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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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Supply Chain Department – A Typical Structure

SCMDOJO

While Its primary purpose is to manage the entire process, from procurement to delivery, efficiently and cost-effectively, it also coordinates with production to automate processes and planning, etc. Watch What is Marketing Procurement? on our SCMDOJO YouTube Channel! Why do you need a structured Supply Chain Department?

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How to Set Corporate Goals for Supply Chain ESG

SupplyShift

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. Secure Buy-In Finally, companies must communicate their ESG scope, metrics, and strategies to the stakeholders who will make or break their initiatives. How will you improve supplier buy-in?

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How to Set Corporate Goals for Supply Chain ESG

SupplyShift

For companies struggling to prioritize or identify their overarching goals, SASB’s materiality matrix is another excellent starting place. These goals fall into one of two primary types: Absolute goals , which only take KPIs into account—for example, reducing GHG emissions 30% by 2025. Secure Buy-In. Source: sasb.org.

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Purpose of SCM Analytics Supply chain analytics aims to provide insight and extract value from the large amounts of data associated with the procurement, processing, and distribution of goods. Diagnostic analytics: Diagnostic analytics focuses on understanding the underlying causes of issues or trends in past and current data.

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Nokia’s Johannes Giloth about bringing demand planning to board level

Supply Chain Movement

In 2013 Nokia took full ownership of Nokia Siemens Networks, buying the other half of the venture from Siemens, and 2014 sold its handset business to Microsoft. Nokia is currently preparing for another major change, its purchase of Alcatel-Lucent, which is expected to close in Q1 2016. By Helen Armstrong. It’s a one-stop shop.”.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

They also need to keep a track of the seasonality trends and new product introductions which can impact demand forecast numbers. . Also, since online and offline store channels operate differently with different KPI targets, creating optimum inventory levels to manage all of this could be a challenge. . Inventory strategy.