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Key Takeaways from SAP Spend Connect Live

Logistics Viewpoints

They also cover supplier managed inventory, quality collaboration, manufacturing line collaboration, and asset collaboration. Asset collaboration includes the process flows and documentation associated with commissioning or maintaining capital equipment.

SAP 117
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AI in Supply Chain Automation: Procurement to Logistics

Logistics Viewpoints

AI in Procurement: Enhancing Sourcing and Supplier Management Procurement has traditionally relied on human expertise, manual comparison of supplier options, and analysis of past performance. Change Management: AI tools often change decision-making processes or shift roles.

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5 Ways Shippers And Suppliers Can Maintain A Great Relationship

Blue Grace Logistics

Supply chain management is characterized by the fact that all interested parties collaborate towards a common strategy or to achieve a common objective. 5 Tips To Improve Supplier Management. Here are five tips to help you improve your relationship with your company’s suppliers.

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ERP for Compliance and Traceability in Regulated Industries

SYSPRO Smarter ERP

Using an online portal to engage with suppliers makes the process transparent and minimizes document handling to reduce potential fraud. Supplier management This involves the processes for monitoring and evaluating suppliers based on a set of standards.

ERP 52
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Top Logistics Terminology

3PL Insights

Bill of Lading: A bill of lading, also known as a BOL, is an official document which is designated as a contract between the owner of the freight being transported, and the carrier. The BOL then becomes a POD (Proof of Delivery) document. Without a bar code, it would be impossible to coordinate the shipping and handling process.

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What Is Vendor Compliance Program for Retail?

GoShip Blog

Apparently, retail compliance programs will soon be used by even small retailers, so it’s crucial to understand the goal of supplier management and how it works. The whole retail industry depends on EDI’s to manage their business, and non-compliant suppliers can cause great complications with document processing.

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How AI and Machine Learning Changed Procurement Management

CLX Logistics

From streamlining sourcing and supplier management to optimizing contract negotiations and spend analysis, AI and ML offer various capabilities that can revolutionize procurement management operations and drive sustainable value creation.