Sourcing & Business Tips
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Blogs – Sourcing & Business Tips
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What Are The Different Types Of Ethical Sourcing?
Ethical sourcing is a word that is now widely spoken in the global supply chain process. Companies want to ensure they have the correct ethical sourcing methods for their company or brand. Ethical sourcing encompasses the environment, labor protection, safety standards, and social responsibility in the global supply chain. For a company to say they…
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Ethical Sourcing And Why It Is Important
One of the new supply chain buzzwords that many people are talking about is ethical sourcing. Many companies are now looking to ensure ethical sourcing set up as part of their supply chain. Ethical sourcing is about a company, brand, corporation, or individual ensuring that their products are obtained through a sustainable and responsible method.…
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8 Factors That Affect The Productivity Of A Company
Productivity is an essential economic principle that many countries and companies look at to see how they are doing economically. Though we can look at individual productivity, economic productivity is usually considered for governments and companies. Many factors can affect a company’s productivity, such as management, leadership, technical skills, production, organization, and location. Productivity requires…
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10 Key Skills Every Sourcing Professional Needs
Sourcing is an essential part of any supply chain. There are many different attributes and traits that a successful sourcing professional needs. An excellent sourcing professional needs to be someone who can build and not tear down the relationships required to get the products’ quality, price, and quantity that you need. Professional sourcing needs to understand…
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What Are The Reasons For Global Sourcing?
Global sourcing is part of the worldwide supply chain process. Global sourcing is when a company purchases parts, products, services, or other things through an international company. Global sourcing continues to be a viable part of the international business supply chain. There are many reasons a company would need to manufacture or produce their products…
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8 Reasons Productivity Makes You Happy
Productivity is one of those things that many of us think about. Each day, we wonder if we are accomplishing something or moving ahead and being productive. There are many ways that productivity can help to make you happy. Studies have shown that some of the most productive people are also the most content. Productive…
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Top 9 Benefits Of Global Sourcing
Global sourcing is when a company purchases products from overseas. Many companies enjoy the benefits of buying and sourcing their products globally. There are many benefits for companies to source their products and even services globally. Sourcing their products globally usually allows them to buy a product with the design, price, quality, and quantity they…
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Impact Sourcing And Why It Is Important
One of the new buzzwords that many people are talking about is Impact Sourcing. It is about looking at ways business decisions can help to alleviate worldwide poverty. Impact Sourcing is part of the Business Process of outsourcing; it looks at how a company can employ socially and economically disadvantaged employees as their principal workers. Impact…
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Machine Learning and Artificial Intelligence Explained
The new buzzwords today are artificial intelligence and machine learning. The terms machine learning and artificial intelligence are many times wrongly used interchangeably. AI is best defined as the broad science that is used to mimic human activities. Machine learning is a subset of AI that trains the machine to learn through data and pattern…