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How 2011 Prepared Us for Today

ivalua

The Japanese Earthquake of 2011 and resulting tsunami are not exactly top of mind these days. On Friday March 11, 2011, at about 2:45PM local time, the most powerful earthquake ever recorded in Japan struck. You may remember the death and destruction from 2011 and draw a connection to the toll of the current coronavirus pandemic.

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Autoliv’s Supply Chain Risk Management Journey

Logistics Viewpoints

spoke on best practices on supply chain risk management at ARC Advisory Group’s Digital Transformation in Industry conference. Autoliv is the world’s largest safety system supplier in automotive industry. in turn, is a boutique procurement consultancy. Autoliv is the largest supplier of safety systems to the automotive industry.

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What is Economic Order Quantity & its Advantages

SCMDOJO

While the previous points of criticism are valid and worth considering, EOQ might help procure both; the repetitive items and the MRO (maintenance, repair and operation) items. So, if you are a supply chain professional and apply this model in your industry, you have to review the results of your planning efficiency. References.

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Procurement Must Contribute to Competitiveness to Become Relevant!

NC State SCRC

Procurement is always thinking about cost savings, year over year. What if, for example, procurement has a budgeted amount for 4.5 cents, so procurement declares victory and says they saved their organization a lot of money: 3 cents per unit! Vel Dhinagaravel, CEO of Beroe , thinks this is the wrong way to measure procurement.

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5 Key Trends in 2024 for Asian Manufacturers

SYSPRO Smarter ERP

Industry 4.0 and Artificial Intelligence Industry 4.0 what used to be called the Fourth Industrial Revolution or 4IR) has been around since 2011. It involves the integration of digital technologies into manufacturing and industrial processes that can communicate, analyse, and act upon information. Industry 4.0

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How is AI Revolutionizing Supply Chain Risk Management? 

Resilinc

For example, in the life sciences industry, biopharma companies increasingly rely on contract manufacturing and development organizations (CDMOs) to address biologics manufacturing production and capacity demand. In some cases, it feels like AI is just starting to take off. Understand the nuances of multi-tier mapping vs AI mapping here ).

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Life Sciences and the Journey to Supply Chain Resilience: A Q&A with Craig Fix

Resilinc

In 2023 so far, Life Sciences has surprisingly had the highest number of EventWatch AI alerts of any industry tracked by Resilinc. Do you currently work primarily with Life Sciences clients at Resilinc? I have nearly 30 years of experience as a global procurement and supply chain leader in High-Tech and Life Sciences.