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Appreciating the Guinness Supply Chain
St. Patrick’s Day is crucial for St. James Gate Brewery’s supply chain management, as they plan for the celebration like others do for Christmas. The company prepares for the holiday annually by forecasting demand and coordinating with suppliers. To supply Guinness to 150 countries, they manage the inbound supply chain across 49 brewing locations and coordinate the delivery of over 600,000 lbs of barley, distributing 6,500 tons of beer globally.
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The Supply Chain Outlook is Improving
The Global Supply Chain Pressure Index (GSCPI), monitored by the Federal Reserve Bank of New York, fell below its historical average in February 2023, indicating reduced supply chain pressures. Though providing relief for businesses, experts caution against neglecting supply chain management and advocate transforming supply chains for increased resilience and flexibility.
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Importance of Category Management
New Dominion Consulting emphasizes the importance of category management for successful procurement, which can reduce costs, increase efficiency, and promote growth. The process involves classifying procurement spending to identify cost-saving opportunities, negotiate better supplier contracts, and improve relationships. By focusing on individual categories, businesses can tailor strategies to align with their goals. New Dominion offers expert assistance in developing and implementing these strategies.
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