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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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Asian Paints Successfully Digitizes the Source to Contract Process in Collaboration with Ivalua & Durvah

ivalua

Rapid Optimization of Contract Management, Supplier Management and Direct Materials Sourcing. This deployment is another significant step forward in the digital transformation of their overall supply chain processes, a journey that started last year with the successful rollout of Ivalua Sourcing solution for direct materials. .

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The Evolution of Automated Storage Systems: What’s Next?

Invata Intralogistics

In the fast-moving world of logistics, the evolution of automated storage systems (AS) is a significant step into the future and an indispensable leap in the present tense. The Dawn of Automated Storage The Industrial Revolution created the need for better storage and retrieval systems. Looking to the Future: AS 4.0

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Walmart and the Past, Present, and Future of RFID

AB&R

This announcement followed a successful trial run with an RFID system in 2002. To make the most of an RFID system and maximize visibility, we recommend tagging all your items. This is not only because it is cost-effective, but it prevents you from accidentally creating a split system. HAVE QUESTIONS? WE’RE HERE FOR YOU.

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What does the German Supply Chain Act Mean for Procurement?

ivalua

In compliance with the Act, companies are required to implement a supply chain management system that adequately identifies and mitigates risks, conducts reporting and creates remediation mechanisms. For procurement organizations, the German Supply Chain Act presents both challenges and opportunities. Fines of up to €8 million .

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How to Hurdle the Biggest Barrier to Supply Chain Transparency: Data

Logistics Viewpoints

Proprietary warehouse, transportation , and labor management systems bolted onto legacy ERP systems, all “enriched” with off-the-shelf and bespoke software solutions, are a recipe for disaster. Every system in your network collects it and stores it somewhere. The answer: Get Your Story Straight. Your “story” is in your data.

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What Georgia-Pacific Is Doing With Causal AI Is Remarkable

Logistics Viewpoints

To solve this problem effectively, the system must also proactively identify potential bottlenecks, resource constraints, and delivery delays. IT systems can be part of the problem. However, complex process manufacturing presents a much more difficult ATP problem than is typical in discrete industries.

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