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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

As a supply chain executive, picture beginning your day with a cup of coffee when a news alert notifies you of newly imposed tariffs affecting your primary suppliers in China. Tariffs on steel from Chinaup 25%and retaliatory moves from Canada and Mexico may turn supplier relationships upside down.

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7 Cost Saving Tips Every Supply Chain Manager Should Know

3PL Links

Example: Retail giant Zara uses real-time data from its stores to adjust inventory dynamically. Example: Amazon’s fulfillment centers are famous for using robotics to streamline order processing and packing. By developing a network of suppliers, you can secure a more reliable supply and maintain competitive pricing.

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Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

GlobalTranz

For example, transportation management often focuses on the journey of products after manufacturing. The answer is closely linked with how a company markets and contacts suppliers and vendors, reports Srikanth Pinagali. Ultimately, these raw materials must be obtained from suppliers and transported to the factory.

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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. 3: Supplier Lead Time. No inventory optimisation solution comes without tradeoffs.

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7 Distribution Technology Trends Worth Discussing

GlobalTranz

Modern distribution technology has significantly changed how suppliers get their products to end-users, and consumers are driving changes in how Distributors use technology to better their business processes. Value-Added Services and TMS Capabilities Are Critical Points in Contract Negotiation. Hours of Service Guidelines Are Evolving.

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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Reliance on too few primary suppliers for critical components and materials has compounded the problem even further with unexpected ripple effects on downstream manufacturing as evidenced by the still ongoing global computer chip shortages. Manufacturers know that good supplier relationships are critical. Managing Inventory.

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This Week in Logistics News (April 30 – May 6)

Logistics Viewpoints

While all of this technology sounds pretty amazing, it should be said that this type of performance comes with a price tag. McCormick’s diverse supplier network helps shield it from Ukraine impacts. west coast, according to Germany-based Container XChange, a technology firm which tracks container movement trends worldwide.