the IBM Sterling Transaction Manager automates manual transactions between businesses and suppliers. Try out cognitive intelligence free for 30-days.

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Integrated Logistics — What You Should Know

Procurement Tactics

Thus, this will enable you to implement it in your supply chain. Integrated logistics, also known as integrated supply chain management, refers to the coordinated and seamless management of all the activities involved in the movement and storage of goods and materials. What is Integrated Logistics?

Logistics 207
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Global Supply Chain Management: Best Practices and Trends

HICX

It leaves those organizations that are not focused on the efficiency and robustness of their supply chains susceptible to disruption and revenue erosion. This has led to organizations investing capital in and spending time on optimizing supply chains to cut lead times, improve supplier performance and increase business profitability.

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The Role of Blockchain in SCM, with Examples

SCMDOJO

Integration of supply chains is widely helpful in lowering costs and increasing quality. Resource extension, quick marketing and increased customer retention are benefits of integrated supply chains. Like other systems, supply chains have some prominent areas with high vulnerabilities.

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4 strategic sourcing use cases to strengthen your supply chain

IBM Supply Chain Blog

Sourcing and procurement professionals operating with a strategic sourcing mindset assess a supplier’s quality, reputation and service. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability.

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6 Ways To Improve Your ECommerce Order Fulfilment!

Supply Chain Game Changer

For example, when a customer orders an item through your online shop, you must ship it to the buyer within a specific time frame to avoid cancellation. If possible, you should also consider investing in warehouse management software to help you track inventory and boost the efficiency of your inventory management processes.

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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

Enhancing supply chain resilience as well as supply chain visibility is crucial in today’s interconnected world. Supply Chain Resilience refers to a supply chain’s ability to withstand and recover from unexpected events.