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The Supplier Management Secret Recipe

Supply Chain Game Changer

What is Supplier Relationship Management (SRM)? The Supplier Management Secret Recipe article and permission to publish here provided by Sam Jenks. Building a secret recipe for smooth supplier management requires a foundation, which you can build upon, experiment with, and eventually make your very own.

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8 Supplier Management Best Practices any bussiness can implement

Precoro

For anyone responsible for procurement in an organisation, supplier management is an inevitable area of responsibility. Poor supplier performance due to the lack of oversight, analytics and clearly defined requirements. Formulate business requirements Procurement is not just about cutting costs and looking for the cheapest deal.

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Eliminate the Bullwhip Effect – Communicate with Your Suppliers

QAD

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. Decades of just-in-time manufacturing have sought to eliminate as much supply chain inefficiency as possible, by tightly matching replenishment to demand.

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It’s Time to Rethink Supply Chain Risk Management

ivalua

Under pressure to quickly identify new sources of supply, due diligence has–at times been reduced, thereby increasing the likelihood of quality issues, unknowingly supporting forced labor, or exposing organizations to fraud. Common Supply Chain strategies, such as just-in-time inventory, exacerbate the impact of shocks.

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ERP addresses the challenges of Make to order manufacturers

SYSPRO Smarter ERP

Coupled with the art of trying to balance unpredictable material demand with volatile prices and its effects on the business, with the need to keep raw material to a minimum to free up capital juxtaposed to the need to import raw material with long lead times. Uncertain lead times for acquiring specific materials for customised products.

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Using Analytics to Measure S&OP Effectiveness

Silvon Software

Having a strong Sales & Operations Planning (S&OP) strategy ensures that your forecasts, raw materials availability and production capacity all match up and that the factory floor can meet its defined deadlines. Following are just a few examples of how measuring on-time delivery can be difficult: Volume of ordered goods.

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Supplier Diversity: From Checking-the-Box to a C-Suite Strategy

ivalua

For the Government, supplier diversity programs are something procurement professionals in the United States (US) have accepted as a key element to their procurement success. Since their inception more than 50 years ago, supplier diversity programs have spread beyond public procurements. Building Business Cases and Momentum.