Sat.Aug 10, 2024

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Adaptability and Resilience: The Twin Pillars of Sustainable Success

Supply Chain Queen

Sustainability strategies often revolve around two key concepts: adaptability and resilience. Both are crucial for creating sustainable systems, but they approach challenges in different ways. Here’s a breakdown of how each strategy works: Adaptability Adaptability focuses on the ability of a system or organization to change in response to new conditions.

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Enhancing Logistical Efficiency: Strategies for Improvement

SCMDOJO

The freight industry operates within a complex network characterized by numerous inefficiencies. To optimize operations, reduce costs, and minimize environmental impact, a multifaceted approach is required. This article explores key strategies for enhancing logistical efficiency and thus improving profitability and reducing cost. Logistical Efficiency in Sourcing, Distribution, and Delivery Local Sourcing: While offering potential environmental benefits, local sourcing introduces complexities l

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How Procurement Consultants Enhance Business Success

Procurement Freelancers

Emerging businesses are always under pressure to streamline their processes, save expenses, and maintain a… The post How Procurement Consultants Enhance Business Success first appeared on Procurement Blog | Procurement & Supply Chain News.

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Procurement: it’s time to get out of the Gen AI weeds!

Procurement Insights

Karthik Rama – Procurement Doctor — that’s a great list. Of course, the solution provider should know as much, if not more, about the business and procurement than the prospective client. Here is an example of what I am talking about – [link] I am concerned that providers like the one I mentioned in this post—the ones in which the founders actually worked in procurement and supply chain—are like fine Kentucky Bluegrass being choked out by the weeds of Generative AI hype.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.