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What is Sourcing? Definition, Strategy, & Difference Between Procurement and Sourcing

ShipBob

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

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Achieving Maturity in Risk Management Takes Years

Logistics Viewpoints

Supply Chain Risk Management Solution from riskmethods. If I was asked to vote for the most interesting solution set that has come to the fore over the last few years, my vote would be for supply chain risk management solutions. Supply Chain Risk Management Vendors.

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Allianz Safety and Shipping Review- The Good and Not Good

Supply Chain Matters

Supply Chain Matters provides highlights for the recently released Allianz Safety and Shipping Review 2024 Report. Safety and Shipping Review 2024 Report Global commercial and specialty insurance provider Allianz Commercial has released its annual review of trends and developments in global shipping and safety.

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2024 Predictions for Industry and Global Supply Chains- Prediction Two

Supply Chain Matters

Prediction Background In our prior 2023 predictions published a year ago, we included two separate predictions related to how supply management and their strategic sourcing teams would encounter an added focus on business strategy alignment.

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A Guide to Supply Chain Software Risk Management

QAD

There are different types of software risks to consider: Custom code software applications – Also referred to as bespoke software, it’s explained as “the process of designing, creating, deploying and maintaining software for a specific set of users, functions or organizations.”. What Are Supply Chain Software Risk Management Strategies?

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Peloton’s Supply Chain Strategy Turnabout

Supply Chain Matters

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. The company will henceforth outsource the manufacturing of its stationary exercise bikes and treadmills to a Taiwan based contract manufacturer. Pivot Toward Internal Manufacturing Presence.

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2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

The increased cost of working capital and supplemental inventory levels to mitigate fulfillment risk is likely to revert back to just-in-time inventory management. Concurrently, supply chain leaders will be expected to continue efforts directed at instilling added supply network resiliency and tactical based agility.