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These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

GlobalTranz

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supply chain professionals must also know how they will be shipping freight. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018.

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ERP for Medical Device Manufacturers Part 2

SYSPRO Smarter ERP

Those manufacturers who are still using legacy or customized computer systems will find it difficult to make the necessary changes. Integration of design and manufacturing. Many manufacturers use a CAD/CAM system for design and engineering control. Quality management. Customer interaction. After-sales support.

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Supplier Relationship Management in a Time of Fragmented Supply Chains

QAD

Unpredictability is undoubtedly the major issue manufacturers face when dealing with fragmented supply chains. As the supply chain breaks, manufacturers must find new suppliers and new transport routes and find them rapidly, so that production doesn’t come to a halt. So, how can manufacturers respond to these challenges?

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Your Guide to Understanding & Minimizing Inventory Costs (with Formula)

RFgen

Even the initial purchase of inventory triggers a cascade of additional expenses, like shipping, handling, taxes, and so on. Some fees are more obvious, like shipping charges. Others are less visible, such as the cost of administrative tasks for procurement and order management. Next is the cost of storing the inventory.

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Moving Up The Corporate Ladder, Does Your Freight Spend Have A Seat At The Table?

4WL Consulting

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.”

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Supply Chain Management With Blockchain: How the Blockchain Enables Supply Chains to Focus on Customer Experience

GlobalTranz

DOWNLOAD WHITE PAPER. For example, the process of using blockchain follows a logical path from development and procurement through delivery and returns management, as noted by the following Deloitte graphic. Since shippers can immediately identify product location and cost to ship to a consumer, the overall time to delivery decreases.

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The role that ERP systems can take in helping IM&E

SYSPRO Smarter ERP

Manufacturers have realized that while they may aim to be stable, what they really need is to be agile. The new normal for manufacturers. The adoption of digital strategies is a major feature of new strategies that manufacturers are planning. A major challenge for IM&E manufacturers is managing inventory. Operations.