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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. With the rising costs of accessorial charges as the freight sat on the dock, moving freight by ocean container grew more problematic.

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A Radical New Way to Think About Supply Chain Management

Logistics Viewpoints

A company buys these solutions to optimize their business. What ARC calls “supply chain collaboration networks,” TCS refers to as “ecosystem commerce platforms.”. Meanwhile, waste is rampant in the freight industry. In the freight industry, these are referred to as empty miles.

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The Impending Ocean Carrier War on Last Mile Fulfillment

Freightos

The ”end” they refer to – whether it’s forwarding, fulfillment, or platforms for B2B or B2C sales – remains fairly ambiguous, spanning an acquisition of fashion logistics company HUUB in September 2021 to an investment in rapid fashion production company Unmade. No end to end-to-end. Accelerating the shift. Image via StarAir.dk).

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An Easy Guide to Purchase Order Terms and Conditions

Unleashed

The purpose of a purchase order. Purchase orders are a crucial part of your purchasing processes. Purchase orders (PO) document the purchasing part of your inventory management system and are legally binding documents. How do you create a purchase order template? What should be included on a purchase order?

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I am MAD!

Supply Chain Shaman

Today, 7% of order and purchase order flows move through business networks. For access to the report on business networks reference this r eport. Lora thinks that we are never too old to learn or to push for excellence. However, inter-enterprise communication moves largely by email. Figure 1: Gaps in Supply Chain Visibility.

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The Reorder Point Formula: Everything You Need to Know

Unleashed

Calculating the reorder point in Excel. To calculate the reorder point in Excel, set up a table as in the image above, and use the formula =SUM(F2+G2) where Column F is your Safety Stock figure and Column G is your Lead Time Demand. Calculating the reorder point in Excel – a caveat. You purchase in batches. Go digital.