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What are the best Supply Chain Strategies for 2021

ivalua

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supply chains. . Supply Chain Risk Management on the World Stage – Lessons Learned. Global Supply Chains are Here to Stay.

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The Benefits of Onshore Supply Chains

ivalua

While companies have capitalized on globalization over the last few decades, the COVID-19 pandemic exposed a number of weaknesses within supply chain and procurement industries. Avoid the Instability of International Supply Chains. This gives you greater control over the details involved in your supply chain.

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Flexibility in the Face of Uncertainty

Freightos

Most recently, the recent disruptions in the Red Sea that saw ocean freight rates from China to Europe by over 190% and saw transit times lengthen, sea-air services offered a strategic advantage for logistics professionals able to remain agile, by watching trends and jumping at opportunities to ensure a resilient supply chain.

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Invoice Automation: How It Works

Precoro

Do you know that 39% of invoices are paid late in the United States, and 61% of late payments result from invoicing errors? What is Automated Invoice Processing? Automated invoice processing involves scanning, extracting, matching, and validating relevant invoice data and inputting it into your ERP or accounts payable system.

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How Supply Chain Management Can Mitigate the Effects of Inflation

EC Sourcing Group

How Supply Chain Management Can Mitigate the Effects of Inflation. Rising inflation can certainly disrupt the supply chain. However, those following best practices for supply chain managemen t can mitigate the effects of inflation and keep things under control. percent increase in inflation rates.

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Supporting EV and Battery Innovation at NAATBatt `24

QAD

Fortunately, the last two to three years have been transformative and optimistic towards electrification with major OEM manufacturers working on new technologies. Toyota released exciting news about their potentially game-changing solid state battery technology that would revolutionize the driving range of an EV.

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How to Identify UBOs in Your Supply Chain

Exiger Perspectives

It is also possible for companies—especially those with complex ownership structures—to seemingly not have any identified UBOs at all, which will require technology to dig into opaque ownership and “unwrap” the actual UBOs.