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The One Key Shift in Your Supply Chain and Procurement Strategies that can Drive Better Business Continuity and Resilience

Logistics Viewpoints

In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. The purchasing of products at companies can be looked at in terms of two major dimensions: supply risk and impact on production (Figure 1).

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Top 5 KPIs for Purchasing Managers

Precoro

The purchasing department plays a critical role in the success of an organization. Thought-out practices and well-managed workflows within the purchasing department are crucial for making sure that the company has the necessary resources available at the right time and at a reasonable cost.

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Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

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Why is o9 Solutions Growing So Fast?

Logistics Viewpoints

Chakri Gottemukkala, CEO at Supply Chain Planning Vendor o9 Solutions There are several young supply chain software companies that are unicorns. One of the more interesting is o9 Solutions. In January of 2022, Dallas-based o9 Solutions was valued at $2.7 A unicorn has a valuation of over $1 billion.

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5 Models of AI for Supply Chain Risk Management—And Why They Matter

Resilinc

Currently, Resilinc uses several predictive AI models in tracking purchase orders (POs) and commodities, autonomous mapping, risk-scoring models, and simulators. Regression Models: Predict Purchase Order Delays What are regression models? Watch the video below to learn more about our Purchase Order Delivery Delay Prediction Engine.

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What You Should Know About Retail Logistics

3PL Insights

Retail logistics is responsible for delivering products to customers both in physical stores and online. This process starts from the moment a product is sourced from the supplier to the customer. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

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Happy Groundhog Day

Supply Chain Shaman

As a result, the term Groundhog Day is synonymous for a person reliving a series of repetitive, and monotonous events. During the period of 2016-2020, we hosted quarterly events, and monthly calls, to encourage inter-operability testing between network providers and the building of open canonicals. I feel the pain. The gaps are large.