Supply chain thinking used to be limited to the managers of a few global companies—companies that were struggling to coordinate internal information and materials. This, however, led to an exciting boom in cross-business coordination based on Supply Chain Management concepts. Today, the field has broadened and shifted over time. Current supply chain trends—differentiation, outsourcing, compression, […]
Tag Archives | supply chain management
Which Supply Chain Information Transparency Strategy Should Your Organization Employ?
Supply Chain Management across industries has become way too complicated and globalized today. Since the popularity and use of Social Media has grown, organizations are increasingly getting under pressure to disclose their information publicly. This pressure on information transparency has reached a level where external stakeholders expect to know the details of an organization’s Supply […]
2 Potent Supply Chain Risk Reduction Strategies
Reducing the fragility of global Supply Chains in the event of disruption through natural or other disasters is a major concern for most senior executives. This rings true more so now than ever, as the world grapples with COVID-19, the worst human health crisis in 100 years. The strategies to enhance the effectiveness and readiness […]
Supply Chain Strategies That Work Best in Containing the Risks of Disruption
Supply Chains often get disrupted by calamities that are beyond human control. Natural disasters, such as tsunamis and floods, in the last decade have drastically affected major businesses—from automobiles to technology, to travel, to shipments—and exposed critical weaknesses in Supply Chain mechanisms around the globe. And, now, we are living through a global disruption of […]
How To Transform Your Traditional Warehouse into a Lean Warehouse?
As the last decisive step in customer service, a warehouse ensures cost effective distribution. Latest technological innovation has turned warehousing into a competitive advantage. It offers untapped potential for improvement. However, warehousing is a hugely neglected part of global supply chains. There is inconsistency in picking, packing and shipping orders, storing receipts, and managing inventory and […]
Isn’t It Time to Think about Cybersecurity?
Computer security, also known as cybersecurity or IT security, is security applied to computing devices such as computers and smartphones, as well as computer networks such as private and public networks, including the whole Internet. With all the discussion on the internet of things (IoT) and the network of sensors, robotics, RFID and software connected […]
Supply Chain Excellence begins with Understanding the Supply Chain
Whenever we ask what supply chain is, we get different answers depending who we ask. Some say it is planning and purchasing; or procurement; and some say inventory management; and some others may say it is logistics management. Yes, all these correct answers. But, there is much more! According to APICS (Association for Operations & Supply […]
Your Supply Chain Doesn’t End Where You Think It Does
The physical supply chain is made up of thousands of moving parts, literally. Before it’s a laptop, your computer may have started as a screen from South Korea, a CPU from the United States, a processor from Japan, combined in China in a case from Taiwan, and shipped to a retailer in the United States. […]
Credibility in the Supply Chain and Elsewhere
Trust is built on credibility and credibility comes from acting in others’ interests before your own. – anonymous If leaders have credibility, people want to work for them. But credibility is important in many areas, not just in leadership roles. For instance, sales professionals need credibility to be successful. You have to do what you say […]
The Price Sensitivity of Consumers to Ethical Supply Chains
Many companies balk at the idea of implementing ethical supply chain management (SCM), as they only think of increased operating costs. Despite how much executing ethical SCM may affect the bottom line, companies should not immediately reject the idea without doing some research. For example, a recent survey by Software Advice, a supply chain management […]
Supply Chain Management: Building Process Efficiency with Your Supplier
In order to achieve success with your outsourced manufactured goods, there must be cohesiveness between the manufacturer, Supplier, and the product developer, Customer. This would require a recognized leader with an ability to understand the challenges representing both entities. In an ideal setting, the Project Manager (PM) would have a place at the table with […]
