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

The Logistics & Supply Chain Management Society

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.

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What Can You Do to Ensure Your Supply Chain Stays Compliant?

Logility

As global supply chains and procurement scrutiny become more and more complex, risks increase and the range of stakeholders who demand a compliant supply chain has increased from simply regulators to investors, providers, partners, consumers, and the media. Having a 365-degree view of every vendor in your supply chain is imperative.

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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. Customer-Centric Supply Chain.

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Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

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Raw Material Inventory Management: Manufacturer’s Guide

Unleashed

Raw material inventory management oversees the procurement, handling, and storage of raw materials. When you know the value, location, and quantities of your stocked items you’re in a better position to make informed decisions around procurement and sales – ultimately resulting in reduced production costs and improved profitability.

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What is SKU Rationalisation? Process, Benefits, Best Practices

Unleashed

Using metrics such as inventory turnover rate , sell-through rate, and gross margin return on investment allows you to monitor your inventory performance more effectively. Procurement fees : This covers the total cost to you of sourcing and purchasing your products from suppliers or manufacturers. Improved inventory accuracy.

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Misnomer

Supply Chain Shaman

They had seen my videos on the website and needed a speaker for their global kick-off meeting. The team was organized around the functional silos of source, make and deliver. Today, 60% of sourcing organizations and 45% of manufacturing organizations report through the supply chain organization.” What do you think?