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What is Responsible Sourcing?

ivalua

Responsible sourcing is the incorporation of ethical, sustainable and socially conscious principles into sourcing, procurement and overall supply chain management practices. Responsible sourcing requires a shift in thinking and priorities. There is a growing trend among consumers for responsible sourcing or ethical sourcing.

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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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AI Business Process Automation: Revolutionizing Efficiency in the Corporate World

Elementum

AI Business Process Automation: Revolutionizing Efficiency in the Corporate World Artificial Intelligence (AI) is transforming the landscape of business process automation, offering unprecedented efficiency and accuracy. By integrating AI into their core processes, companies are witnessing a revolution in productivity and efficiency.

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Get Ready for Success! 4 Critical Workstreams for Successful Procurement Implementation

ivalua

Up front efforts to define roles and responsibilities, document requirements, integrate with other enterprise systems, and maximize the value of data will be rewarded in multiple forms well beyond the conclusion of the implementation. An Analysis by Ivalua Read More : What is Source to Pay Best Practice? Download Today!

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Optimizing Supply Chain Transparency with Digital Product Passports

Logistics Viewpoints

These passports document all aspects of the life cycle – from the sourcing of raw materials to final disposal or recycling. As a result, DPPs are emerging as a straightforward, common sense solution for meeting these needs efficiently. What Components Comprise a Digital Product Passport?

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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!)

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Build a Digital Playbook Beyond Scenarios to Thrive in Uncertainty

Logistics Viewpoints

Supply chain policies and configurations are tested and leverage reinforcement learning to yield the best possible strategies. By understanding the behavior of the supply chain under diverse conditions, companies can develop strategies that enhance flexibility and responsiveness.

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