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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?

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Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

Companies with advanced supply chain practices excel in delivering quality third-party logistics management, SKU optimization, efficient transport management, and swift handling of B2B/B2C shipments. This partnership improves inventory management, particularly for medicines with limited shelf life, utilizing dedicated storage facilities.

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Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

Many companies buy forward inventory ahead of tariffs being implemented. This strategy, however, may incur additional warehousing and storage costs, and firms may experience accounting challenges where an inventory is considered an asset, which could affect cash flow. Operational strategies. Buying forward. The “first-sale” rule.

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Top 10 Supply Chain YouTube Channels to Subscribe

SCMDOJO

The Supply Chain Analytics Channel is funded by the Ministry of HRD government of India as part of its National Program on Technology Enhanced Learning (NPTEL). 3) CIPS – Chartered Institute of Procurement and Supply | 16.3k Procurement Jobs in Future. Procurement Jobs in Future. Subscribers. Subscribers.

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July 2022 Global Manufacturing Indices Indicating Declining Momentum

Supply Chain Matters

Also highlighted was that purchasing activity, stocks of purchases and finished goods inventories collectively rose in July. The top three regions exhibiting PMI growth were that of India, Australia and the Netherlands. The July S&P Global India Manufacturing PMI® reportedly rose to an eight-month high of 56.4, slipping 2.3

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Sustainable Supply Chain Management.

ModusLink Corporation

When the product has a defect after its production, it is sent back to the inventory to reuse or recycle it. Sustainable procurement: consists of environmentally friendly purchasing that carry reduction, reuse, and recycle. Calcutta, India: IGI Global. Bangalore, India: Elsevier Ltd.8). Companies in India.

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Global Manufacturing Activity Levels Continue to Stabilize in March and Q1-2023

Supply Chain Matters

However, we discern some added signs excess inventories and of production sourcing shifts. That is a positive sign Of continued interest was that India and Thailand indexes (included in our highlights below) reflected the quickest rates of expansion. The S&P Global India Manufacturing PMI® reported a value of 56.4