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7 Essential Procurement Processes & How They Work

Unleashed

The procurement processes you implement directly impact how efficiently the business operates. Conversely, the consequences can be disastrous if procurement lacks the right structure or planning. What is a procurement process? Strategy is extremely important in the procurement process. Let’s dive right in.

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Improving Sales forecasting after Covid

DynaSys

We should not consider year 2020, and probably H1 2021, as a relevant set of data for forecasting calculation. My next S&OP run is coming, and I must find a solution to deal with sales forecasting after Covid. Based on the real demand, I can operate my supply planning without using precisely wrong forecasts. It’s a given!

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7 Challenges ERP Helps Electronics Manufacturers Overcome

OptiProERP

The electronics industry changes at a fast pace with constant innovations. Electronics are used in consumers’ everyday lives, both at work and at home. Electronics manufacturers have many revenue opportunities, but also many challenges to overcome to be competitive. Electronics manufacturers must adapt to many emerging trends.

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Securing the Pickleball Supply Chain

Logistics Viewpoints

Jordan believed that the most important thing that needed to be changed was to make the forecasting process simpler and more dependable. In different product categories, sales forecasts were being changed regularly and the inventory planning team had to react to these whipsaws to the factory orders. When she joined, Ms.

Security 201
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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

While these solutions all utilize predictive AI, they rely on different models, including regression models, time series forecasting, classification models, clustering models, recommendation models, and simulation models. Time Series Forecasting: Commodity Tracking and Predictions What is time series forecasting?

Modeling 106
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The Top 5 Skills Every Procurement Manager Needs

Precoro

More and more companies are acknowledging the importance of centralizing and optimizing their procurement operations. One of the ways to accomplish this is to establish a procurement team to streamline ordering by centralizing purchases and improving supplier relations. What are the duties of a procurement manager?

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Samsung Electronics Warning on Q4 Profitability Portends High Tech Supply Network Challenges in 2023

Supply Chain Matters

Supply Chain Matters highlights high tech and consumer electronics bellwether Samsung Electronics and its warning that Q4-2022 quarterly profitability and revenues would fall short of revised estimates. Both estimates of profitability and revenues were below the consensus of equity analyst expectations. All rights reserved. .