• Will blockchain transform the supply chain in 2019?

    about 2 years ago by Charlotte Hinrichs

    ​What is blockchain technology?Invented in 2008, blockchain technology is a distributed database which contains records of digital information that is very difficult to tamper with. It’s a permanent, public record of a chain of transactions, linked using cryptography, accessible to many users who can view and add data. Considered secure by design, it is resistant to modifica...

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  • The Impact of Sugar Tax on the Consumer Sector

    about 2 years ago

    ​The introduction of the Sugar Tax is affecting the way the food and beverage and related industries operate in many ways. From marketing to sourcing, companies are taking new approaches to cut costs and stay competitive.​The Impact of Sugar Tax on the Consumer SectorSignificantly, the new tax has caused the industry to reexamine the amount of sugar they include in every ser...

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  • Supply Chain and Demand: IT Procurement in Boston

    over 2 years ago by Charlotte Hinrichs

    ​Boston is not afraid to do things differently. An open-minded approach to innovation is a key factor behind the region’s phenomenal growth; between 2010 and 2014, the city grew at twice the national rate and added 45,000 new jobs.[1]The willingness to break with convention is also seen in the region’s approach to procuring technology and all related sub-categories. Previous...

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  • Procurement is the Secret to Life Sciences Digitization

    over 2 years ago by Charlotte Hinrichs

    ​Procurement is fast becoming a more dynamic area for the life sciences industry, with innovations such as blockchain, machine learning and digitization shifting it from a back-office function to a board-level, strategic discipline. Professionals with the skills to drive improved procurement performance are in short supply. A recent CPO survey from Deloitte[1] found that alm...

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  • How Automation is Shaping Procurement

    over 2 years ago by Charlotte Hinrichs

    ​​Almost two thirds (63%) of procurement leaders identify automation as a key priority, according to a recent poll by SAP Ariba. Yet, while automation is an important part of digital transformation efforts, it’s not always clear what is meant by the term, or what it means for sourcing talent.​How can automation benefit procurement?Automation is a general term for a range of...

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  • Blockchain: The Future of Supply Chain

    over 2 years ago by Charlotte Hinrichs

    ​Supply chains are built on trust. It used to be possible to build personal relationships with the various links in a supply chain, but as trade becomes global and more complex, this is harder and harder to achieve.A weak link in the supply chain, such as a corrupt, unethical or incompetent partner, can rapidly cause reputational damage, compromised quality to the consumer, ...

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  • Using Six Sigma to Maximize Supply Chain Efficiency Through S&OP Processes

    about 3 years ago

    ​Lean and Six Sigma may have been on the radar of supply chain managers for some time, but there has been a certain amount of skepticism surrounding its role in sales and operations planning (S&OP) processes. However, even though these methodologies have fallen in and out of favor with supply chain managers, the value of aligning Lean and Six Sigma within S&OP proces...

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  • Lean Six Sigma’s Impact on Healthcare

    about 3 years ago by Charlotte Hinrichs

    ​Every business wants to improve operational efficiency, but in healthcare, there is also a focus on improving patient safety.Healthcare organizations are facing a growing pressure to increase the efficiency of care delivery, and quality improvement initiatives offer a solution. Promising to boost performance outcomes, these methodologies can help organizations meet expectat...

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  • The Potential of Pharma Procurement

    over 3 years ago by Charlotte Hinrichs

    ​​It is no secret that the pharma industry faces a myriad of challenges. From aggressive competition on generics pricing and expensive clinical trials, to slow drug approval processes and growing expectations of patients, it is clear that life sciences and pharmaceutical companies have to allocate their resources strategically.For many of these companies, efforts are focused...

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  • The Future of Operational Excellence Management Systems (OEMS)

    almost 4 years ago by Charlotte Hinrichs

    ​Operational Excellence (OpEx) is an area that has been given significant attention in recent years, with management teams in the pharmaceutical sector looking to find new profit avenues by bringing their products to market both quicker and cheaper.The aim of addressing OpEx is to streamline business processes and outgoings to find a balance between lowering costs while main...

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  • Tax Implications in a Changing World

    about 4 years ago by Charlotte Hinrichs

    ​The US is set to cut its corporate taxation rate from 35% — which represents one of the highest tax rates in the world — to just 15%. The move, which was announced by the newly appointed Treasury Secretary, Steven Mnuchin, is designed to bring the US in-line with similar European tax rates.[1]​Europe: a tax haven?Companies can declare their base of permanent establishment (...

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