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Topic: suppliers

Considerations of Global Sourcing

Global sourcing is a viable option for securing materials, components, products or even services for your business. Looking outside of your domestic market can yield a variety of benefits not available through local sourcing avenues. Usually with global sourcing it’s easy to think about manufactured products being produced overseas and transporte ... Read More

  February 7, 2018     

Choosing Between Local or International Suppliers

As industries increase in globalisation, establishing trading relationships with suppliers further and further afield, there is a concurrent and rather ironic push for consumers to support local entities and ‘shop small’. The idea of course is that sourcing products locally increases the likelihood that products are hand-made with attention to ... Read More

  February 5, 2018     

5 Things to Know About Sourcing Globally

Global sourcing occurs when companies go beyond their home borders for sourcing goods and services. There are many benefits to doing so, but there also are risks involved, we have identified five major risks and some ways to mitigate them. Time Differences Having a supplier on the other side of the world often means that […] ... Read More

  February 3, 2018     

Where Should You Source From?

In today’s global economy, there are more options than ever before to support your supply chain. The abundance of options can mean sourcing materials and finished products can become an interesting predicament. There are competitive options and opportunities in the domestic and international markets. With these options come pros and cons in eithe ... Read More

  January 31, 2018     

The Perks of Sourcing Domestically

In this global economy, it’s easy to look far and wide for sourcing, especially when the information is at the tips of our fingers. Modern supply chains are built around international sourcing philosophies. Historically, by importing materials and products, a company could reduce their production costs. However, if you are a business looking to s ... Read More

  January 29, 2018     

The Ethical Implications of Outsourcing You Need to Know

The practice of hiring outside a business or getting an individual to perform contracted work as opposed to paying employees to do the work is called outsourcing. Business alike use outsourcing as a means to get added expertise and exploit cost of labour advantages. This is an ethical area, as it covers a lot of […] ... Read More

  January 29, 2018     

How Better Supply Chain Management Can Give Manufacturers a Competitive Edge

It’s a tough time for many manufacturers; increasing competition from markets with comparatively low labour and input costs is putting pressure on many local manufacturers. Some sectors, such as automotive manufacturing, are slowly disappearing from large western economies – only recently, almost 100 years of car making history came to an e ... Read More

  January 12, 2018     

Sourcing Internationally: How Can You Manage the Risks?

When it comes to procurement, manufacturing inventory abroad offers some clear advantages over sourcing product at home. Whether you're a scaled up multinational importer or a small retailer looking to unlock some small cost savings, there's a good chance that you'll procure at least some of your product from abroad. But what about the ... Read More

  December 23, 2017     

6 Factors of Considering a New Supplier

The best suppliers will provide the most suitable goods or services at the right prices and within the right time frames for your business needs. Below we give you six factors you need to know when considering a new supplier. Finding a Supplier A great place to start is generally online. This is one of […] ... Read More

  December 16, 2017     

Finding Value-Adding Suppliers

When running a company, it is vital to understand all factors affecting inventory management, which includes suppliers and the dependence of the company on them. Without product supply, the company cannot provide for their own customer’s needs which essentially jeopardises profits and survival. However, it is not just the act of being able to sup ... Read More

  December 16, 2017     

From supplier to customer: 5 challenges in the supply chain

The importance of a company’s supply chain should never be underestimated. The supply chain is, after all, the lifeline to product supply, stock control, sales and thus company profitability. However, there are many factors that make managing the supply chain very difficult. The key to dealing with them successfully is to understand them and how ... Read More

  November 1, 2017     

Suppliers: Factors Affecting Inventory Management For F&B Producers

Suppliers are one of the biggest factors affecting inventory management Managing supply chains can be difficult business , particularly if you cannot rely on suppliers to meet your commercial deadlines and deliver quality products first time. A poorly managed supply chain is one of the biggest factors affecting inventory management; in the food man ... Read More

  September 16, 2017     

Factors Impacting Inventory Management

Understanding what impacts your inventory management system is crucial, regardless of what type of business you run. These factors can influence your business profitability in ways you might not have considered! Factors That Affect Inventory Management Product Availability Product availability is something to consider when identifying factors that ... Read More

  September 2, 2017     

Six Tips to Reduce Inventory Lead Times

In business, getting access to and holding the inventory you need is key. Holding large reserves of inventory is one way to ensure your business has enough stock on hand, but a better solution may be to focus on reducing lead times in your business’ supply chain. Being able to order stock quickly takes away […] ... Read More

  August 21, 2017     

Implementing win-win supplier relationship management techniques

It is time to start embracing supplier relationship management (SRM). There are a number of general principles that are useful to understanding, promoting and implementing good SRM in business. With some listed below, these tools represent a checklist on what may be possible between the specific business, supply chain and key relationships players ... Read More

  July 28, 2017     

Four proven critical strategies to improve inventory management

Inventory management is the lifeblood of the supply chain. It is a system that is interconnected – it is critical to know what the perfect balance of supply and demand is or else disadvantages are inevitable. If you do not have enough inventory you miss out on a lost sale from customers. If you have […] ... Read More

  July 26, 2017     

Five Measures to Increase Efficiency and Reduce Cost in Your Business

There are several cost-reducing measures that your business can adopt today to increase your business’ bottom line. The important cost-reducing measures at the forefront of business operations that can directly impact your business’ costs are negotiating new contracts, taking advantage of opportunities by looking at alternative suppliers, havin ... Read More

  July 18, 2017     

Managing Risk: Five Strategies to Strengthen Your Business’ Supply Chain

Supply chains make and break businesses. The best thought out marketing plans and the most efficient inventory management strategy are unable to compensate for stock simply not being there. Supply chain management, which is all about ensuring reliability and redundancy within the procurement process, is critical to business success. Let’s look at ... Read More

  May 17, 2017     

Consignment inventory explained

Whether you're a supplier looking to get your products into retail or a retailer seeking product variety, there are benefits to consignment arrangements. ... Read More

  December 1, 2016     

How best to manage the risks you could be exposed to in your supply chain

There are many risks in the supply chain that can drastically affect a company’s profitability, reputation and ability to function optimally. These risks, in recent times, have been multiplied through things such as globalization, piracy, economic crises and exchange rates. Also, the move towards instant gratification and needing everything right ... Read More

  October 24, 2016     

The Supply Chain Crystal Ball: Managing Supply Chain Risk Better

In theory, intricate supply chains can provide a great deal of comfort. Every detail is mapped out in meticulous detail - not just where inventory is coming from and going to, but how it will get there and within what timeframe. In reality, not even the best logistics experts can predict the future so as a result, supply arrangements will always in ... Read More

  October 13, 2016     

Improving your distribution inventory management

It’s no secret that inventory management is critical for a distribution business. Distributors make money by selling their inventory to customers (whether they are consumers, retailers, or other businesses) for the lowest operational cost. This can only be achieved by efficient distribution inventory management. Although the concept is simple eno ... Read More

  September 23, 2016