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The Future of Procurement Is Upon Us. Are You Ready?

ivalua

Niul Burton wrote a great article in Industry Week titled “Procurement 2025: 10 Challenges that Will Transform Global Sourcing”. For those of you who are executives in Supply Chain, Procurement or New Product Introduction/Development, this is a must read. Globalization. Integration.

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The difference between supply chain and logistics explained

Unleashed

When we refer to the ‘supply chain’, we’re referring to the network of suppliers, manufacturers, producers, shipping companies and more who, when combined, produce, ship and sell products and services to end-users. The life of coffee begins with growers in the likes of Brazil or Vietnam. E.g. 35 DOI + 31 DOR = 66. Inventory turnover.

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6 Supply Chain Trends That Could Truly Shake You Up (2018 Update)

Logistics Bureau

If upstream partners fail, as in the case of Thai computer disk drive manufacturers (factories hit by flooding) or Japanese semi-conductor producers (the 2011 tsunami), supply chains running too lean may have no fallback solutions. While the lean concept was born from the world of manufacturing, agility came largely from software development.