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How AI and Machine Learning Changed Procurement Management

CLX Logistics

At the heart of these challenges lies the need for advanced tools and technologies to drive innovation, enhance decision-making, and unlock hidden value within procurement processes. ML algorithms enable predictive analysis and decision-making, while NLP algorithms enhance communication and data analysis capabilities.

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2023 supply chain and logistics management trends

EazyStock

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business. Two key areas are green supply chains and the circular economy.

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2023 supply chain and logistics management trends

EazyStock

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business. Supplier management. Supplier ranking.

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The Business Benefits of “Going Green” with Your Supply Chain

247 Customs Broker

When evaluating suppliers, think beyond costs and consider their environment performance. Focus on suppliers who are open to co-shipping to reduce transportation cost. If you are single sourcing particular raw materials, analyze the supplier’s renewals and reusables. Shipping and Transport. Product Design.

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What Makes a Truly Agile and Resilient Supply Chain?

Logistics Viewpoints

Adding sourcing, quality and supplier management enables supply chain technology providers to create an agile and resilient supply chain for their customers through the entire lifecycle of a product. Armed with the right technology tools, companies can face disruption and be prepared to emerge more successful than their competition.

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Cost To Serve – A Smarter Way to Improved Supply Chain Profitability

Logistics Bureau

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. Outbound transportation. Returns management. Too little detail won’t give you the information you need to take action.