Some of the important supply chain terms that every supply chain professional should be knowing is provided in this video given below. emailprint More »
Supply chain is the circulatory system of any kind of business. It is the process by which time, labor and materials are transformed into a finished and market-ready product. It is complex, More »
Retail success depends on client satisfaction, so it makes sense that success in the supply chain is also closely linked to happy customers. Here are four customer-centric supply chain secrets that will More »
Murata Manufacturing Co., the world’s largest manufacturer of ceramic capacitors for Apple Inc. and other smartphone brands, expects demand for fifth-generation wireless devices to exceed 500 million handsets in the coming fiscal More »
Apple constantly focuses on innovation and making quality products using new technologies. Be it iPhone, MacBook, iPad, or Watch, Apple supplies goods that are not seasonal and have a life cycle of More »
For retailers, warehouse owners, suppliers and distribution firms, 2020 has been a dizzying year, as the pandemic has triggered large changes in customer purchasing behavior that will affect supply chains for many More »
Every aspect of industry, including supply chains, has been affected by COVID-19. Supply chain financing will assist companies struggling to meet their payments during this unpredictable phase. Many companies have undergone a More »
Maersk is working with the US drug maker Covaxx to provide logistical support for the distribution of Covid-19 vaccines. While several shipping companies have confirmed plans to be ready to distribute the More »
Convoy is a digital freight network App started by Dan Lewis in 2015. Convoy reduces overall costs for shippers, providing asset-like reliability and performance. Convoy enhances efficiency by providing open access to More »
Convoy has become the most powerful digital freight network App, using machine learning and automation to link shippers and carriers to transfer millions of truckloads, saving shipper money, growing carrier earnings, and More »
Strategic Sourcing is the process of continuously improving and re-evaluating the buying activities of a company.
Strategic sourcing involves several steps such as analysis of spend or expenditure, market research to identify qualified suppliers, negotiation of price and discounts, and finalizing the terms and conditions in a contract.
In this video, lets look at the 7 steps to follow in the strategic sourcing process.
In the cost structure and competitiveness of small and big enterprises, strategic sourcing skills play an important role. These skills involve analysing high-volume purchases and developing long-term partnerships with a select group of suppliers capable of providing low-cost quality products and services.
High-volume acquisitions are the strongest candidates for strategic acquisition because they are expected to have the greatest effect on lower cost structures.
In this video, lets take a quick look on the Top 3 Best Practices followed in Strategic Sourcing.
Strategic sourcing takes into account all processes that take place during the procurement period, from specification to receipt and payment of products and services. As a consequence, companies using Strategic Sourcing will build supply chains at the lowest overall cost, not just the lowest purchase price. In this video, lets look at the top 6 benefits of Strategic Sourcing.
There are several different ways in which you can perform market research and gather consumer information, but you don’t have to restrict yourself to only one type of research. Surveys, interviews, focus groups, and consumer observation include four common forms of market research techniques. And all of these can be done by means of efficient tools available in the market today. In this video, we bring to you the top 8 market research survey tools and form builders.
To perform business-to-business e-commerce, e-Sourcing software is required to create an electronic venue for buyers and suppliers. It also streamlines workflows for better control of the supply chain and management of spending. E-sourcing software improves flexibility between buyers and suppliers and drives accountability. In this video, let us look at the top 5 E-Sourcing Software tools.
