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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Traditional contracts rely on manual verification, third-party intermediaries, and complex legal frameworks, leading to delays, disputes, and increased costs. Intermediary costs Third-party auditors, banks, and brokers drive up expenses. Lost goods, fraud, and counterfeiting cost businesses billions of dollars annually.

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Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

They integrate AI into demand forecasting, inventory optimization, and logistics operations to improve efficiency, reduce costs, and mitigate risks. Companies must react after the fact, often incurring higher costs and reduced service levels. Amazon is a leader in AI-driven supply chain management.

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Global Supply Chains in Flux as U.S. Tariffs on Canada, Mexico, and China Take Effect

Logistics Viewpoints

The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods are expected to increase production costs, disrupt logistics networks, and force companies to rethink supply chains. Vehicle production costs in the U.S. Negotiating supplier contracts for localized parts production in the U.S.

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Top 12 Most-Read Supply Chain Articles Of SCMDOJO 2024

SCMDOJO

Dive into our curated list of the top 12 blogs from 2024 that will elevate your supply chain knowledge and give you a competitive edge. However, it covers key differences between purchasing and procurement, explores common contract types, and emphasizes the importance of strategic sourcing, supplier relationships, and risk management.

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Top 10 Hottest Courses at SCMDOJO Academy 2024

SCMDOJO

SCMDOJO Academy elevates your procurement and supply chain skills through its extensive course library. Continuous learning is crucial for professionals to stay ahead of the curve and enhance their skill sets. Moreover, it covers written and verbal communication skills, negotiation techniques, and conflict-resolution strategies.

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How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

As businesses strive to enhance efficiency, resilience, and sustainability, the demand for skilled supply chain professionals has never been higher. This blog explores how MTSS platforms can be strategically utilized to build the competencies necessary for success in supply chain management.

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Optimize Your Freight Spend Without Negotiation

Talking Logistics

Companies across all industries are dealing with rising transportation costs and a key question many CEOs, CFOs, and supply chain executives are asking is, “What can we do to better manage and control our freight spend in today’s market?” The second question we get is what strategies can we implement to lower our transportation costs.