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What is a Sourcing Agency and How does it work?

SCMDOJO

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

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The introduction of E-Procurement.

ModusLink Corporation

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017).

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Logistics Bureau Supply Chain and Logistics News Roundup, July 2022

Logistics Bureau

As part of our ongoing commitment to keep our blog readers updated on what’s happening in the supply chain and logistics world, we’re launching a regular industry news roundup, which we’ll release periodically. The impacts are widespread, and, at this stage, it’s impossible to know how much worse things will get.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Contract Logistics is a critical aspect of the supply chain that often remains behind the scenes but plays a significant role in ensuring the efficient movement and management of goods. Read More: 6 Logistics KPIs Attributes That are Essential ] What is Contract Logistics?

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Why Blockchain Within The Supply Chain Makes Perfect Sense

GlobalTranz

Multiple manufacturers, multiple relationships, multiple distribution models, multiple contracts. Manifesting this trend is the terminology and concept of Digital Path to Purchase — the omni-channel, tech-focused approach to supporting and acting on a consumer’s purchase.

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Top 15 Considerations for Selecting 4PL Logistics Partners

SCMDOJO

When it comes to effective and profitable road transport management, it is undeniably crucial you get a reliable 4PL provider to handle your logistics. First, understand the difference between 3PL and 4PL in logistics. 3PLs focus on various logistical areas and topographical locations. What is 4PL?

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Top Supply Chain Trends for 2023 and Beyond

Logistics Viewpoints

In Europe, it is worse. For supply chain executives, this is a good time to start contemplating stock keeping unit (SKU) reductions (reducing the number of products and product variations manufactured). It is not just US tool manufacturers that are affected. In the US, consumer prices were up 9.1 Bureau of Labor Statistics.