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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Procurement is a complex and dynamic process involving strategic planning and several stages of execution, from sourcing to paying and reporting. Supply chain management, purchase requisitions and orders, budget management, and three-way matching – all these processes are integral to procurement as a whole.

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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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This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

Dick’s Sporting Goods Beats Forecast in Q1 But Cautions on Inflation, Supply Chain. Walmart and Symbotic Expand Partnership to Deploy Automation System. This builds upon a prior agreement for 20 regional DCs, some of which have already begun implementing Symbotic’s technology. And now on to this week’s news.

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The Importance of Visibility In the Supply Chain

Precoro

In today’s globalized economy, extraordinary events on one continent can be felt worldwide, as companies tend to have complex supply chains involving suppliers from multiple countries. An undisturbed supply chain is vital for continuous production and, as a result, for customer satisfaction.

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De-Carbonising Road Freight Operations: Bridging the Know-Do Gap

The Logistics & Supply Chain Management Society

While many sectors can already report decreasing greenhouse gas (GHG) emissions, logistics continues to be seen as a hard-to-abate sector given its current growth rates and its persistent dependence on fossil fuels. These are some examples of large players making bold moves, often involving low-carbon fuels and related engine technology.

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Manufacturing Inventory Management: The Manufacturer’s Guide

Unleashed

It refers to the process of purchasing, storing, and tracking the various goods required to build a product. The goal of manufacturing inventory management is to balance the supply and demand of products and minimise manufacturing costs and waste. For this reason, food manufacturers in particular run a high risk of spoilage and waste.

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Supply Chain Best Practices during a Quarantine

SupplyPike

Learn how to: Keep your logistics on time and prepared Maintain your replenishment goals Properly forecast and redefine your demand plan Use technology to help. Shortages, extreme demand, and panic buying are causing issues up and down supply chains. Another solution is to create inventory reserves. Forecasting.