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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

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What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?

Supply Chain Shaman

He provides services to companies on master data management and is more familiar with transactional processing than decision support. For reference, authoritative identifiers are the starting point for processes where goods are tracked against a standard like fair labor or food safety. In deployments, data issues abound.

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

With its ability to derive insights from vast amounts of data and derive insights, generative AI has emerged as a valuable tool to optimize supply chain operations. It can then generate new content using prompts that resemble the original training data.

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Driving Sustainable Supply Chain Change

The Logistics & Supply Chain Management Society

Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. Tender documents and responsible source guidance are requiring suppliers to show evidence of their actions to support ESG initiatives, as well as the actions of their suppliers. Companies, both large and small, are changing. MORE FROM THIS EDITION.

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How an ERP can help order fulfilment

SYSPRO Smarter ERP

Order fulfilment refers to the process of receiving, processing, and delivering an order to a customer. Sourcing and receiving — most companies use suppliers to provide parts or materials or a product. With accurate inventory data, businesses can avoid stockouts, and reduce the costs of overstocking. What is order fulfilment?

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Leveraging Big Data in Logistics Into Meaningful Business Analytics

Intelligent Audit

In 2008, Dr. Raymond Panko published a paper detailing examples of human error in data entry. When manually entering data into a spreadsheet, the probability of human error was 18-40%. One solution is to turn to big shipping data. That’s why it’s critical to have an audit partner who can ingest data across all systems.

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Demystifying Transportation Sourcing – A Practitioner’s View

EC Sourcing Group

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.