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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.

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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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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.

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4 Tips for Effective Supplier Performance Management

Logistics Bureau

If you want to ensure a supplier meets your expectations, you must make those expectations the basis for a formal agreement—one that’s made in writing, clearly shows that the supplier understands what you need, and documents how performance will be measured and managed. Click To Tweet.

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Big data and inventory management

EazyStock

It could be open-ended feedback, images, video, audio, or general business documents. Big data helps improve supplier management. Good and reliable suppliers are crucial to robust inventory management, so it’s essential that you can track their performance.