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Samsung Electronics 2023 Financials-Weakest Profitability in a Decade

Supply Chain Matters

Key industry supply chain bellwether firm Samsung Electronics reported Q4 and full year 2023 financial performance, headlined as being the weakest profitability levels in a decade. For the quarter that ended in December 2023, the supplier posted KRW 67.78 trillion in consolidated revenue, representing a year-over decline of 3.8

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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). Furthermore, e-procurement enables price negotiation and supplier evaluation.

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7 Challenges ERP Helps Electronics Manufacturers Overcome

OptiProERP

The electronics industry changes at a fast pace with constant innovations. Electronics are used in consumers’ everyday lives, both at work and at home. Electronics manufacturers have many revenue opportunities, but also many challenges to overcome to be competitive. Changes in Consumer Demand. Short Product Life Cycles.

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aim10x Executive Council has added a new influential leader in the consumer electronics industry.

o9 Solutions

Janssen is leading initiatives to transform Philips’ supply chain to be more agile, resilient, and sustainable, and she oversees global supply chain operations, including procurement, manufacturing, logistics, and quality control. The post aim10x Executive Council has added a new influential leader in the consumer electronics industry.

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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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RS Integrated Supply’s Costanza Campi to speak at World Procurement Excellence Summit

Synovos

RS Integrated Supply’s Costanza Campi to speak at World Procurement Excellence Summit WARRINGTON, UK / RADNOR, PA 8 AUGUST 2023 – Costanza Campi, Senior Vice President of Global Procurement for RS Integrated Supply, has been selected to present at the upcoming World Procurement Excellence Summit in Cologne, Germany.

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What’s the difference between purchasing and procurement?

Unleashed

Procurement and purchasing are often used interchangeably to describe the role of procurement. What is procurement? Procurement is the process of purchasing a service or a good, usually on a large scale and for commercial purposes. What are the steps in the procurement process? Choose the best supplier.