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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

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Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

” The industry is in a groupthink, largely missing the opportunities for breakthrough innovation. While I was preparing for surgery, Gartner released the Gartner Top 25 Analysis. The analysis is now in its ninetieth year. The Gartner analysis is biased toward companies within the Gartner network. The reason?

Gartner 365
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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

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How manufacturers can enable innovation on the factory floor

SYSPRO Smarter ERP

There is a common cliche that necessity is the mother of invention – and by extension, innovation. The past two and half years have certainly brought a variety of challenges and opportunities that have made innovation not just a preference, but essential for manufacturers and distributors to thrive into the future.

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Global Fulfillment Innovation Centers on ESG in 2023

ModusLink Corporation

Global Fulfillment Innovation Centers on ESG in 2023. Today’s global trade fulfillment and supply chain management depend on advanced and integrated technologies such as mobile apps, cloud-based platforms, real-time data analysis, on-demand communications, and intelligent predictive analysis.

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How to Create Successful and Innovative Products!

Supply Chain Game Changer

Product innovation is at the center of many success stories. Every product that exists now, or that existed before, was once an innovation. The most notable innovative products of late have been mostly technological. The term ‘disruptive innovation’ is used quite a lot these days. Subscribe to Supply Chain Game Changer.

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Strategic Sourcing Solutions to Enhance Your Bottom Line

EC Sourcing Group

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?