article thumbnail

2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM). With the continued challenges facing supply chains, that is no surprise.

article thumbnail

Everything You Want to Know About Supply Chain Management

Shipsy

SCM is the management of the flow of goods or services from source to destination by following activities like demand planning, raw material procurement, production, inventory management, order management, movement and storage, and transportation and logistics. dollars by 2027. billion U.S. This number was 15.85 billion U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The 10 inventory management trends to watch for in 2022

Unleashed

Inventory analytics goes mainstream. Improving efficiencies with data analytics. Connect IoT tech to your cloud software to input critical real-time data to analytics and other business systems. through 2027 ( Allied Market Research ). Inventory Analytics. Read more: The 10 Procurement Metrics that Matter in 2021.

article thumbnail

S&OP, a vision for the future. The expert interview series #7

Supply Chain Trend

Currently as the Director of Supply Chain for Newell Brands Applied Materials, he oversees the SIOP process, production planning, procurement, warehousing, and logistics for servicing big box retailers including Walmart, Lowe’s, and The Home Depot. Niels : What needs to be done to reach that vision? Just keep moving forward.

S&OP 60