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Value Chain vs. Supply Chain: Key Distinctions

Arpedio

When it comes to business operations, the terms “value chain” and “supply chain” are often used interchangeably. In essence, the value chain is the process by which businesses create and deliver value to their customers.

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Thoughts From The Top: ?Sales Management and The Supply Chain Struggle

Brooks Group

In this day of supply chain issues and extended delivery times, their sales teams are struggling to stay motivated. Second, open up visibility into the supply chain. Share updates from suppliers. Today, more and more clients are sharing a common problem. The post Thoughts From The Top: ?Sales

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The Value of Reliability

Holden Advisors

The COVID-19 pandemic has taught us many lessons, not the least of which is the value of a reliable supply chain. It’s become crystal clear that the businesses with a reliable supply chain have a distinct advantage over their competitors who don’t. We’ve all felt it. What is one day worth to your customers?

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The Kraljic Matrix

Flevy

Two key factors critical for devising a robust purchasing and supply management strategy are: Strategic importance of purchasing: This factor measures the ratio of raw material costs to total costs, their impact on profitability, and the value addition done by the entire product portfolio. Decide on make-versus-buy choices.

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Problem Solved: Boost Resilience with Supplier Diversity

Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group

How can a supplier diversity program help you gain invaluable competitive advantages? Supplier diversity programs are impactful and effective tools in your business strategy because they guarantee a diverse supplier base and ensure inclusivity within your ultimate procurement plan. Ready to get started?

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Turning lemons into lemonade: Five ways to reset on customer management fundamentals in a post-pandemic world

Strategic Account Management Association

In business, it has created an opportunity to reflect on how companies are managing customers, and it has given customers a window of opportunity to re-evaluate their supplier relationships to determine which partnerships are truly valuable. We’re seeing it first hand. The ecosystem: When creating value, think outside your own business.

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10 Steps to Win Over Your Client’s New Procurement Team

Account Manager Tips

As a supplier you need to adjust fast and build a foundation of trust. My old contact has been replaced First things first: find out what they want 10 steps to become a supplier of choice Check these out Quote of the week. Pre-existing relationships with competitors that may jeopardise your current status as a supplier.

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The Modern Supply Chain: Global Challenges and Best Practices

Speaker: Bart Huthwaite - Principal, RSM, Operations and Supply Chain

We’re in the midst of economic turmoil, the aftermath of a global health crisis, and continuous tensions between international organizations, so how can you ensure your supply chain is powerful enough and flexible enough to weather the storm? Your company is depending on this! Save your seat today!