Remove Examples Remove Innovation Remove Procurement Analytics Remove Supply Chain Visibility
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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

As part of the larger procurement process, sourcing involves finding and evaluating suppliers for goods or services that need to be purchased. Goals beyond the best purchasing price fall into strategic sourcing. Simple sourcing takes less time to execute and requires fewer resources to plan, but can cost more down the road.

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction. A pull system is better than a push system.

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Visibility: If Only I Could See

Supply Chain Shaman

Examples include Enterprise Resource Planning (ERP), Warehouse Management (WMS_ or Advanced Planning (APS). In contrast, visibility does not. The IT taxonomy for visibility is supply chain analytics. Why the Focus Today on Visibility? Supply chains are complex. Visibility Maturity Model.

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Gaining Supply Chain Visibility with a Three Tiered Approach to IT Innovation

RFgen

Coordinating data across the supply chain is a key component of end-to-end supply chain visibility. Information technology advances are emerging as a prominent option for businesses facing mounting pressure across their supply chain, inventory management and fulfillment services.

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Gaining Supply Chain Visibility with a Three Tiered Approach to IT Innovation

RFgen

Coordinating data across the supply chain is a key component of end-to-end supply chain visibility. Information technology advances are emerging as a prominent option for businesses facing mounting pressure across their supply chain, inventory management and fulfillment services.

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Supply Chain Agility: What is It & How to Improve Yours

Unleashed

Three reasons why it’s important to improve supply chain agility: Remain adaptable to market changes: Responding quickly and effectively to changes in customer preferences, demand patterns, and product innovations helps you to capture new opportunities and gain a competitive edge.

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The Importance of Transparency in Supply Chains

Enterra Insights

Jennifer Furey and Rebecca Harris, attorneys at Goulston & Storrs, report, “Millennials are expected to inherit approximately $30 trillion in assets over the next 30 to 40 years. ” You might be thinking, “That sounds like supply chain visibility. performance-based metrics. ”[3].