Remove Inventory Remove Sourcing Remove Supplier Management Remove Transportation
article thumbnail

How to Navigate ESG Risk with Supplier Management Software

QAD

This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market.

article thumbnail

Real Benefits of Artificially Intelligent (AI) Inventory Solutions

Clear Spider

AI inventory solutions create more powerful and adaptive supply chains. Supply chain managers need to be able to cut through the noise of massive amounts of data with a powerful tool. One of the key drivers of supply chain resilience is the use of artificial intelligence and machine learning algorithms in inventory management.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sourcing and Procurement: One but Not the Same

Precoro

As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Understanding their distinction can help you ensure the coordination between the responsible teams and adopt the right strategies for improving both sourcing and procurement. Creates vendor and supplier relations.

article thumbnail

Inventory Management Strategies of 7 Successful Firms

Unleashed

Here we break down the inventory management strategies of seven successful manufacturers and retailers around the globe. These examples show there isn’t a benchmark inventory management strategy that trumps all others.

article thumbnail

What is Supply Chain Management? Importance & Benefits

QAD

Supply chain management (SCM) is essential to any business strategy. Facets of this broad field include demand planning, inventory management, logistics, acquisitions and partner management. Supply chain management is never boring, and there’s always more to learn. What is Supply Chain Management?

article thumbnail

Eliminate the Bullwhip Effect – Communicate with Your Suppliers

QAD

Common results of the bullwhip effect are excess inventory and associated cost increases, lost revenue, unnecessary capacity and a less-than-optimal customer experience. Integrated Supplier Management. Causes of the Bullwhip Effect. Getting to a More Adaptive Supply Chain.

article thumbnail

Businesses Responding to High Inflation and Supply Chain Inventory Concerns

Supply Chain Matters

Inventory Management Assessment- Samsung Electronics. We noted in our editorial likely needs for comprehensive inventory management assessments especially given the risk of higher working capital costs are a result of higher interest rates. Samsung ’s inventory balances reportedly reached the equivalent of $36.9