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Vendor Managed Inventory Model for Supply Chain Cost Reductions

GlobalTranz

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing?

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4 Key Strategies of a Solid Reverse Logistics Plan

ShipLilly

Thankfully some strategies can be used to mitigate the cost. This is a fiscally sound strategy that cuts down on reverse logistics costs for organizations. It is essential for manufacturers and suppliers to take a better look at the vendor agreements they have in place so that they can enforce better collaboration.

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Key Takeaways from SAP Spend Connect Live

Logistics Viewpoints

It is a brilliant tool.” At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. I have been to other vendors’ procurement conferences and cannot recall seeing similar functionality. My advice,” he concluded, “is just jump in.

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Invest in These Capabilities to Drive Supply Chain Excellence

AIMMS

Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. The report outlines the tools with the highest transformational benefits and capabilities that are becoming standard business practices. Firefighting is the norm. Network Design.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

GlobalTranz

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Increasing order efficiency. Demand forecasts. The quantity of each product.

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7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all.

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[INFOGRAPHIC] The tools carriers need to monitor unusual and inconsistent freight market activity

FreightWaves SONAR

Carriers must have state-of-the-art tools and technology to track and manage unusual and inconsistent activity in near-real-time. But what are these tools? Although blockchain is more popular in cryptocurrency, this interface allows the viewer to visualize and track transactions as they happen between vendor and user.