article thumbnail

How AI and Automation are Transforming Manufacturing Supply Chains

Jaggaer

In todays highly competitive market, where there is an expectation of rapid delivery, every link in the supply chain is critically important to ensure that products are manufactured efficiently, and waste is minimized. Manufacturers cannot control inflation, but they can reduce costs by optimizing their procurement strategies.

article thumbnail

Supply Chain Planning — The Ultimate Guide of 2022

Procurement Tactics

Components of Supply Chain Planning . The chance of producing and stocking sufficient inventory improves when you accurately forecast demand for a product. . Supply chain planners look carefully into historical customer behavior, sales, market conditions, and other factors to effectively forecast the demand. .

article thumbnail

Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement

Una

Rightshoring considers the specific needs and goals of the organization to create a tailored procurement strategy. Understanding the difference between offshoring, onshoring, nearshoring, and rightshoring is crucual for any procurement professional looking to build a comprehensive sourcing strategy.