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Supply meets demand: New sourcing automation solution targets ocean freight procurement

Manufacturing & Logistics IT

Global provider of Intelligent Sourcing Automation, Keelvar, has launched its new AI-powered ocean freight sourcing automation solution

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Why Digitalizing Sourcing is a Must for Supply Chain Resilience

Logistics Viewpoints

The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Digitalizing sourcing (i.e., Procurement sourcing

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Improving on Strategic Sourcing

Logistics Viewpoints

These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. Procurement/Sourcing Transportation Management Systems transportation management system transportation sourcing

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Teaching Cases – “Global Sourcing at Nike” and “IKEA Goes Online”

SCM Research

The first is called Global Sourcing at Nike and takes the perspective of Amanda Tucker, Vice President of Sourcing at Nike (authors: Michael W. It is always exciting to discover new teaching cases, especially when they are of very high quality.

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LinkedIn + ZoomInfo Recruiter: Better Data for Better Candidates

Check out our latest ebook for a guide to the in-depth, wide-ranging candidate and company data offered by ZoomInfo Recruiter — and make your next round of candidate searches faster, more efficient, and ultimately more successful.

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FMCG Sourcing: 4 Frequent Flaws to Avoid

Enchange Supply Chain Consultancy

FMCG Dave Jordan Sourcing supply chain excellenceThe Enchange Supply Chain House is available for those wishing to embark on a structured, medium-term journey towards Supply Chain excellence. What about those companies who need change now with no time to waste?

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Guide to FMCG Supply Chain – Sourcing Function

Enchange Supply Chain Consultancy

The all-encompassing Planning function was the focus of the most recent article and this time we look at Source or Sourcing and this discipline is not as straight-forward as the name may suggest. Dave Jordan Supply Chain Supply Chain House Sourcing

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Agile Strategic Sourcing for a Resilient Supply Chain

The Logistics & Supply Chain Management Society

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing plays a crucial role in supply chain continuity.

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If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

Logistics Viewpoints

Because of the pandemic, risk management surrounding sourcing has become top of mind. Companies need to ensure they have alternate sources of supply that can ramp up to the volumes needed. The post If Multi-sourcing is a Best Practice, Why Are so Few Companies Doing It?

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Contract Compliance and Strategic Sourcing

EC Sourcing Group

Contract Compliance and Strategic Sourcing. Contract sourcing and strategic sourcing are two different strategies that ensure you are able to get the best deals from your suppliers while still adhering to company policy. What Is the Importance of Strategic Sourcing ?

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The Ultimate Guide to Executive Recruiting

Sourcing the right executive candidates and filling key managerial roles in an organization can be difficult, even in the best of times. Download this eBook to level up your discovery process, talent sourcing, and strategies for reaching your best-fit candidates.

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Considerations for China Plus Supply Chain Sourcing Actions

Supply Chain Matters

based Qualcomm ’s revenues from Vietnamese sourced chip facilities many of which supply other high tech firms such as Samsung, tripled between 2020 and 2022. billion in population will be the linchpin of an alternative sourced Asian supply network.

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Inflation + Source-to-Pay Strategies: The Cure for the Common Price Hike

ivalua

One way of doing this is by leveraging Source-to-Pay (S2P) solutions, which can provide procurement with the tools needed to manage their supplier relationships and identify opportunities for cost savings.

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Top 10 Tips to Effective Sourcing Execution in S&OP

Enchange Supply Chain Consultancy

FMCG Dave Jordan Sourcing supply chain excellence SUPPLY PLANNINGThe Enchange Supply Chain House ; the one-stop shop for the elements you need to achieve supply chain excellence.

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Supply Chain Sourcing and Buying 101

ProcurePort

• There is a lot of work that goes into a company’s sourcing and buying activities beyond just the transaction. In many cases, the nature of the transaction and the intended frequency of purchase will dictate the sourcing process. • Strategic Sourcing

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Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

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What Is Vendor Sourcing?

EC Sourcing Group

What Is Vendor Sourcing? Generally speaking, vendor sourcing is when you choose vendors to supply you with either goods or services. In years past, vendor sourcing could be an intricate and lengthy process. Auction Vendors: The Basics of Vendor Sourcing.

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??Meeting the Demand in Sourcing and Procurement

EC Sourcing Group

??Meeting the Demand in Sourcing and Procurement. In recent years, considerable efforts have been made to simplify and streamline sourcing, procurement, and overall supply chains to meet demand more effectively. Sourcing and Procurement Optimization : Speed and Transparency.

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Why Traditional Sourcing Methods are Holding You Back

EC Sourcing Group

Legacy sourcing methods work against you. From lost opportunities to higher costs, outdated sourcing methods and traditional sourcing strategies can impede your success and the growth of your business. Sourcing Strategies in Procurement: What Is Traditional Sourcing?

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How Can Sourcing Be Improved?

EC Sourcing Group

Sourcing is a vital piece of procurement and the overall supply chain itself. However, just about anything can be improved upon, and sourcing optimization and optimized operations can help streamline the process. Sourcing Optimization: Have a Sourcing Calendar or Pipeline.

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CIO: Here's Why Analytics is Eating the Supply Chain

Life science companies are adopting innovative cloud technology to provide a single source of truth for end-to-end supply chain decision-making

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Empower Better Sourcing Decisions with a Digital Supply Chain Platform  

Logility

And it all begins with sourcing. You can’t manage your sourcing without data, and that requires a single source of truth – a repository for all types of audits and scores. Sourcing management for strategic outcomes.

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The 7 Steps in the Strategic Sourcing Process

All Things Supply Chain

With the advent of COVID-19 pandemic, supply chains and demand have been massively disrupted and are causing inventory issues, unclear delivery reliability, and a significant risk in single-source supplier circumstances.…

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What Does “Good” Look Like: Strategic Sourcing

ivalua

So what does “good” strategic sourcing look like? The primary difference between Strategic Sourcing and “good” Strategic Sourcing is contextualized flexibility. Good” strategic sourcing…. Once again, up-front exploration expands the value proposition of sourcing.

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ToolsGroup Announces Inventory Hub®, the Single Source of Truth for Real-Time Data Across the Enterprise

ToolsGroup

BOSTON — January 16, 2023 — ToolsGroup , a global leader in retail and supply chain optimization software, today introduced the launch of Inventory Hub®, a Dynamic Data Unification Platform that provides retailers with a “single source of truth” for inventory data across their enterprises. “As

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A Supply Chain Leader’s Guide to Managing Disruption With Modern Analytics

Learn to manage disruption with modern supply chain analytics.

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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.

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ANNOUNCING: ProcureCon IT Sourcing 2022

Supply Chain Brain

ProcureCon IT Sourcing is back LIVE and IN-PERSON in the heart of Boston, MA at the Westin Copley Place this July 18 – 19, 2022

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Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing?

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Ethics in Sourcing and Procurement Management

EC Sourcing Group

Ethics in Sourcing and Procurement Management. Read on to learn more about procurement management and ethics, how to spot unethical behavior, and how your eSourcing software can help you pave the way to an ethical and risk-free sourcing and procurement process. Illegal sourcing.

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End to End Supply Chain Visibility - Solving The Data Problem

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What Makes the Best Sourcing Software?

EC Sourcing Group

Sourcing is an integral part of procurement management and an upstream part of the supply chain, affecting its overall success. Sourcing is the acquiring of goods and services needed to run a business or make a product. . What Are the Benefits of Sourcing Software ?

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Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing is the heart of today’s global supply chains, and decisions made on sourcing impact everything from transportation and shipping costs, to both social and regulatory compliance concerns. Sourcing decisions can complicate or simplify this process.

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Global Supply Chains — A Source of Strength

Enterra Insights

3] Following year-long discussions about supply chain resilience, the Economist reminds us, “Resilience comes not from autarky but from diverse sources of supply.”[4] The post Global Supply Chains — A Source of Strength first appeared on Enterra Solutions.

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Top 10 Tips to Build a Partnership Driven FMCG Sourcing Operation

Enchange Supply Chain Consultancy

Now is the time to take a deeper-dive look at what you need in place to obtain the best value from your Source discipline. Dave Jordan Supply Chain Supply Chain House Sourcing supply chain excellence procurement

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The Digital Logistics Provider: Delivering a New Level of Service in the Age of IoT

In response to the growing complexity of the modern global supply chain, logistics service providers are embracing digital supply chain solutions powered by new IoT tracking technologies and data analytics.

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Strategic Sourcing Solutions to Enhance Your Bottom Line

EC Sourcing Group

Strategic Sourcing Solutions to Enhance Your Bottom Line. Strategic sourcing is vital to procurement and the supply chain overall, as it allows companies to gain the lowest cost of a good or service while minimizing supply chain risk. What Is Strategic Sourcing?