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Key Takeaways from SAP Spend Connect Live

Logistics Viewpoints

It is a brilliant tool.” When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings. For example, a buyer might say, “You only shipped me 800 of the 1000 products I ordered.” The more extensive a SCCN network, the more benefits sellers and buyers get from participating.

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Eight Essential Documents That Are Key to Shipping

MTS Logistics

On the other hand, you also need to know and understand the rules and regulations of exporting and importing, and crucially, you need the proper shipping documents. However, most documentation is still handled manually in some countries. Pro Forma Invoice. It is the official proof of sale. Packing List.

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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Suppliers of smart contract development tools: Ethereum Foundation, Polkadot, Hyperledger, OpenZeppelin, Chainlink How Smart Contracts Automate Supply Chains 1. Multi-Signature Wallets: Funds are held in escrow and only released when both buyer and seller approve the transaction. Because blockchains are decentralized (i.e.,

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A Lean Leadership Pocket Card

The Lean Thinker

It was our job to teach our continuous improvement people how to do that coaching and assisting – beyond just running kaizen events that implement tools. Do you have “standard work” documents that are rarely followed? PDCA Thinking. Today we would use Toyota Kata to teach this. Four Rules: 1. Safety First.

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The Importance of Balancing Technology, People, and Service in Shipping

MTS Logistics

From pricing to documentation, from giant ocean carriers to small size brokers, everyone is pushing for customers to use digital portals, communicate less with their people, and automate as much as they can. As we are navigating this new phase in shipping, we see the importance of training operation teams.

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The Promise and Peril of Generative AI for Supply Chains

Logistics Viewpoints

But I’d like AI more to a magic trick, so allow me to direct your attention to the technology behind the curtain to highlight both its risks and its rewards and to share the essential leadership skills AI cannot provide. Any human with a browser can produce this result, since it requires no sophisticated coding skills or knowledge.

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Simple Fleet Management Tips to Reduce Liability Risks

United World Transporation

After all, many accidents are entirely avoidable with the right training. However, these tools are useful for new drivers so they won’t develop bad driving habits. Your safety policy should be your most comprehensive document. Brush up on Training. A comprehensive safety policy is crucial for any trucking company.

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