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How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

For example, after completing a module on supply chain analytics, a student might receive detailed feedback on their data interpretation and decision-making processes. Conversely, a student leaning toward supply chain analytics could engage with advanced courses in data science, predictive modeling, and optimization techniques.

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Cost Performance Index (CPI): What is it and How to Calculate it?

SCMDOJO

Below are some key areas where CPI can improve supply chain efficiency: 1. Procurement Cost Efficiency CPI can track procurement cost efficiency by comparing budgeted vs. actual spending on raw materials and supplies. Example: If a company planned to procure materials worth $100,000 but ended up spending $120,000.

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Future-Proofing Supply Chains with Analytics-Driven Leadership

SCMDOJO

For professionals looking to deepen their understanding of analytics, the Supply Chain Analytics : Concepts, Techniques, and Applications guide by SCMDOJO is a comprehensive resource. Why Visibility Matters More Than Ever Visibility across the supply chain is foundational to agility.

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How AI and Automation are Transforming Manufacturing Supply Chains

Jaggaer

The Manufacturing Supply Chain Journey through AI and Automation Manufacturing Supply Chains Explained The manufacturing supply chain comprises all the processes a business uses to turn raw materials and components into final products that are ready to be sold to customers, whether these are consumers or other businesses.

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What is Supply Chain Management? A Guide to Success

SCMDOJO

Sign Up for SCMDOJO Pro Membership Importance of Effective Supply Chain Management Supply chain management is not just about moving products from point A to point B – it’s a strategic approach that encompasses the entire network of processes involved in delivering goods and services to customers.

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7 Technologies to Optimize Supply Chain!

Supply Chain Game Changer

Leveraging relevant technology in the supply chain from the moment your suppliers bring in raw materials, during storage of the materials and manufactured products in the warehouse, and distribution of products to the final consumer can increase efficiency, boost production, reduce time wastage and improve business revenues.

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How Analytics Can Cure Supply Chain Woes!

Supply Chain Game Changer

Fortunately, the newest versions of analytics or big data are already demonstrating their potential for helping move merchandise and raw materials from Point A to Point B, wherever those points happen to be. What are the most cost-efficient techniques for beating the shipping logjam at its own game?