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Exception management: An important aspect of supply chain visibility

20Cube Logistics

The capability to address the issues and ensure the smooth functioning of the operations helps a company to be stable and with technology raising its bar every day in supply chain management, it’s more like management by exception rather exception management. . From exception management to manage by exception.

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Strategic Procurement: 4 Tactics for Economic Recovery in 2021

ivalua

According to Accenture, 94% of Fortune 1000 companies saw supply chain disruptions and 75% had negative or strongly negative impacts on their businesses due to the pandemic. As a result of the disruption, cost management and supply chain visibility were suddenly top of mind for executive leadership teams. .

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Made in “I Really Don’t Know”

Talking Logistics

In other cases, companies have tried to distance themselves from these supply chain failures, passing the buck of responsibility and accountability to their suppliers or others (see GM Supplier Factory Explosion: Thoughts on Supply Chain Visibility and Responsibility ). no metrics, operate in functional silos).

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

The Logistics & Supply Chain Management Society

Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. To ensure successful integration, they should create a plan with timelines, resources, and evaluation metrics (refer Figure 2).

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The Power of the Network: ERP vs. Spend Management

Logistics Viewpoints

A MSCN is a collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. MSCN solutions provide supply chain visibility, network-based applications, and network analytics across an extended supply chain.

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Supply Chain Best Practices during a Quarantine

SupplyPike

Supply chain visibility is crucial during this time, and as such, paper documents are out. Digitization of paperwork helps with managing supply chain risk and visibility. Purchase orders, invoices, PO change requests, and credit/debit documents (and more) can all be exchanged via EDI.

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The Importance of Transparency in Supply Chains

Enterra Insights

. “Supply chain transparency,” they write, “requires companies to know what is happening upstream in the supply chain and to communicate this knowledge both internally and externally.” ” You might be thinking, “That sounds like supply chain visibility. ”[3].