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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.

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Direct Spend Management: A Checklist for Enabling Shared Value with Direct Suppliers

Logistics Viewpoints

An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing.

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Advanced Supply Chain Planning with Probabilistic Forecasting

ToolsGroup

Advanced supply chain planning is being transformed by probabilistic forecasting , which revolutionizes demand forecasting, supply planning, and inventory optimization. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. The result?

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.

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The 2023 Supply Chain Crystal Ball: Challenges and Solutions

Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst

By researching the supply chain challenges and solutions that businesses – especially small and midsize businesses – are currently experiencing, we’ve learned what’s working and what’s not. Forecasting techniques to manage inventory. Procurement strategies in response to network delays and bottlenecks.

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Why Organizational Alignment is Critical to the Supply Chain Response

Supply Chain Shaman

Now the writing follows the research. I mix the quantitative research with my observations and interviews, and the posts seem to roll from my fingers. If you would like to participate in a current research study, we would love your help and participation in the contract manufacturing study. (If It was a struggle!)

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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.