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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., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,

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Patterns Tell the Story of Supply Chain Excellence

Supply Chain Shaman

By charting the performance against peer groups, I could see the story. The first step was to find a reliable data set and establish the peer groups. This data source synchronizes corporate reporting across global markets while tracking restatements, name changes, and currency shifts.) We purchase data from Y charts. (A

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Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My first focus was on China sourcing. China was the source of over 90% of PPE.) To adapt, I recommend that companies form two groups: Operational/Business Continuity Group. The design of the second group is to analyze and reformat the supply chain for economic recovery. Recovery Team. Step #5 Safe Manufacturing.

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Aligning Supply Chain Metrics to Improve Value

Supply Chain Shaman

In fact, Estee Lauder has just finished an elaborate deployment of supply chain planning yet is not driving improvement faster than their peer group. Evaluate the performance of L’Oreal against peer group in Figures 3A and 3B. Note that L’Oreal is driving a faster level of improvement and market capitalization than Estee.

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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.

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ToolsGroup-IHL Group 2022 Retail Inventory Study Shows Diminishing Customer Loyalty Due to Out-of-Stock Concerns

ToolsGroup

ToolsGroup’s innovative AI-powered solutions enable retailers, manufacturers, and distributors to outsmart supply chain uncertainty and deliver inventory performance from source to customer doorstep to maximize revenue and profitability. Improving inventory position can help retailers secure consumer loyalty and capture impulse spending.

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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. Strategic Sourcing: The Foundation of Effective Procurement Strategic sourcing is far more than simply choosing suppliers. Done well, it can become a key driver of competitive advantage.