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Supply Chain Ethical and Compliance Issue- Volkswagen

Supply Chain Matters

Background Supply chain ethical and social responsibility, that which umbrellas ESG conformance, have increasingly become a concern for businesses, large and small, along with their procurement organizations. Governments including Canada , Germany , and the United Kingdom have enacted special legislation in these areas.

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Adapting Pharmaceutical Companies’ Distribution and Supply Networks

Jaggaer

For more on pharmaceutical procurement, register for our upcoming webinar. The Journal of Translational Medicine indicates that the portfolio size of large pharmaceutical companies is also expanding, with top companies holding 150 to 200 drugs in development in 2016. Other factors, like serialization, should also be considered.

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Caution and Oversight Required in Use of Generative AI Applications

Supply Chain Matters

These areas can often include supply chain planning, sourcing and procurement, customer fulfillment, logistics, transportation and other application areas. Ensure that organizational wide policies, guidelines or restrictions are understood. AI technologists refer to this technology as being “ narrow AI. ”

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Catastrophic Impacts of COVID19 in Bangladesh Apparel Supply Chain

NC State SCRC

An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. Although retail brands are still struggling (e.g.

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COVID-19 and Ukraine Conflict Global Supply Chain News Capsule March 23 2022

Supply Chain Matters

A separate report from The Wall Street Journal indicates that U.S. The Wall Street Journal reported that after reporting full year financial performance last week, Company chairman Young Li indicated that it could take months for a clearer picture to emerge in terms of where global supply chains are headed.

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Five Foolproof Ways to Shorten the Cash Conversion Cycle

Precoro

The European Journal of Accounting, Auditing and Finance Research released a study showing that 51.2% Maintaining some safety stocks or buffer inventories (as a general guideline, the safety stock amount should be the amount of inventory used per day multiplied by the lead time in days). Regularly monitoring inventory levels.

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5 Ways to Improve Finance Operations for SMBs

Precoro

They oversee regulatory reporting requirements, such as filings with government agencies and regulatory bodies, and ensure that the organization operates within legal and ethical guidelines. A key feature of procurement tools is that they let departments set budget limitations and ensure they are met.