Remove Strategy Remove Suppliers Remove Supply Chain Analytics Remove Supply Chain Visibility
article thumbnail

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.

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. What can we do for you? Please use this link to set up a time.

e2e 40
article thumbnail

Coronavirus & The CPG World: What to do now and how to prepare for the future?

Solvoyo

2) Real-time visibility is extremely valuable during times of crisis! In the supply chain, visibility involves status reporting from suppliers, through the production&distribution infrastructure and all the way down to the shelf level. What can we do for you? Please use this link to set up a time.

e2e 40
article thumbnail

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. It has been estimated that by 2020, 50% of all business analytics software will incorporate cognitive computing functionality in order to deliver business growth and remain competitive in today’s world.