Recent supply chain disruptions exposed many gaps in the global trading system and geopolitical forecasting, while underscoring dangerous and expensive weaknesses in supply chain management.
A new study by SAP and Oxford Economics on managing procurement spend finds that the discipline is well behind the curve in shedding manual processes and embracing automation.
For all the differences between procurement, with its pragmatic, quantitative and best-price-for-best-supply mindset, and human resources, with its qualitative approach to the organization’s people and relationships, a lot more thought should be given to where they come together.
An efficient, lean and profitable supply chain is about being proactive rather than reactive, forcing many businesses to recalibrate their logistics in 2021 and beyond.
Dana Watts, counsel with Miller & Chevalier, explains the “first sale” rule for reducing U.S. importers’ duty levels, and discusses whether it remains a viable method for achieving that purpose.
The latest news, analysis, trends and solutions regarding supply chain planning and optimization. New technologies in supply chain planning and optimization are transforming the way companies operate - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using planning tools and solutions for supply chain optimization.
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