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Freight Market Intelligence: Data is crucial, but context is king

Freightos

Here are some interesting highlights: Justification Is Key Interestingly enough, one of the most important drivers for market intelligence is justifying procurement decisions or operational decisions to internal stakeholders, like executive teams, or to customers. While this isn’t news to me, the importance it took on was. And they are.

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Unethical Sourcing Practices in Procurement and How to Avoid Them

EC Sourcing Group

Unethical Sourcing Practices in Procurement and How to Avoid Them. In procurement, unethical practices can be hard to spot. It’s critical to understand what makes up ethical vs. unethical practices within your procurement function. Unethical Procurement Practices : Examples of Unethical Behavior.

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The Power of Outsourcing for Supply Chain Improvement

Logistics Bureau

Meanwhile, countries in Southeast Asia, such as Vietnam and Cambodia, are enjoying growth as offshore manufacturing centres. Through collaboration with your procurement partner, you can reduce inventory levels and then potentially downsize your warehouse capacity needs.

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Keeping it Fresh: Supply Chain of Livestock and Fresh Food

Elementum

Varieties of produce and livestock can be sourced from anywhere in the world; mangoes harvested in the Philippines could be sold in the US, or rice grown in China may be packaged in Vietnam and sold in different countries in the UK. Specialized handling and packaging are also necessary for a lot of fresh products.

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Supply Chain Matters Most Read Blogs in 2021- Part Two

Supply Chain Matters

Highlights included highlights of the project44 acquisition of Ocean Insights , the planned IPO of autonomous trucking tech firm TuSimple , the $150 million added funding round of Locus Robotics , and the coming together of two supply chain risk assessment firms Resilience360 and Risk Pulse under the rebranded name of Everstream Analytics.

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What Should Supply Chain Management Teams Anticipate in 2023 and Beyond- Part Two

Supply Chain Matters

Procurement and supply management leaders will be expected to provide both leadership for supply resiliency and added value, but also supply network cost reductions. This is likely to include select areas of added business and supply chain digital transformation, but in more managed and focused scope.

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Is it Time for to Move Away from “World Class Supply Chains”?

NC State SCRC

An excerpt from our book “The Procurement Value Proposition” got a nice section of CSCMP’s Supply Chain Quarterly edition this week. As a young assistant professor at Michigan State University, I was part of a group called the Global Procurement Benchmarking Initiative, led by Professor Robert Monczka.