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Why You Should Conduct Internal Quality Audits

Arena Solutions

billion by 2030. However, one crucial caveat to all this growth and opportunity is that—you need to follow industry compliance guidelines and deliver on quality. Quality management also plays a crucial role in product development. Why do an internal quality audit? billion to $855.62 billion in 2023. billion to $799.67

Quality 88
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Sustainable procurement: Everything You Need to Know

Precoro

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

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A Story of Throwing the Baby Out With The Bathwater in Supply Chain Planning

Supply Chain Shaman

The focus was on margin and quality. The team understood the importance of margin management, focusing only on cost as an input to margin. Consumers constantly change the mix preferences in purchases. Somedays, the focus is on steaks or ribs and the next on the purchase of ground or cubed meat.

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Do You Know Your Suppliers? Counting the Cost of Ignorance

QAD

A recent Quality Digest article suggested that “ethical supply chain management is being fueled by consumer demand, profitability, and visibility. In April 2021, food giant Hershey Food announced its “ No Deforestation Policy ” to end deforestation across its supply chain by 2030. A similar study in the U.S.

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Adapting Supply Chains to the Digital Retail Revolution

SCMDOJO

According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices. This report highlights that 97% of respondents anticipate AI impacting product development and manufacturing. #2

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5 Ways Technology Can Help Logistics Companies Tackle New Year Demand

Locus

Better technology is also responsible for minimizing costs and error, as well as increasing productivity, thus leading to resilient supply chains. According to a McKinsey report , the technological progress we experience in the next decade will be more than the last 100 years. Getting up to speed. Virtual as the new reality.

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Automated Invoice Processing with OCR: How It Works and Why Use It

Precoro

By 2030, it is estimated to surpass USD 4.6 The procurement system defines if the invoices should match the POs or receipts and routes bills through predefined approval workflows. Let’s look at some examples: Time-Consuming and Paper-Based Processes Manual invoice processing often relies on paper-based documentation.