Organizations need to be in a position to source goods and services from leading suppliers at the best value while driving efficiencies in procurement operations, improving supplier relationships and mitigating risks.
With a 'Smart Operations' strategy in place, organizations can work with best practices in Demand Forecasting and Inventory Optimization to eliminate excess inventory and maximize service levels.
Over time, supply chains have moved from decentralized processing and selling to more centralized avenues. Their centralized processing capabilities have jeopardized their functioning during this COVID-19 pandemic.
