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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Process: Blueprints for Success This process workstream focuses on blueprinting existing processes, policies, and metrics. You can connect with Vishal on Linkedin You May Also Like Source to Pay (S2P) What is Source to Pay Best Practice? An Analysis by Ivalua Read More : What is Source to Pay Best Practice?

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Metrics that Matter: Customer Service

QAD

Inventory accuracy and minimizing stockouts are very important to customer satisfaction, but a few other metrics also impact the ability to meet customer expectations. Companies can use these metrics to help ensure they are doing everything possible to satisfy their customers at a manageable and sustainable cost. Choosing Metrics.

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Supply Chain Department – A Typical Structure

SCMDOJO

This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Procurement Procurement involves sourcing and acquiring the materials or products needed for production. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

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Mitigate Supplier Risk with QAD SRM

QAD

Am I contributing to society by buying an environmentally sourced and produced product to have a greener planet? Industry guidelines like the Automotive Sustainability Practical Guidance from AIAG also play a role as companies add yet another item to their business agenda – social and environmental responsibility compliance.

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Supply Chain Governance Is Essential to the Ethical Business

Logility

Effective governance requires real-time data to improve sourcing decisions, create and nurture a strong supplier network, and provide the transparency consumers demand. Although both management and governance have the goal of creating a more efficient supply chain, management deals with the products and their efficiency.