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The Dangers of Single Sourcing in Your Supply Chain

Resilinc

Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?

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Sustainability in Procurement: Strategies and Challenges

ivalua

Among these practices are supplier identification through sourcing, relationship management, and reporting. Strategies to Improve Sustainability in Procurement. 55% of our respondents cited collaboration with all stakeholders to set improvement goals as top strategy to improve sustainability.

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Qualcomm’s Answer to the Chip Shortage and Digital Transformation Strategy

Logistics Viewpoints

At the conference, I was fortunate to see a presentation from Brent Wilson, Senior Vice President of Global Supply Chain at Qualcomm. Brent pointed out that Covid created small interruptions for many companies in terms of sourcing semiconductor chip materials. Qualcomm also faced a raw material shortage.

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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

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Industry Outlook 2023: Digital Transformation in Supply Chain, Sustainability and Workforce Present Uncertainty and Opportunity

The Logistics & Supply Chain Management Society

For instance, sourcing of raw materials for battery manufacturing may become the next great supply problem as automakers bet big on electrification in 2023. The third major workforce trend is prospective employees’ changing expectations and needs. Addressing this dynamic workforce market will require a nuanced approach.

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How Green Supply Chain Strategies will help your Company Grow

ivalua

What are Green Supply Chain Strategies? How can large companies address sustainable Supply Chain strategies? Utilising third party data sources such as EcoVadis when reviewing suppliers can enable organisations to start to understand the environmental impact of the suppliers they are working with.

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Strategies for Managing Stress in the Workplace: Advice From 30 Experts Across the Globe

ToolsGroup

Image source: APA. For example, as of March 2022, 81% of Americans say the supply chain is a significant source of stress. Image source. Actual) Strategies for Managing Stress in the Workplace. And the strategies you can add to your daily routine. Image source: APA. In…and out…there you go!)