Dan McCarthy

Are you sure you really understand the difference between Procurement, Purchasing, and Sourcing? These functional areas, while closely are tied together, each of them play unique roles in the supply chain. I challenge you to rethink your procurement strategy and discover how perfect alignment between these disciplines can boost your company's profitability and exceed your internal customers' expectations. This chart shared by Tom Mills, explain the different activities perform by function and how are they related. If you find this post helpful, do not over think and Repost it! #Sourcing #Procurement #Purchasing #SupplyChain

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AI-based solutions may make the dream of 360-degree visibility in supply chains a reality. While this will require a lot of time and effort, enhanced data management and visibility are a real possibility. Control Tower or Command Center concepts have not fully realized their potential, but with each innovation, we are a step closer. Supply chain leaders must actively work to remember that although supply chains are incredibly complex, innovation and creativity are necessary to create supply chains built to last. #SupplyChain #SupplyChainInnovation #DataManagement #AI

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Supply Chain Management Review is always a great resource for leaders in the supply chain world because they offer great tips on how to navigate some of the toughest questions the industry faces. With so many technologies becoming more commonplace, this article offers best practices for supply chains wanting to incorporate operations like robot-assisted picking technologies, enhanced supply chain IT systems, or truck unloading technologies. One great tip I would emphasize it the importance of continuous operation. Without constantly working to improve digital solutions, supply chains risk falling behind or more easily succumbing to disruptions. Which is your favorite tip? #SupplyChainOrchestration #SupplyChainManagement #SupplyChain #SupplyChainTechnology

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Norman Katz highlights the stark difference between "supplier" and "vendor" in the supply chain world. In short, suppliers provide raw materials and components while vendors offer more finished products. However, while different, both pureed constant quality checks for efficiency and safety. To really make supply chains succeed at their full capability, we have to prioritize bolstering communication between those managing suppliers and the managing vendors. This kind of cross-department collaboration could help avoid problems or even increase innovation. #SupplyChain #Suppliers #Vendors

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Conversations about how AI will transform supply chains are common right now. A good way to understand how this transformation will happen is by looking at it from the perspective of AI, which will make supply chain management more proactive rather than reactive. By autonomously generating solutions to complex problems, AI will offer supply chain management leaders a chance to look at possible disruptors from multiple perspectives. Beyond this, there are also benefits to using AI to optimize supply chain sustainability, analyze supply performance data, and generate demand forecasts. Considering how AI could affect supply chain management should be top-of-mind going into the next year, as this tech will only become more essential to every day operations across industries. 🔗https://lnkd.in/ejpEvsdG #SupplyChain #SupplyChainManagement #AI

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Are you facing semiconductor shortages that are disrupting your production lines?🤷🏼‍♂️ Look no further! S2P Inc. is here to help you keep your operations running smoothly. With our expertise in sourcing and procurement, S2P Inc. offers a streamlined solution to find the semiconductors you need. We connect you with reliable suppliers, ensuring you get the components you require, when you need them. Say goodbye to production delays and supply chain headaches. Simply fill out the form at: https://lnkd.in/gD6s-kGX S2P Inc. will take care of the rest. Don't let semiconductor shortages hold you back. Partner with S2P Inc. today and keep your business moving forward! #smallbusiness #giveback #makingadifference #digitaltransformation #canadianinnovation #leadership #mindsetchange  #supply #supplychain #procurement #procurementleaders  #strategicsourcing #sourcing #logistics #management #business #linkedin #saving #supply #thinking #technology #tech #techcommunity #tech4good #techforgood #cleantech #sustainability #sustainabilityleadership #thankyou #timeconscious #buy #sell #ollow #followus #canada #canadians

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Business and digital transformation are important, but don't undermine your potential by trying to scale too highly or quickly. Understanding that the scaling process shouldn't hinder your overall company health is vital. Know what new tech to deploy and when, and don't over hire just to have to let people go when you're overwhelmed. These nuances can help your growth. #BusinessGrowth #DigitalTransformation #Scaling

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In the near future, the best leaders will be the ones that know how to leverage the technology around them. In almost all industries, we're seeing how AI—and other advanced tech—is being integrated into operations. Should the same be done for leadership development? Digital twins, advanced and instant translation, ChatGPT for brainstorming and scenario planning, or AI generated feedback could all have profound impacts in shaping the success of future leaders. Now is the best time to start learning how to be the best leaders possible *with* the help of this technology and not despite it. #Leadership #AI #Technology #LeadershipDevelopment

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Data overload is a common issue in supply chains. Excessive data collection can lead to increased costs and a multitude of operational challenges. Supply chain leaders must prioritize effective data retention strategies for supply chains to be built around practical insights from data. To do so, leaders must consider the duration of data retention, regulatory requirements, and whether or not data is able to be aggregated. When proper data management is prioritized in supply chains, companies can tap into the *real* value data provides. #SupplyChain #SupplyChainManagement #Data #SupplyChainOperations

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I recently shared my best advice for supply chain professionals in an episode of Zero100’s series, #ThePath. The main points: stay flexible, keep learning and help others. Watch the full episode for more details. https://lnkd.in/eFVCG6km

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“Never judge someone until you have walk a mile in their shoes” #ProcurementTactics published 5 myths about procurement as a function that, it might crossed your mind or have said or have heard depending your role In my shoes and being +15 years in Purchasing / Procurement / Sourcing, I can share that, this is a key role in every single organization making things happen, protecting, engaging, creating bonds, negotiating the best deals, bringing producitivity, being fair; and generally speaking creating value through long term partnerships, managing several internal & external relationships with suppliers and trade partners. Feel free to share in your own experience what does a Procurement/Sourcing professional have done for you.

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Have you participated in the Gartner-EDB Trends in Supply Chain Innovation Survey? We are collaborating with Economic Development Board (EDB) of Singapore to uncover the changes companies are making to their supply chain innovation teams and partnership models, in response to the ongoing heightened risks and economic headwinds. This survey will end on June 23, 2024. In exchange for 20 - 25 minutes of your time, all participants will get access to exclusive Gartner research. Survey link : https://lnkd.in/d7JNAgjn #gartnersc #EDB #supplychain

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When it comes to the supply chain management world, chaos is inevitable. Knowing this, supply chain leaders have an important responsibility: to guide their teams through moments of chaos and help them embrace productivity during these times. Many times, we discover invaluable insights from unexpected chaos - the more we lean in, the better. #SupplyChain #Leadership #Chaos

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A huge obstacle supply chains face is visibility and data sharing. A recent study shows that only 13% of companies can map their *entire* supply chain. Improving data management will be crucial for the future of sustainability in supply chains. Companies must ensure clean and consistent data across departments and bolster collaboration. #SupplyChain #SupplyChainSustainability #Data

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🔥 Igniting Change: Join Me for some Epic Days at the Gartner Symposium! 🚀    Excitement is building as I prepare to embark on a transformative journey to the upcoming Gartner Supply Chain Symposium   I'm passionate about driving positive change in our industry. Join me as we explore the intersection of sustainability, digitalization, and leadership in supply chain management. Owning Supply Chain`s Value.    From thought-provoking discussions to actionable insights, it's shaping up to be an event you won't want to miss.     Stay tuned for updates as we pave the way for a brighter, more sustainable future together. See you at the conference!     #GartnerSession #SupplyChainInnovation #GartnerLive #GartnerSC #SupplyChain #SupplyChainLogistics #Siemens #SmartInfrastructure #SupplyChainInnovation

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