There’s never been a better time to learn how to identify supply chain risks, gain the agility needed to deal with various supply chain scenarios, and act quickly when an issue arises.
Sadhna Gupta, assistant manager of procurement research with Aranca, describes recent trends in the price and availability of silicon metal, an essential material for global manufacturing, as well as the outlook for the coming year.
The digital twin of a warehouse — a real-time, 3D virtual representation of an actual facility down to the space, people, equipment and inventory — lets operators monitor activity, respond instantly to disruption and model future scenarios to improve performance.
It's vitally important for companies to understand every touchpoint in their supply chains and third-party relationships, to ensure they don’t link to transnational criminal organizations trafficking in war materials or money laundering.
Organizations lose between 3% and 4% of their total external spending due to high transaction costs, inefficiencies and non-compliance in the source-to-pay cycle.
In a highly connected and digital world, fragmented supply chains simply don’t work. Organizations today require end-to-end visibility, to compete and navigate the challenges that have recently plagued global businesses.
It’s getting increasingly hard to tell real from fake in so many aspects of life today, but at least one sector might be poised for a reversal of that trend, thanks to technology.
The latest news, analysis, trends and solutions regarding sourcing, procurement and supplier relationship management (SRM) and their impact on supply chain management. New technologies in sourcing and procurement are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency, cut costs and build more strategic partnerships. Learn how companies around the world are using sourcing, procurement and SRM solutions for supply chain optimization.
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