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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

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Aloha wegg® Fans: Get Ready for Our Next Wegginar® With Kiani Wong from Kaka?ako Kasuals on 11/3 at 11AM CT

The Global Small Business Blog

She specializes in B2B wholesale trade, sourcing, inventory management and product development for her company. Kiakahi (Kiani) Wong is the President and CEO of Kaka?ako ako Kasuals, a Native Hawaiian-owned and operated footwear company based in Honolulu, Hawai'i.

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How generative AI will revolutionize supply chain 

IBM Services

From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless. Inventory management Generative AI models can continuously generate optimized replenishment plans based on real-time demand signals, supplier lead times and inventory levels.

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Streamlining supply chain management: Strategies for the future

IBM Services

Here’s how companies are using different strategies to address supply chain management and meet their business goals. Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics.

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Unlock retail visibility with B2B Mulesoft Integrations

Groove Technology

Inter-relating data in different formats across different sources With an effective supply chain visibility system in place, retailers can integrate data from different sources, such as suppliers, distributors, and sales channels, and store it in a common format. This provides a centralized platform for data integration and analysis.

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IoT in Retail: How Mulesoft Integration is Transforming the Industry

Groove Technology

IoT has become increasingly significant in the retail industry as it allows businesses to collect data on customer behavior and preferences, manage inventory, and optimize supply chains effectively. MuleSoft’s Anypoint Platform can help businesses integrate and manage data from various systems, including IoT devices.

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Days Inventory Outstanding: What Is It and How to Calculate It

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Better Overall Inventory Management Knowing your DIO can help you manage your inventory flow more efficiently. Use Technology Keeping track of inventory manually is time-consuming and ripe for errors.