What are the key considerations and best practices for managing supplier data in the construction industry? In this article, we’ll look at how to collect and standardise data, use technology to automate data management, ensure data accuracy and completeness, and identify areas for improvement.
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Improve your supply chain management and optimize your relationships with suppliers using data-driven strategies. Discover how enhancing supplier visibility can benefit your business with improved risk management, better supplier relationships, cost savings, compliance, and innovation.
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Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing the field of supply chain management, offering new and innovative ways to optimize processes, reduce waste, and improve efficiency. In this article, we’ll explore how AI and ML are changing the face of supply chain management, the benefits they offer, and the key inputs required to get the most out of these technologies.
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We’ve recently been working with customers that are amidst their digital transformation and realising the power of data and performance to drive relationships – not the contract.
In this article, we discuss how data can help the evolutionary process from contract focus and scouring T&Cs to dish out punitive punishment to supplier relationships that are relationship-focused and mutually beneficial.
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Many business leaders are smitten by the dream of incorporating data to power their business but at this point, the reality doesn’t quite match up to the expectations. Gartner estimates that nearly half of organisations spend too much time collecting, validating and submitting data. We’ve put together four crucial benefits of implementing a supply chain platform that helps solve these real business challenges and gets you closer to the dream and away from the nightmare.
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Many companies are waking up to the power of data and analytics to improve their supply chain practice in a strategic and meaningful way. By pursuing a path of data and digitalisation in the supply chain, companies can begin to drive significant competitive advantage by rethinking their approach to their suppliers using data – not contracts. We believe there are five main benefits to embedding a digital strategy and data-led approach to your supply chain operation.
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We believe skilled labour and talent and human resource management difficulties will be the biggest challenge for the construction and engineering sector for the next 12 months, so companies that plan effectively will emerge ahead of the competition.
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In contrast to the conflation that sustainable means “green”, the push for sustainability should encompass a multitude of other business goals and organisational values. In this article, we discuss where the push for sustainable business practice comes from and what you can do to prepare for the ever-increasing demands for this in your business.
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As we reach the midpoint of the year, it’s a great time to reflect on the state of the industry at halftime. How is the industry performing? What have been the key trends and themes emerging for the construction supply chain and how can you prepare for the second half of 2022?
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Supply chain issues seem to be front and centre of many business meetings at the moment, and this reaches far beyond the procurement and operations teams. Supply chain teams don’t operate in a vacuum and the delicate interplay with sales is becoming ever more vital for company success. Here, we look at a particular example of Ford which has stopped taking Fiesta orders after supply chain issues ‘significantly affect’ production. What has driven this decision and what can we learn from their approach?
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