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Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

Strategic sourcing and innovative solutions are often viewed as two distinct procurement tools, but they should not be seen in isolation. Think of them as apples and gearseach essential and effective on its own, yet when combined; they create a formidable mechanism for achieving procurement excellence.

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Save the Planet and Secure the Global Food Supply Chain

Enterra Insights

Jacobson , a professor of Computer Science at the University of Illinois at Urbana-Champaign, explains, “For many, going to the grocery store to purchase food or visiting a favorite restaurant are activities we often take for granted. However, we shouldn’t become complacent. We believe such food items will always be available.

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How is the Logistics Economy Holding Up?

Logistics Viewpoints

Source: J.P. I also looked at changes in exports by the US, Europe, and China. The report for August (released in late September) shows negligible changes in the aggregate. Manufacturing Purchasing Managers Indexes The J.P. However, imports of industrial supplies appear to be declining.

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Demand Planning: Whipped And Chained by Tradition

Supply Chain Shaman

I know that your primary focus is procurement. For LKQ Europe , as shown in Figure 1, testing on brake pad distribution showed that the bullwhip effect was 48% between channel demand and the customer order. The distribution models were never tested when implemented. Or planned orders to purchase orders?) The reason?

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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. They are more likely to shop for discounts and sales and may delay purchases of some items.