Better Supply Chain Visibility Begins with Better Data
Supply Chain Brain
FEBRUARY 5, 2023
Shippers must increase access to quality data, utilize digital technologies, and partner with providers with the right visibility tools and capabilities.
The Missing Step to Most Supply Chains that Increases Efficiency
SCMDOJO
JUNE 14, 2023
But before we get to that, let’s establish why supply chain visibility matters. Why Supply Chain Visibility Matters In the First Place Supply chain visibility refers to the ability to track and monitor products as they move through the supply chain.
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
Trending Sources
New Year Insights for the procurement solutions and services marketplace 2024: Supplyframe
Spend Matters
JANUARY 17, 2024
From planning a product, design and simulation, to optimizing a specific process across the supply chain, customer expectations for AI integration continue to evolve as new applications for supply chain automation are discovered.
Global Supply Chain — Everything About Supply Chain
Procurement Tactics
JUNE 5, 2023
Complexity Global supply chains are complex, involving numerous participants, resulting in increased costs and delays. This intricacy stems from factors such as geographical distance, cultural differences, legal compliance, supply chain visibility challenges, and the impact of political and economic instability.
How AI is delivering for American sailors in the chow line
IBM Supply Chain Blog
APRIL 3, 2023
I know that few things can make or break the morale of a crew, a fleet or an entire armed service quite like the quality of food coming out of the mess. And when crew favorites are in short supply or delayed because of logistical bottlenecks, commanders are right to worry about combat readiness.
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10 Key Issues The Hackett Group Says Will Impact Supply Chain Transformation in 2021
ivalua
FEBRUARY 24, 2021
“The impact of all of that is that organizations are actively creating geographical supplier diversity within their supply chains, to strike a better balance between cost reduction and agility,” he said. For many organizations risk has become not only an executive committee issue, but a board-level discussion,” he said.
Elevating Supply Chain Visibility through Effective Marketing
SCMDOJO
MARCH 19, 2024
Discover Ways to Boost Supply Chain Visibility through Digital Marketing Supply chain visibility is essential for providing a superior customer experience and sustaining customer loyalty over time. Customers face significant frustrations that erode brand trust and sales without supply chain visibility.
Strategic Procurement: 4 Tactics for Economic Recovery in 2021
ivalua
NOVEMBER 25, 2020
According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. .
Predictive Procurement: Overcoming Challenges in Health and Pharma
Arkestro
DECEMBER 12, 2022
It’s vital that supplies are predictable, so you can get the products and services you need. To address supplier challenges, you must ensure your preferred providers can meet your changing needs and that you have a diverse supply base. Supply Chain Visibility. Supply chain visibility is another critical issue.
What is Supply Chain Management? A Guide to Success
SCMDOJO
APRIL 29, 2024
A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices. Efficient production processes, quality control measures, and lean manufacturing techniques are crucial for optimizing productivity and minimizing waste.
How Machine Learning is Transforming Supply Chain Management
Una
APRIL 23, 2024
Why Do We Need Supply Chain Visibility? It can analyze factors including supplier performance, quality, pricing, delivery reliability, and even financial stability, to help you make informed decisions.
Webinar Recap: Procurement 2022, Big Trends and Predictions
ivalua
JANUARY 31, 2022
How can we mitigate technical, logistical, weather-related, and demand-driven supply chain disruptions? Organizations must shift focus toward strengthening their procurement processes and procedures to gain 100% supply chain visibility. Digital Transformation is the Top CPO Priority.
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The Dirty Little Secrets in Procurement!
Supply Chain Game Changer
OCTOBER 28, 2021
Lieferkettengesetz, and others) encouraging large/enterprise businesses to take responsibility for the entirety of their global supplier networks, increase tier-n compliance and combat poor supply chain visibility. Poor Data Quality, Scattered Tech Landscapes, Lacking Leadership Approval/Budgets. Data quality is pivotal.
Walmart Supply Chain: Building a Successful Integrated Supply Chain for Sustainable Competitive Advantage
SCMDOJO
AUGUST 16, 2023
This section delves into the key data-driven success factors that have propelled Walmart’s supply chain to the forefront of the retail industry. By employing RFID tags on products, Walmart can track the movement of inventory throughout the supply chain in real-time.
3PL Integration: Building an Expandable and Resilient Orchestration Solution
SCMDOJO
JUNE 14, 2023
Increased scalability: With 3PL integration, businesses can scale their operations quickly without sacrificing quality or customer service. It also helps Nike to improve its supply chain visibility and agility and reduce its environmental impact.
Procurement and Sustainability are Your Yin and Yang!
Supply Chain Game Changer
JULY 14, 2021
As seen below in the graphic taken from the Deloitte 2021 CPO Survey, one can easily determine that there is a large discrepancy in how KPIs central to sustainability & sustainable development (Diversity, risk/compliance, innovation, quality, etc.) Risk and Supplier Quality Reporting (Incidents, NCN, Quality Issues, etc.).
2023 supply chain and logistics management trends
EazyStock
JANUARY 6, 2023
Increased supply chain visibility Supply chain visibility, such as being able to track items from leaving your supplier to arriving in your warehouse and being delivered to the customer, facilitates a smooth supply chain. You can read more about demand forecasting techniques in our article.
2023 supply chain and logistics management trends
EazyStock
JANUARY 6, 2023
Increased supply chain visibility. Supply chain visibility, such as being able to track items from leaving your supplier to arriving in your warehouse and being delivered to the customer, facilitates a smooth supply chain. You can read more about demand forecasting techniques in our article.
Artificial intelligence and machine learning in supply chain management
EazyStock
JUNE 16, 2022
Having systems and processes in place to reduce the possibility and subsequent impact of supply chain issues is extremely important. Advancing technologies, such as artificial intelligence and machine learning, make connectivity and supply chain visibility easier. What is artificial intelligence?
What Is an Agile Supply Chain?
FourKites
JANUARY 7, 2021
A few universal characteristics of the agile supply chain model include: Accurate Information: The mantra of agile supply chain management is “You can’t control what you can’t see.” How to Improve Supply Chain Agility. Supply chain agility can be improved with the use of supply chain visibility software.
The Criticality of Procurement Training in 2023
NLPA (Next Level Purchasing Association)
JANUARY 17, 2023
If Procurement can impact everything from customer satisfaction and product & service quality to cash flows and profitability – shouldn’t it be on top of every team’s 2023 training list? Supply chains are becoming more and more complex, constrained, and daunting by the day.
5 Chilling Challenges Facing Procurement Today
Arkestro
OCTOBER 29, 2023
Diversifying suppliers, implementing supply chain visibility tools, and monitoring supplier performance are all crucial for banishing any lingering fears about supply chain’s effect on the procurement process.
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Data-Driven Procurement: Transparency is Essential, Not Optional
ivalua
OCTOBER 18, 2022
In the latest Procurement Leaders Report and Survey , we ask top-performing CPO’s how they’re prioritizing data-enabled supply chain visibility–and the changes that need to be made. While data quality cannot be perfected and some technological innovations aren’t quite ready for prime time, tremendous improvements are possible.
E-Commerce Needs These Supply Chain Systems !
Supply Chain Game Changer
SEPTEMBER 17, 2020
Supply Chain Systems article and permission to publish here provided by Dave Joseph at veridian.info. As evidenced by the most recent peak shipping season , the need for effective, high-quality logistics and warehouse management has never been higher. E-commerce will continue to grow significantly through 2020 and beyond.
How to Synchronize Your Supply Chain!
Supply Chain Game Changer
NOVEMBER 22, 2018
There should be quality checks done at certain points of the supply chain to ensure that the product is exactly where it needs to be before moving on to the next step. The best way to do this is to clearly define where your supply chain receives your data and make sure it’s the same source for everyone. Don’t Rush.
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How to Avoid Costly Errors in Supply Chain Management!
Supply Chain Game Changer
NOVEMBER 27, 2019
As something is used more and more, the quality will become less efficient. A big part of your supply chain process is to increase transparency. End-to-end supply chain visibility makes it much simpler to absorb and collect information. It is crucial not to lose focus of that.
Is Your Supply Chain A Cost Centre or a Value Creator?
Supply Chain Game Changer
NOVEMBER 19, 2018
From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. The Supply Chain arranges for the appropriate logistics, and negotiates terms and conditions with Suppliers, audits Suppliers, and deals with quality strategies and issues. Brand Promotion and Protection.
Towards stronger, better supplier relationships in 2022
Zycus Cognitive Procurement
FEBRUARY 14, 2022
Here we’ve listed some of the top ones: Reputational risk: Who your supplier is, the quality of their process, the final service/product delivered by them – any failings in any of these can damage your organization’s reputation. Some costly-to-ignore risk areas. Shaky vendor relationships can expose an organization to many challenges.
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Three Ways Procurement Can Drive Sustainability Through the Supply Chain
SupplyShift
APRIL 13, 2021
According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.
Three Ways Procurement Can Drive Sustainability Through the Supply Chain
SupplyShift
APRIL 13, 2021
According to Deloitte’s 2020 Chief Procurement Officer Survey , only 50% of organizations had high visibility into their tier one suppliers, and a staggering 90% reported low or very low visibility beyond tier one. Fortunately, when companies prioritize supply chain visibility, the benefits extend far beyond sustainability itself.
7 Ways to Improve Supply Chain Visibility
Supply Chain Opz
OCTOBER 14, 2013
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supply chain visibility. In this article, we will explore the basic concept and propose ways that you can use to create the better visibility. The answer is NO.
“Moneyball” and Your Business
Supply Chain Action Blog
MARCH 25, 2015
In your business, you strive to make the highest quality decisions today about how to run your business tomorrow with the uncertainty that tomorrow brings. In an effort to do this, many companies have invested, or are considering an investment, in supply chain intelligence or analytics software.
Complete Guide to Procurement in Construction
World of Procurement blog
APRIL 23, 2024
Key Areas in Construction Procurement: Materials Procurement: Ensuring quality and timely delivery of construction materials. Quality Control: Sourcing materials and labor that meet quality and safety standards creates an additional layer of due diligence. Cost Management: Budgeting and tracking expenses related to procurement.
Complete Guide to Procurement in Construction
World of Procurement blog
APRIL 23, 2024
Key Areas in Construction Procurement: Materials Procurement: Ensuring quality and timely delivery of construction materials. Quality Control: Sourcing materials and labor that meet quality and safety standards creates an additional layer of due diligence. Cost Management: Budgeting and tracking expenses related to procurement.
Introducing a Cryptocurrency for the Food Supply Chain
Supply Chain Brain
FEBRUARY 12, 2018
This time, it’s designed for the food supply chain, with an emphasis on achieving transparency and security between partners. company specializing in traceability and quality-control systems. That can prove to be a valuable tool in the food supply chain, where product quality and a full record of provenance are essential.
Part Shortages? What is your Supply Line Strategy?
Supply Chain Game Changer
NOVEMBER 15, 2018
It could be bad forecasting, poor order management tracking, failure to deal with supplier issues, inaccurate parameters, or lack of supply chain visibility. Occasionally there were other issues such as lost parts, late part deliveries, supplier quality issues and cycle counting discrepancies.
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48 7 Ways to Improve Supply Chain Visibility
Supply Chain Opz
OCTOBER 14, 2013
In recent years, the auto-id technology such as bar code and RFID together with the electronic data transmission are considered the holy grail of supply chain visibility. In this article, we will explore the basic concept and propose ways that you can use to create the better visibility. The answer is NO.
The Reality of Automation in Procurement!
Supply Chain Game Changer
NOVEMBER 16, 2022
Although other factors – such as supplier selection and management, quality management, and service management – make up a good procurement plan, cost management is still one of the most critical factors. It helps establish a KPI framework on cost, quality, and on-time performance of the suppliers. Real-time data and analytics.
Experts Discuss How to Streamline Global Supply Chain
Supply Chain Opz
NOVEMBER 9, 2014
Ultimately, effective SRM can increase supply chain visibility, improve quality and supply consistency, drive down costs, improve customer service, create a higher mix of strategic versus active suppliers, and make an organization more competitive. What can you do?
Executive's Guide to Supply Chain Research
Supply Chain Opz
OCTOBER 29, 2013
And when developers incorporate these concept and try to solve the problems using various technologies, supply chain visibility solutions was born, the clear example of "Action Research". Even though the name implies a subject about social science, there are many high quality articles about logistics and supply chain management.
How Do Companies Name That Price? A.I. Can Help
Supply Chain Brain
MAY 7, 2018
It’s that latter quality that applies to data-heavy disciplines such as pricing. Such a quality is of increasing importance to organizations today, given the rapid pace of global commerce. On one hand, A.I. can generate “expert systems” that seek to replicate the knowledge of seasoned veterans in a given field.
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40 A Journey to the Cloud Enables the Push to a Digital Supply Chain
Supply Chain Brain
JULY 9, 2018
Schneider Electric needed a coherent messaging platform that could ensure the quality of data moving across the supply chain in a connected fashion. “We We wanted to freely share and exchange data to become more agile and responsive, and get visibility to what was happening upstream and downstream with supply and demand.”
Building resilient healthcare supply chains
IBM Supply Chain Blog
JUNE 30, 2023
In the healthcare supply chain, there are three main challenges pharmacies, hospitals, pharmaceutical companies and patients are facing: shortages and delays; lack of convenient and cost-effective fulfillment options; and rising counterfeiting and regulatory changes, along with a persistent need for better drug cold chain management.
How Blockchain Could Create the 'Autonomous Container'
Supply Chain Brain
FEBRUARY 26, 2018
billion data points about the supply chain, according to chief executive officer Richard Ettl. In addition to keeping tabs on product quality, the information can be used to make decisions about where to route a container so as to minimize transit time and potential product damage.
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