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Subscribe to SupplyChain Game Changer. The Digital SupplyChain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of SupplyChains article focuses on transformative ideation of transport & logistics value chains. The physical supplychain is not easily changeable.
Supplychainvisibility is essential for successful procurement, as it enables businesses to proactively manage risks and optimize their supplychain. By having a clear view of their entire supplychain, businesses can identify potential issues and take steps to mitigate them. million, up from $1.9
Subscribe to SupplyChain Game Changer. Once treated as an “add-on” to full-time commitments, project management has evolved into a separate area with its theoretical background and methods. These activities always require a balance between certain elements: purpose, time, price, and quality. ”. Subscribe Here!
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Gaining Visibility and Control. There are unique challenges and opportunities presented by complex, frequently ordered categories of Indirect expenditure, such as marketing services, print, packaging, uniforms & apparel, office supplies and related products and services. 3 Gaining Visibility and Control. Introduction.
Only 6% of companies report full visibility on their supplychain , while 69% do not have total visibility. Effective spend analysis is crucial for gaining visibility into procurement spending. Visit NLPA Learning , the new home to all of our certifications and online courses.
No easy answer, but having some P2P automation software to reduce time and human error in both requisition-to-order and accounts payable can help. This will likely be the subject of a whitepaper at some point in the future! CEOs spend very little time thinking about procurement (link) and supplychain in general.
Subscribe to SupplyChain Game Changer. What is the Digital SupplyChain? For some time, I’ve been reading, watching and following the whitepapers, case studies, and countless webinars put on by keen minds about digital transformations. Subscribe Here! Email Address. Get Our EBook here.
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