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Building the Business Case for Supply Chain Risk Management

GlobalTranz

That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. The same source also informed that the Chartered Institute of Procurement & Supply (CIPS) Risk Index of 2016 was the highest since records have begun in 1995.

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

The Logistics & Supply Chain Management Society

Supply chain data can be challenging to manage due to its unstructured or semi-structured nature and the need to integrate new data sources. Manufacturers, retailers, and logistics organizations can leverage generative AI-powered knowledge management systems to optimize operations and make informed decisions.

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The State of the Trucking Market in 2021

GlobalTranz

Fewer labor resources are available to meet the rising demand in both the warehouse and in transit. ? Talent shortages, especially limited drivers, will exacerbate the capacity crunch and result in shortages across warehousing and transportation simultaneously.? . Proper vetting of carriers helps ensure risk management, and creates?are

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Supply Chain Resilience. Really?

Supply Chain Shaman

Source: Supply Chain Insights ASCM defines resilience in the SCM Supply Chain Dictionary as the ability of a supply chain to anticipate, create plans to avoid or mitigate, and to recover from disruptions to supply chain functionality. I am currently doing research on inventory management. Today, this is not the case.

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Supply Chain Department – A Typical Structure

SCMDOJO

Risk Management The department can proactively identify and address potential risks in the supply chain, such as material shortages, natural disasters, or political instability. This data can be used to identify areas for improvement and make informed decisions about sourcing, production, and distribution. Grab yours now!

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Global Supply Chain Volatility Continues to Moderate But Not Inventory and Warehousing Costs

Supply Chain Matters

According to the September report , growth is increasing for inventory levels, inventory and warehousing costs. Contraction trending was noted for warehousing capacity and transportation costs including an observation that inventory is being consumed at a much slower rate than observed over the last two years. for September.

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How to Manage Supplier Risk and Performance in an Uncertain Global Economy

ivalua

Originally published on Risk Management Monitor. A better way of looking at those relationships is as partnerships—albeit ones that require management and alignment of objectives first and foremost, but ultimately mutually beneficial relationships.