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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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Becoming an EPA SmartWay Partner and More: How Stord Helps Reduce Supply Chains' Carbon Footprint

Stord

The SmartWay program provides a structured process for tracking, documenting, and benchmarking logistics’ carbon footprint across the entire supply chain including freight. As a shipper, this data is necessary to develop industry benchmarks for carbon footprint.

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Supply Chain Department – A Typical Structure

SCMDOJO

Here’s why a structured approach is important: Efficiency A structured department creates a clear division of labor and defines processes for procurement, production, distribution, and returns. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution.

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How To: Validate Supply Chain Sustainability Claims … And Avoid Greenwashing

Sourcemap

With companies sourcing from thousands of suppliers and new technology that enables end-to-end traceability, audits and certification are no longer best practice: it’s time for comprehensive supply chain due diligence. This includes collecting data on their practices and comparing that self-reported data with trusted third-party sources.

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The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

To ensure your leadership team is up-to-speed on the current market conditions, consider the following actions: DO: Be a student of your industry and create/distribute a monthly or quarterly update internally (trends, challenges, etc.). Benchmark yourself against historical and current market indexes. Performance Management Process.

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Arkieva Supply Chain Scope: Canada Retail Sales Decrease; Is Your Supply Chain a Cyber Threat?

Arkieva

Source: Wall Street Journal. A new report by SupplyChainDigest: “Supplier Integration in an Outsourced Supply Chain World: A Benchmark Report,” showed a growing trend in supply chain outsourcing among manufacturing companies. Source: Arkieva Supply Chain Blog. Source: Supply Chain Shaman. Source: CBR.

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This Week in Logistics News (July 15-19, 2013)

Talking Logistics

On the technology front, LLamasoft announced the release of Data Services, “a new offering that provides reference and benchmark data to LLamasoft customers and others in the supply chain design community…[this data] enables significant reduction in model building time and validates model outputs against realistic standards.”