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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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What is Responsible Sourcing?

ivalua

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. Responsible sourcing requires a shift in thinking and priorities. provide source].

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Thoughts. Selecting Supply Chain Software

Supply Chain Shaman

I find that most companies’ understanding of supply chain planning is immature, and that next week, at the Gartner Supply Chain Summit in Orlando, that many will don their Mickey ears to discuss what I consider outdated supply chain planning models. They fear company reprisal. The reason? No one wants to share openly.

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HWI Unleashes Continuous Innovation

Logistics Viewpoints

Stauffer spoke about the digital transformation the company is going through. They view their implementation of a tightly integrated suite of applications delivered in a public cloud infrastructure from Oracle as a platform on which they can build to help drive continuous innovation. HWI employed a crawl-walk-run methodology.

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Helping Companies Identify Environmental Sustainability Opportunities

Arena Solutions

As well as the digital tools needed to support the development of innovative and minimal environmental impact solutions.” With innovative technology, well-thought-out processes, informed choices of raw materials, and balanced extraction of fossil substances and metals, the world’s engineers can make a lot happen.

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Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. BPR has undoubtedly led to many efficiencies and improved effectiveness at numerous companies. Not technology. Interesting, right?

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How Procurement can help to drive Supplier-led innovation

ivalua

This means companies are under more pressure than ever to innovate at pace. In parallel, companies have outsourced an ever-greater share of their business. Suppliers offer an excellent source of knowledge to help businesses rapidly innovate. Cost-focused approaches block innovation.