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supply chain inventory optimization

How Supply Chain Inventory Optimization Minimizes Costs

Many companies struggle with supply chain inventory optimization. They need to overcome distributed data and inventory, navigate complex networks of locations, and manage configurations of thousands of parts. Without the right solution, they will blindly make decisions critical to their business operations. To navigate these obstacles, organizations need to: Integrate inventory management to the planning process. Inventory management is the…

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Supply Chain Risks and How to Overcome Them

The changes in business models in the past years have been huge. Start-ups are able to compete with global multi-national companies – thanks to the cloud. However, it is not all good when you abandon the old brick-and-mortar infrastructure. While third party suppliers and service providers allow you to be more innovative and they level the playing field against larger…

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4 Common Supply Chain Pitfalls and How to Prevent Them

The role of the supply chain in an enterprise’s operations are changing. Businesses continue to create value for their customers by providing fast delivery right to their doorsteps and optimizing websites for more convenient mobile experience. While these changes are occurring, several supply chain pitfalls also emerge. This should not be a surprise, considering the number of suppliers involved in a…

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Supply Chain Challenges Ranking by Retailers

A major concern for retailers is the growing challenges in the supply chain. As they look to amplify their growth and expand in new markets, they need to take a hard look at their capabilities and determine if they were enough to support global competition. In order to support their existing and future business objectives, they need to identify these…

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Mitigating Supply Chain Risk through Collaboration

Supply chain risk management is the implementation of strategies to manage everyday and exceptional supply risks based on continuous assessment. It is essential in ensuring continuity and reducing vulnerability. Why is it important for your supply chain to be risk free? A risk free supply chain mitigates business risk and reputational issues. It also creates long term business success. In…

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Transparency-supply-chain

Transparency in the Supply Chain and Its Importance

Gaining and regaining the trust of consumers are common business goals among retailers and food suppliers. This can be achieved through supply chain transparency. If you have transparency, you also have good traceability. If you have great plans for the growth of your company, do not compromise your goals. Increase the visibility of your business by aiming for a view…

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collaboration

Supplier Collaboration Harnesses Big Data to Enhance Safety and Productivity

Oftentimes, supply chain professionals look for the first cost result, which is a big mistake. They need to consider the bigger picture and not just the present downturn. The supply chain has lived through numerous transformations, from the dot.coms, various e-commerce forms, ERP transformation, outsourcing eras and other trends. Over the years, it has evolved from asset-based and decentralized to…

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collaboration

Collaboration: A Top Priority for Business Leaders

Whether it is between employees, partners and suppliers, collaboration is a top priority for businesses. It is the driving force that ensures efficiency among your tasks and improves outcomes of your business activities. Fortunately, many collaboration tools are available to give your employees, partners and suppliers a sense of community. They help reinforce the benefits of collaboration and introduce unexpected…

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