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How the procurement role should evolve in the new supply chain

SYSPRO Smarter ERP

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.

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Navigating the Supply Chain Management Fault Line

Supply Chain Shaman

Innovative startups. Artificial Intelligence innovators. This transfer of ownership reduced the effectiveness of procurement. Here is what I hear on calls: Having the digital innovation team in the IT organization is like drilling a hole in bedrock. Innovation will never come from application consolidation.

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Supplier Performance Management – The Ultimate Guide

SCMDOJO

The biggest challenge is that simply offering metrics, even those that appear to be the “right” metrics, usually doesn’t produce any results. The questions that are most often asked are: What metrics should I use? What metrics do others (in my industry) use? Where do I begin?

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Water is as Important to Some Industries as Electricity

Enterra Insights

.” According to The Economist , “Water shortages, combined with reputational damage and regulatory overreach, could affect many hydro-dependent industries, from food production, mining and power generation to apparel and electronics. Prioritize financial innovation to promote market-based mechanisms for NbS.

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Guest post: Technology Solutions Are The Secret Weapon For Bringing CSR Into Procurement

EcoVadis

Procurement technology should make it easy to source ethically. Supply chain transparency is one of the key challenges facing Procurement and Sourcing in the coming years. However, new and innovative solutions are developing. Guest post by Charlotte Spencer-Smith, Marketing, Pool4Tool.

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What is SKU Rationalisation? Process, Benefits, Best Practices

Unleashed

An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences. Discontinuing lines will help the manufacturer free up production capacity, and redirect research and development spending to focus on the development and marketing of newer or more innovative products.

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Two Measures: Stock Buybacks and Supply Chain Transformation- Are They Related?

Supply Chain Matters

According to a published report by S&P Global Market Intelligence , more than one in five listed S&P 500 Companies increased their earnings-per-share metric by a least 4 percent by the third quarter of last year. This was noted as the highest level since 2019, a pre-pandemic measure. based Southwest Airlines’ flight operations failed.