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Automating Procurement and Supplier Relations to Alleviate ESG Concerns

QAD

It is no secret that procurement executives are constantly seeking innovative ways to maximize efficiency and address unexpected supply disruptions. However, procurement is evolving into much more than the most cost effective option since the cheapest option often involves real world atrocities like child and forced labor.

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Understanding the Salaries in Supply Chain Management

SCMDOJO

From entry-level positions such as procurement officers and logistics coordinators to higher-level roles like supply chain directors and vice presidents, each comes with its own set of responsibilities and corresponding salary ranges. per hour. .

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When It Comes to Planning, Please Vote with Ike!

Supply Chain Shaman

The 34th president of the United States (1953 to 1961.). I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. ” Dwight D.

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Is Inventory Waste or an Asset?

Supply Chain Shaman

It is Labor Day weekend in the United States, and the plane is full. We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. My Insights.

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Supply Chain Planning Solutions are Not Just for the Big Boys

Logistics Viewpoints

Myers Industries (NYSE: MYE) is headquartered in Akron, Ohio in the United States. In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company.

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What are the best Supply Chain Strategies for 2021

ivalua

For example, China and the United States are ranked 1 and 2 respectively for the production of rare earth elements, but this is deceiving as China is producing 5 times the amount of the United States. Materials like rare earth elements have a high concentration in Asia. Supply Chain Resilience vs Low-Cost Supply Chain.

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Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Demand forecasting.