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The 10 Procurement Metrics that Matter in 2021

Unleashed

A robust procurement strategy should explain how an organisation seeks to optimise the businesses external spend, procurement costs and other value contributions such as product innovation, spend reduction and process efficiency. Creating new opportunities by investing in supplier partnerships and joint innovations.

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Innovation in Supply Chain Management: Driving Efficiency and Success

American Global Logistics

In today's rapidly evolving business landscape, innovation has become a key driver of competitive advantage. This article explores the importance of innovation in supply chain management and highlights key areas where innovation can revolutionize traditional practices. Recycling and reuse lend themselves to innovation.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

This means building a cognitive engine to sense, learn, and adapt using market data for innovators. The focus of the transportation suites was on cost mitigation and price negotiation. Watermelon Metrics Don’t Drive The Right Results. I love the metaphor of watermelon metrics. What are functional metrics?

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Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains

The Logistics & Supply Chain Management Society

Source: IDC, Future Enterprise Resiliency & Spending Survey – Wave 2, April 2023 In a supply chain context, knowledge management applications refer to the use of generative AI to capture, store, organize, and leverage large datasets and insights generated throughout the supply chain processes.

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Environmental Sustainability in Logistics

Logistics Viewpoints

In the survey, APQC used a series of performance metrics, including net promoter score, customer retention rate, perfect order performance, and on-time delivery among others, to identify the top performing companies. Below are the results from the cross-industry report for environmental sustainability.

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Food Waste is a Big Problem That Can be Solved

DELMIA Quintiq

According to the UN Environment Program’s Food Waste Index, 923 million metric tons of food is wasted globally every year. However, the bigger share of food that goes to waste happens in supply chains, which differs from food waste and is referred to as “food loss.” Innovative recipe and formulation management is key.

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5 Best Logistics Books to Keep Within Reach

Supply Chain Opz

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. The links below are paid links.