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Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

The myopic focus on IT standardization resulted in the purchase of technology, but not value delivery. Even though a feasible plan is the most critical business user criterion for software selection, only one in two manufacturers surveyed believe they have the ability to model a feasible plan. Belief in efficient procurement.

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Overcoming The Barriers to Use Channel Data

Supply Chain Shaman

However, two decades later, there is still no technology solution to enable demand visibility or help companies use channel data to translate demand into an inventory, replenishment, or manufacturing strategy. End-to-End Definition Implementation of enterprise data architectures to improve order-to-cash and procure-to-pay. Background.

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Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

A research from Google, Temasek Holdings and Bain & Co showed the region’s online spending could reach $1 trillion by 2030. Brand loyalty is no longer the driver for consumer purchasing decisions. So, it appeared consumer demand would remain high despite COVID-19. Embedded AI that is purpose-built for supply chain.

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Sustainable procurement: Everything You Need to Know

Precoro

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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Value-Based Purchasing in Healthcare Explained

Precoro

Yet there’s a proactive approach that addresses the high cost of healthcare: value-based purchasing (VBP). VBP also improves patient satisfaction by fostering greater collaboration among healthcare providers and making the patient experience one of the key evaluation metrics for hospitals.

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Why You Should Conduct Internal Quality Audits

Arena Solutions

billion by 2030. A QMS typically aligns with your product lifecycle management (PLM) solution and your product innovation goals. Leveraging internal audits to align quality management with key business metrics When asked what are the benefits of conducting an internal audit? billion to $855.62 billion in 2023. billion to $799.67

Quality 88
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Do You Know Your Suppliers? Counting the Cost of Ignorance

QAD

In April 2021, food giant Hershey Food announced its “ No Deforestation Policy ” to end deforestation across its supply chain by 2030. Consumers are increasingly expressing interest in ethical sourcing and environmental impacts related to the products they purchase. found that consumers would stop purchasing brands with ethics issues.