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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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Supply Chain Department – A Typical Structure

SCMDOJO

In today’s fast-paced business landscape, having an efficient supply chain department is more important than ever. A streamlined supply chain can make a significant impact on the overall success of a business, improving operational efficiency, increasing customer satisfaction, and driving revenue growth.

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The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.

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Blog Series: The Ultimate Guide to Supply Chain Resiliency, Part 4 – Institutionalize

Resilinc

You may be part of an organization whose leaders understand that supply chain risk management (SCRM) is a strategic imperative, and your SCRM may already be mature and delivering a return on investment. 4) The supply chain organization’s operational review includes evaluation by the corporate risk team.

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Why is Collaboration Important in Supply Chain Management?

QAD

The digital supply chain forecasting process is critical for any organization’s success. However, to achieve an accurate and effective digital supply chain forecasting process, it is essential to collaborate with both sales teams and suppliers. Collaboration is key to successful digital supply chain forecasting.

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Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

Before boarding the plane, I watched a traveler pull a diet Coke from the bin and thought about the struggle to source sweetener with the rise of COV-19. As I poured the dog food into the bowl for my pups, I wondered if I was going to have to switch kibble due to the looming issues of sourcing taurine—a health additive in many pet foods.

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Making Supply Chain Planning Agile With Modular Planning Technologies

Logistics Viewpoints

“May you live in interesting times,” widely attributed as a Chinese curse, some claim this as a blessing; whichever side you take, this is exactly what’s happening in the supply chain world since 2020, and it looks like we will be living with this blessing/curse for a while longer. Emerging Themes for Supply Chain Planning.