Challenge: In 2017, a global third-party logistics provider’s more than 400 distribution sites and warehouses were purchasing labels and other consumables from multiple sources — often incurring excessive shipping costs and chargebacks due to poor-quality, unscannable labels. The company needed a cost-effective solution to contain increasing costs, plan budgets, ensure consistent quality and improve customer satisfaction.
Importers bear the burden of complying with all U.S. laws and regulations when their goods enter the country. Failure to exercise reasonable care in this effort can result in long delays in the release of merchandise, and the imposition of stiff penalties.
Artificial intelligence can play an important role in companies' strategic sourcing initiatives, but there are some key challenges to be addressed, according to Richard Barnett, senior vice president of marketing and alliances with LevaData.
The Trump administration sees the increasing use of Chinese-made active ingredients in drugs taken by U.S. troops and civilians as a national security risk.
Contract price misalignment is among the leading causes of pricing issues in the healthcare supply chain. Price discrepancies are costing healthcare providers more than $92m annually.
The latest news, analysis, trends and solutions regarding supply chain visibility and its impact on supply chain management. New technologies in supply chain visibility 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 supply chain visibility solutions for real-time insight, risk management and supply chain optimization.
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