Procurement 101: Explanation on Commodities (Are computer chips still commodities? I think it depends on how you buy them). Companies are outsourcing commodities to increase value. Value is lowering costs & improving performance (e.g., quality, service, & flexibility). A commodity is defined as being something for which several qualified suppliers exist. Typically, buying organizations will use several...
The Future of SCM: Predictive Analytics ranked #2! This class will now be required of every WMU supply chain major: CIS 2640 – Applied Analytics Foundations…Here is an example of a F500 firm that has full time SCM roles but also requires VERY strong Data Analytics skills (they love Tableau)…Sime Curkovic