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Unlocking Efficiency with AI in Business Process Automation

Elementum

Gone are the days of tedious, manual processes; today, AI-powered solutions are streamlining operations, enabling businesses to focus their human resources on strategic initiatives rather than routine tasks. It supports vast data storage, high computational power for AI algorithms, and enables the integration of diverse BPA tools.

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16 Cost Reduction Strategies in Inventory Management

Unleashed

Another technique you can use is to audit existing relationships with suppliers to ensure transactions are running as smoothly as possible – a method used by business and government organisations alike. Using this strategy improves efficiencies in product delivery, frees up capital and reduces warehousing costs.

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Putting the Supplier Experience at the Forefront of Strategic Procurement

HICX Solutions

SXM Webinar Series with Art of Procurement. In the first of a three-part Art of Procurement Live Webinar Series ‘Putting the Supplier Experience at the Forefront of Strategic Procurement’ in partnership with HICX, we focus on how to make the business case for Supplier Experience Management (SXM). .

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Cost of Goods Sold Formula (with examples)

Unleashed

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

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How Returns Management Works: Process, Tips, & Best Practices

Unleashed

Returns management is the process which governs returned goods from customers. If you’re selling products, your customers should feel confident that they can negotiate with you in the event their purchased goods arrive damaged, incorrect, or are no longer required. In this returns management guide What is returns management?

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Top 3 Challenges Facing High-Tech and Semiconductor Supply Chains

Resilinc

Resilinc’s Rick Freeman weighs in on the future opportunities for high-tech and semiconductor companies Despite the stabilization of the high-tech and semiconductor supply chain, the industry still faces pressure due to ongoing import/export restrictions and changing regulations governing semiconductor production and sourcing.

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PepsiCo’s Massive, Complex, and Difficult Greenhouse Gas Initiative

Logistics Viewpoints

On November 4 th , I interviewed Jim Andrew, the Chief Sustainability Officer at PepsiCo, about their environmental, social, and governance (ESG) program. 294 manufacturing facilities produced more than 90 million metric tons of food and beverage in 2021. Scope 2 emissions are indirect emissions from purchased energy.