Category Archives: Supply Chain Management

Top 3 Strategic Sourcing Best Practices

Top 3 Strategic-Sourcing Best Practices

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.

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6 Benefits of Strategic Sourcing

6 Benefits of 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.

Top 5 e-Sourcing Software Tools in 2020

Top 5 e-Sourcing Software Tools in 2020

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.

Difference between Sourcing and Procurement

Difference between Sourcing and Procurement

What is the difference between Sourcing and Procurement? Take a look at this video to learn more.

What is Omni Channel Logistics?

What is Omni Channel Logistics?

The concept Omnichannel has recently emerged, stressing not only the mere presence of an organization across all platforms, but with an emphasis on cross-channel efficiency and competence, putting together whole companies and constantly customizing the shopping experiences of consumers across the channel.

Traditionally, through the convergence of supply chains, omnichannel practices have concentrated on using several discreet, different channels for a better consumer shopping experience. This animated video provides a simple explanation on what is meant by Omni Channel Logistics.