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Procurement 101: Your Essential Guide to Strategic Sourcing

World of Procurement blog

It involves identifying needs, sourcing potential vendors, obtaining quotes and proposals, negotiating contracts, selecting suppliers, managing relationships, and meeting obligations. Sourcing : Procurement uses competitive bidding, e-sourcing, and supplier development. What is Procurement?

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Supply Chain and Digital Innovation in the Wake of Covid!

Supply Chain Game Changer

Digital innovation in the wake of Covid article and permission to publish here provided by Ajay Jha. The cause for this success was the use of digital innovation and automation rather than the use of manual processes. This had impacted negatively on their source of income. However, some of them have seized growth opportunities.

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See Through Disruptions: How Supply Chain Visibility Builds Resilience

SCMDOJO

For example, one production company mapped their second tier of suppliers and realized that all of their strategic suppliers for a particular direct material sourced some components from a single production site, making them dependent on one source. Moreover, they also capitalize on the opportunity to capture market share.

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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. Subscribe Here!

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Unveiling the Intricacies of Warehousing in the Modern Economy

World of Procurement blog

This article serves as a comprehensive exploration into the world of warehousing, highlighting the nuanced differences and operational strategies within traditional warehouses, distribution centers, and fulfillment centers. The potential to optimize, to innovate, and to lead in the complex world of supply chain management.

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2022: The year of the drone delivery

Strategic Sourceror

With the supply chain better but not back to normal and carriers overworked by never-ending "next-day deliveries," retailers are turning to drone technology as a huge breakthrough when it comes to order fulfillment. retailer and providing customers with an incredibly fast – and innovative – option for delivery.

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Delivering Land Cargo On-Time Despite Labour Shortages!

Supply Chain Game Changer

Technology and innovation can help meet the demands, but that creates other jobs that require skilled workers to fully utilize. Consumers want fast, accurate, and direct shipments, leading less-than-truckload (LTL) carriers to adjust distribution networks to better address order fulfillment from multiple locations.