Supply Chain Management

3 Sources of Risk Procurement Leaders Face

In the past, supply chain professionals had some clear tasks, all revolving around the sourcing of products. Professionals were in charge of managing the flow of the resources and products all the way to delivery. Today, their jobs have gotten…well, riskier than ever. Nearly every industry is faced with a supply chain challenge these days,

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Supply Chain Management

Characteristics of a Transparent Supply Chain

By now, it’s no surprise that supply chain transparency is the ultimate goal. Transparency has become a must-have in today’s market. The problem is, it’s not always easy to achieve since the process requires companies to invest a lot of time, effort and funds. In some cases, it may even require organizations to change old

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Supply Chain Management

Supply Chain Managers: Why Following the Money is the Best Way to Calculate Risk

Six years after the 2008 global financial meltdown, a University of Tennessee study by its Global Supply Chain Institute indicated 90% of respondent firms did not quantify risk when creating their global supply chains and outsourcing production. Supply chain risk was still largely ignored, even though two thirds of study participants employed risk managers. The

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Supply Chain Management

Why Marketing Procurement Professionals Are Crucial to SCM

Marketing provides an essential balance in supply chain management. It helps companies and their partners become more focused on customers rather than on the production process. By improving communications, support and collaboration, marketing helps increase supply chain efficiency and create a single extended enterprise with a strong competitive edge. —Ian Linton, Role of Marketing in

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