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How supplier collaboration is changing the game in procurement

Proxima

I’d wager that it gets used as much for effect today as it does to describe activities and situations that are truly collaborative. Collaboration must be up there as one of the most frequently used words in event agendas or strategy presentations in procurement circles. So, why so popular now?

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What manufacturers need to know about IIoT

SYSPRO Smarter ERP

In 2018 a Forbes magazine published an article entitled “Every company is a data company” in which the authors urged all companies to use data as a core asset. Using data has the potential to open up new business models, technologies, and an ecosystem where anything-as-a-service is possible. IIoT use cases.

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Hidden ROI You Need To Know - Indirect Cost Savings

Freight Plus

The idea is that if a company is going to spend a significant amount of capital, then there should be some return on that money in terms of cost savings or additional revenue earned to justify the expense. Inevitably we are asked to calculate what our service would drive in terms of a return on investment. Indirect Cost Savings.

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Supplier Performance Management – The Ultimate Guide

SCMDOJO

The three terms supplier evaluation, supplier approval, and supplier evaluation are sometimes confused. The three terms supplier evaluation, supplier approval, and supplier evaluation are sometimes confused. Managing and optimizing a supplier’s performance is as essential as it is difficult. Price isn’t everything.

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Inventory Control and Inventory Management

My Office Apps

While the terms can seem alike initially, their few similarities become overshadowed by their core functions. Distribution companies sometimes use unique categorization for inventory items based on size, color, expiration date, and other factors. Inventory Control and Inventory Management. Similar But Ultimately Different.

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How Cold Chain Differs Between the Food and Pharmaceutical Industries!

Supply Chain Game Changer

Cold chains are used both in the food and pharmaceutical industries, and the average temperature ranges between 2 °C and 8 °C, but the specific temperatures and tolerances used will obviously depend on the specific item being transported and stored. Additional environmental parameters such as air quality make work difficult.

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Hidden ROI You Need To Know - Ability to Scale

Freight Plus

Automation is the key to scale and using a robust managed system with integrated technology is the first step in automating your transportation program and driving repeatable, profitable growth. In part three I will explain why carriers are more likely to provide long-term rate control if you are in a digital environment. In part one.