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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. Maturity in Analytics.

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What Can You Do to Ensure Your Supply Chain Stays Compliant?

Logility

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Maintain a vendor scorecard with profiles and performance statistics.

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

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Top Transportation & Logistics Influencers

The Logistics of Logistics

He is also the Founder and Co-Director of the MIT FreightLab – a research initiative that works on improving the way freight transportation is designed, procured, and managed. He helps clients purposely be in control of goods and assets with Roambee’s sensor hardware, cloud data analytics, and automation. Cassandra Gaines.

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What is SKU Rationalisation? Process, Benefits, Best Practices

Unleashed

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. Procurement fees : This covers the total cost to you of sourcing and purchasing your products from suppliers or manufacturers. Improved inventory accuracy.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Supply Chain Analyst.

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Supply Chain Analytics: What It Is & Why Its Important in 2021

ShipBob

Fortunately, modern supply chain technology is designed to help online brands optimize their supply chain through greater visibility, including access to advanced data and analytics. What are supply chain analytics? What is supply chain analytics software? What supply chain analytics can do for your business.