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Strategic sourcing enters a new age. Are you keeping up? (Part 2)

ivalua

In last week’s blog , I began discussing telltale signs that you have entered the new age of strategic sourcing. Leading manufacturers have proven that best-in-class strategic sourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability. alternatives.

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What Every CFO Should Know About Aligning Finance with the Supply Chain

Logility

Such alignment enables finance and supply chain leaders to fully understand each other’s challenges, goals, and opportunities and create mutually beneficial strategies that move the business toward greater compliance, higher profitability, and ongoing growth.

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Why You Must Think Differently About Supply Chain Technology Strategy

MPO Multi Party Orchestration

Martin goes on to explain that “companies need to serve multiple sales channels, multiple stores, multiple sites, multiple warehouses, multiple factories, multiple suppliers, multiple sourcing flows and so on.” It's a complex structure that is often unpredictable in nature.

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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

However, the lessons garnered during the pandemic will likely drive inventory management toward less of a dependency on global-wide sourcing and more toward product postponement sourcing and customer fulfillment strategies.

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SAP SE Reports Q4 and Full Year 2023 Financial Performance

Supply Chain Matters

For the SAP S/4 HANA Cloud segment, total backlog was reported as €5 billion, up 61 percent in constant currencies. billion at constant currencies, an increase of between 24 percent to 27 percent, compared to €13.7 billion at constant currencies in 2023. billion at constant currencies in 2023. billion to €7.9

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Increased Signs of Weakness in China and a Changing Global Trade Picture

Supply Chain Matters

A further factor are ongoing efforts by manufacturers and retailers in initiating less reliance in termed China Plus materials and production sourcing alternatives. Such actions are likely to potentially further dampen demand levels for Chinese manufacturers in the coming months.

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Risk Management Can Be a Competitive Advantage, Part Two

Enterra Insights

With economic and non-economic shocks entangled all the way down, it is little wonder that an unfamiliar term is gaining currency — the polycrisis.”[2] ” Of course, avoiding a crisis is a better and more cost-effective strategy. and Europe, along with many companies, are pursuing a de-risk rather decouple strategy.