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How to Choose a 3PL/4PL during Supply Chain Disruptions

American Global Logistics

Supply chain disruptions were plentiful in 2022, and they’re projected to continue into 2023 and beyond. Disruptions forecasted to continue or increase include operational and technological risks, strategic risks, legal, regulatory, and compliance risks, and financial risks. Hence, we have the New Normal.

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Enhancing Procurement Excellence Through the Power of Negotiation

Procurement Academy

Advance Procurement Excellence with Expert Negotiation Strategies With procurement excellence comes multidimensional skills. By identifying cost-saving opportunities like bulk purchase discounts, they can significantly impact both an organization’s profitability and market competitiveness.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

So, rather than get overly prescriptive, I’ll use this blog post to highlight some companies that have achieved success through excellence in inventory management , and outline some of the most effective elements of their strategies. But consider, too, how you can turn those needs to your advantage in inventory management.

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Use Forward Buying to Gain Profit During Inflation

Herlitz Inventory Management

If ever there was a time to take advantage of forward buying, this is it! Knowing that forward buying is important is only step one. To do so effectively, you need to first understand how much extra to buy. How Much Extra Inventory Should You Buy? How to Forward Buy when Vendors Can’t Keep Up.

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The Top 15 Retail Trends for 2022

ToolsGroup

The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. Love it or hate it, daily necessities need to be purchased. With my dog.

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Q&A With Women Making a Big Impact in Supply Chain

ToolsGroup

I’ve worked in enterprise supply chain technology for more than 20 years, and, especially in the earlier years, collaborated in teams where I was the only female in the room. The truth is women have long been underrepresented in supply chain leadership. What challenges have you faced in the supply chain industry?

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Demand forecasting challenges – how to deal with fluctuating demand

EazyStock

Customer behavior continues to be erratic as buying habits reflect current events and news stories rather than actual needs. Accurate demand forecasts are essential, as forecasting problems lead to numerous other supply chain problems. It’s vital to maintain excellent supplier relationships.