Gaining reliable and accurate supplier information is crucial for maintaining a smooth and efficient supply chain. To aid in this process, we have compiled a list of potential source types of supplier information that can be utilised by supply chain managers, concentrating on third-party sources.
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This article delves into the primary benefits and challenges associated with implementing cloud-based SDM solutions, offering valuable insights to help you make informed decisions about whether such a solution is right for your company to enhance overall supply chain efficiency.
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This article explores the key principles and best practices for effective data collection, including setting clear objectives, standardizing data collection processes and formatting, and understanding what good data collection looks like.
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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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