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How Cross-Functional Training Transforms Supply Chain Performance

Procurement Academy

According to Deloitte Insights , 83% of digitally maturing companies use cross-functional teams to improve supply chain performance. Of course, the right training is key to the success of such initiatives, and can have a measurable impact on supply chain performance.

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Ethical Sourcing in Today’s Business Landscape

Bristlecone

In today’s interconnected world, ethical sourcing has transitioned from a “nice-to-have” to a critical imperative for businesses across all sectors. This heightened awareness places a significant responsibility on procurement professionals to ensure that their supply chains align with ethical and environmental standards.

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Safety Stock – Mastering Demand and Supply Chain Planning

ToolsGroup

Through strategic inventory management powered by supply chain planning tools , companies significantly improve customer service levels while maintaining operational efficiency, even when facing unpredictable demand forecasting challenges. Is your business leveraging advanced supply chain planning tools for inventory stability?

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3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

GlobalTranz

Is cost reduction all that there is in measuring Supply Chain performance? Sure, supply chain cost reduction is important in reducing the cost of goods sold (COGS) and increasing profit, but there are other measurements which should not be forgotten. Isn’t time important? What kinds of "time" measurements exist?

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Probabilistic Demand Forecasting: Revolutionizing Supply Chains

ToolsGroup

By enabling more accurate inventory decisions across your entire product portfolio, this approach provides the sustainable competitive advantage needed to elevate your supply chain performance from adequate to exceptional.

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The Importance of Digital Sourcing Applications for Complex, Strategic Sourcing

QAD

One of the most transformative tools in this regard includes, digital sourcing or also referred to as, e-sourcing applications. These digital platforms have revolutionized how businesses approach sourcing by enhancing efficiency, reducing costs and fostering better supplier relationships.

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Agile Strategic Sourcing for a Resilient Supply Chain

The Logistics & Supply Chain Management Society

The complexity and interconnectedness of the global supply chain have led to organisations becoming more dependent on suppliers than ever before. Hence, businesses must undertake the strategic sourcing process to mitigate risks in an uncertain environment and improve retail competition.