article thumbnail

Vendor vs. Supplier: how to Distinguish and Manage

Precoro

And is expected to double by 2026. For example, software vendors often sell software and support services to the end-user on behalf of large IT corporations. Suppliers are your go-to for finding raw materials if you are procuring supplies for production. The vendor is quite a "flexible" term. When to Work With Vendors.

article thumbnail

Circularity and the future of the digital product passport

o9 Solutions

This blog explores how policy developments such as the digital product passport (DPP) alongside supply chain software can play a role as enablers. Software solutions to acquire more primary product data during all stages of its life cycle are critical to roll out sustainability policies such as the DPP.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Zero Visibility to Complete Control: Supply Chain Optimization

Locus

trillion by 2026. Perhaps the answer lies in adopting cutting edge supply chain solutions. Locus, however, transforms post-purchase data into valuable knowledge, presented through easily understood dashboards. And that’s why companies today need to embrace a robust supply chain visibility (SCV) solution.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Material Handling & Logistics ).

article thumbnail

Megatrends (Possibly) Shaping Supply Chain Trends: Technology

The Logistics & Supply Chain Management Society

Network slicing allows cellular 5G networks to deliver dedicated virtual networks across a single physical infrastructure, reducing costs, segregating traffic and enabling delivery of quality of service metrics like latency, bandwidth and congestion management. Automation will continue to grow, both from a software and hardware perspective.

article thumbnail

eCommerce Business Explained: How To Sell Products Online

Unleashed

This modern business model functions as the online solution to making retail, manufacturing, wholesale, and service-based sales. And it’s making strides: experts estimate that global eCommerce sales will reach $8 trillion (USD) by 2026. Services: Professional services that may be purchased over the internet.