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What is Supply Chain Management? A Guide to Success

SCMDOJO

Sourcing: Sourcing is all about finding reliable suppliers, negotiating contracts, and managing relationships. It encompasses activities such as procurement, supplier selection, and evaluation. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

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The Supply Chain Management Playbook: Your Game Plan for Operational Success

World of Procurement blog

Core Phases of Supply Chain Management Supply chain management involves five core phases that are coordinated to enable the flow of products, information, and finances between a company and its suppliers, manufacturers, logistics providers, retailers, and customers.

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Digital Transformation Journey in Supply Chain Planning

Solvoyo

Second Step: Ensure data quality and consistency as they are the essential factors in driving automation. If your planning platform has inaccurate data and you don’t have visibility on the data’s quality, you will need to keep the outputs. Having up-to-date supplier lead times. Having accurate stock-out data.

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How Cognitive Learning Changes the Game in Supply Chain

Solvoyo

Long-term visibility on excess or unproductive inventory: This will enable forecast accuracy improvements over time. This increases the quality of interaction reduces lag time and communication. When we talk about supply chain visibility, it does not simply mean visibility into your own supply chain.