Remove Inventory Remove Procurement Team Remove Retail
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Retail Recovery: 4 Ways Procurement Can Unlock Savings and Add Value

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Retailers have faced a tough year in the last 12-18 months, and while recovery seems to be in progress, they still have some work to do. During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Decentralize Procurement.

Retail 52
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Zara – The Benefits of Agile Procurement / Supply Chain

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The man is called Amancio Ortega , and journalists were surprised to find out he is the founder of the retail store Zara. . Demand Forecasting: Zara reaps the benefits of very efficient inventory management models that help them determine the exact quantity of items needed for every store. Zara’s Supply Chain Approach.

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Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience

ivalua

Procurement teams are now expected to manage a lot of moving parts — from supplier relations to spend, risk, compliance, contractual obligations, contingency plans and more — and a lack of visibility inhibits their ability to do any of that effectively. Work to achieve 100% supply chain visibility. Why is visibility so important?