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Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

GlobalTranz

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. In part two, Chuck focuses on how to draft your terms and conditions. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner.

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Top 5 Trends to Know to Compete with Amazon’s Supply Chain

GlobalTranz

Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.

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How the Three M’s Can Help You Cut Down on Supply Chain Cost

Blue Grace Logistics

Understanding the nuances of your supply chain and how to improve upon it is the best way to achieve maximum savings, optimize efficiency, and manage customer expectations. For example, technology helps to maximize efficiency and, in turn, increase profitability. Putting it into Action.

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The Essential Reference Guide for a Supply Chain Leader

GlobalTranz

How to Track Performance. Here are few examples which I used: Focus Supplier improvement results (DPPM and/or OTD with min. Here are few examples which I used: Focus Supplier improvement results (DPPM and/or OTD with min. How to Manage Performance. Every business has their set of metric which they want to focus on.

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IoT Inspired Smart Warehouses Are Reinventing Inventory Management

GlobalTranz

For example, auto-lighting LEDs, RFID, and handheld scanners can help pickers ensure the right item is picked every time. The Reward: How to Make the Most of Smart Warehouses While improving operational efficiency, smart warehouses also have wide-ranging benefits for the entire supply chain.

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How VR, 3D Printing & Predictive Analytics in the IOT are Currently Powering the Manufacturing Industry

GlobalTranz

Of course, reports Predictive Analytics Times , analytics also possess potential to change how companies obtain the raw materials for their products. For example, the aeronautics’ giant, Lockheed Martin, has embraced augmented reality during the manufacturing and repair processes, explains Industry Week. billion by 2021.

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Supply Chain Artificial Intelligence Offers Wisdom to Supply Chain Management

GlobalTranz

One of the most notable examples remains the creation of Watson, the supercomputer controlled artificial intelligence that defeated Jeopardy! however, Watson's abilities are a clear indication of how technology can be leveraged to benefit the futuristic supply chain.