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Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

link] The Importance of Adapting Supply Chains and Omnichannel Supply Chain Customers now anticipate a smooth experience across channels like online marketplaces, social media platforms, or physical stores. This integration ensures the visibility of inventory, efficient order processing, and synchronized fulfilment across all channels.

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Streamlining supply chain management: Strategies for the future

IBM Supply Chain Blog

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. It includes everything from product development and strategic decision-making to information systems and new technologies.

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Spend Management — The Ultimate Guide of 2023

Procurement Tactics

Spend management is an important process to reduce losses and mistakes. However, these manual processes are ineffective and cost a lot of effort, time, and money. Spend management usually includes strategic procurement processes such as category management, supplier management, inventory management, and product development. .

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Supplier Integration — The Ultimate Guide of 2023

Procurement Tactics

This collaboration includes idea generation, new product development, product concept development, large-scale production, and market testing. . If you have many suppliers, do not try to bring them all over to a new way of working at the same time. Why is it important? Set regular reviews.

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Big Data Analytics: What It Is and Why It Is Important

Planergy

How to gain visibility and control of your indirect spend. Big Data Analytics: What It Is and Why It Is Important. The algorithms then identify patterns and trends in the data that can help businesses make better decisions about their products and services. In other words, the data is processed as it comes in, in real-time.

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

Time is really important in business. Knowing how crucial time is for keeping customers happy and influencing what they buy, it’s clear that handling lead time (which means the time it takes to get things ready) is not just needed for business, but it also gives an edge in today’s competitive and complex economy.

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Inventory Management vs Product Information Management (PIM)

Supply Chain Game Changer

The list is long: Inventory management is handled through your ERP Your product development team works through the PML Sales and marketing are housed in the CRM And it feels like half the company is still managing product data in spreadsheets. Looking at the strengths, an ERP is well-suited for inventory management.