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The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization.

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Top Challenges in Enabling Same-Day Prescription Delivery

Locus

Also, this is the most preferred delivery method for selling time-sensitive products in the pharmaceutical industry. It has become a priority for the pharmaceutical industry as it meets the customers’ need for convenience and safety. Why has it become essential to deliver medicines on the same day or on-demand? Saves time and money.

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Does Perfect Customer Service Make Sense?

Logistics Viewpoints

In supply chain management, it is widely accepted that holding enough finished goods inventory to fulfill every order is just too costly. Ipsen , a global bio-pharmaceutical company with $3 billion in annual revenues, disproves that. Ipsen , a global bio-pharmaceutical company with $3 billion in annual revenues, disproves that.

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16 Cost Reduction Strategies in Inventory Management

Unleashed

To achieve this the customer shares information on sales and product needs with the supplier, who is then able to ensure the correct amount of inventory is supplied. VMI creates efficiencies in the supply chain as it ensures data from sales is a key part of the inventory management system.

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. Therefore, it is paramount for you as a logistics and supply chain professional to have a keen sense of how to properly evaluate a supplier.

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5 Key Factors in Choosing a Supplier CSR Monitoring Solution

EcoVadis

It is no secret that modern supply chains are increasingly exposed to risks that can result in increased operational costs, large losses, and long term damage to your corporate reputation. Many procurement teams are finding holistic approach can provide huge advantages.

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The Value of Linking KPIs with KRIs

Silvon Software

Government, healthcare, and pharmaceuticals will likely maintain a focus on strengthening their pandemic risk assessments. Other industries will focus on developing or enhancing their risk assessment plans to identify emerging threats within their supply chains and other areas.