Supply Chain Risk Management in 2021 and Beyond
What is supply chain risk management? Supply chain risk management is the process of identifying and managing issues within a supply chain. In practice, organisations take a co‐ordinated approach to managing both daily challenges and unique risks in the supply chain, typically using a supplier management software solution. The objective of supply ... Read More
December 8, 2020 inventory reporting, risk management, supply chain, supply chain challenges, supply chain management, supply chain riskBuilding Recession-beating Supply Chain Resilience & Agility
Confronted with a pandemic, we’ve seen global supply chains struggle to cope with the consequences of isolation and work-from-home orders. The outbreak has completely changed buying behaviours and patterns. In many industries, demand has dropped off substantially or moved online. With recession looming in several economies we thought it timely to ... Read More
April 21, 2020 Covid-19, inventory reporting, manufacturing, supply chain challenges, supply chain managementRecommendations for Managing Supply Chain Risks and Challenges
Globalisation means that our supply chains are more entwined and complex than ever. When a global disruption like the ongoing Covid-19 virus outbreak happens, its impact will be felt on both social and economic levels. Disruptions in the supply chain The Covid-19 outbreak is having a major impact on global supply chains, especially as governments [ ... Read More
March 4, 2020 Covid-19, inventory reporting, supply chain, supply chain challenges, supply chain riskThe Ethical Implications of Outsourcing You Need to Know
What is outsourcing? Outsourcing is the practice of hiring outside your business, or getting an individual to perform contracted work as opposed to paying your employees to do the work. Many businesses use outsourcing to: Reduce costs Focus on their core business Resolve capacity issues Enhance service quality Access to intellectual capital Busines ... Read More
December 16, 2019 inventory management, suppliers, supply chain, supply chain challengesSupply Chain Efficiency vs. Effectiveness
Supply chain managers can often think that if a process is efficient, it is also effective. In fact, this is not always the case. Confusion can arise because the relationship between efficiency and effectiveness is interrelated yet independent. This article will explain the difference between supply chain efficiency and effectiveness, and although ... Read More
April 6, 2019 business growth, inventory management, Manufacturing productivity, supply chain, supply chain challengesHow You Can Tackle Your Supply Chain Inefficiencies
The supply chain is a dynamic, logistical-laden beast. It has so many interworking parts, organisations, relationships, information, technology and people. Everything and everyone is dependent on the suave execution of supply chain getting them the right goods and services, at the right time. They call it a chain for a reason — everything is inte ... Read More
March 15, 2019 supply chain, supply chain challenges, supply chain managementOffset These 5 Types of Supply Chain Risks
Today’s supply chain risks are increasingly diverse as disruptions can come from a wide variety of sources, including physical damage at production facilities, natural disasters, strikes and labour disputes, capacity issues, delays, inventory stock problems and incorrect forecasts. Supply chain risk management is becoming a top priority in pr ... Read More
September 26, 2018 supply chain, supply chain challenges, supply chain riskWhy is a Digital Supply Chain So Important?
Much like any other process in production companies in the current global business climate, supply chains are becoming more and more digitalised as time marches on. However, despite this growing trend, there are still those that stick to more traditional supply chain management methods, even though the data shows digitalisation is profitable. So wh ... Read More
September 20, 2018 business automation, supply chain, supply chain challenges, supply chain managementThe First Step to Controlling Supply Chain Risks
The supply chain describes the processes and transfer of products and information from the origin or supplier all the way to the checkout counter in-store. As this is such a complex chain involving many hands and sometimes multiple countries with corresponding currencies and regulations, it can be fraught with uncertainties and risks. The supply ch ... Read More
September 19, 2018 suppliers, supply chain, supply chain challenges, supply chain management, supply chain riskIs Your Supply Chain Vulnerable to These Risks?
Supply chains are comprised of technology, logistics and people coordinating with each other around the world. They are powerful tools, but there are numerous risks that can threaten the health and stability of any supply chain. It’s important to identify what poses threats to your supply chain and be prepared. With good planning, you can [&helli ... Read More
September 11, 2018 supplier relationship, supply chain, supply chain challenges, supply chain riskWhat is the Future of Supply Chains?
The future of supply chains will be vastly different to supply chains past. Where once the emphasis for supply chains was upstream on such things as raw materials and production processes, the future of supply chains takes a reverse direction focussed on the downstream customer. Technology is reinventing supply chains and customers increasingly exp ... Read More
August 30, 2018 supply chain, supply chain challengesWhy Are Digital Supply Chains So Important?
In our increasingly digital world, consumers are demanding speed, convenience and accuracy. Technology has helped many businesses keep up with these demands, and in particular, the rise of the digital supply chain has increased efficiency for manufacturers. However, many companies are struggling to keep pace with the onslaught of digital trends tha ... Read More
August 27, 2018 business automation, supply chain, supply chain challenges, supply chain managementDon’t Get Caught Out: Prepare Your Supply Chain for Disaster
Supply chains typically operate in distinct segments with limited networks and communication. Those segments are equipped and set-up to handle day-to-day processes from manufacturing, transportation, and warehousing, to overarching inventory control processes. But emergency scenarios challenge the nature of those established business sections. They ... Read More
August 27, 2018 supply chain, supply chain challenges4 Supply Chain Risks and How to Mitigate Them
For those in the business of providing paying customers with a product or service, the importance of a well-functioning supply chain cannot be overstated. One minor hiccup along the way can catapult the manufacturing and delivery process into chaos, and there are multiple factors that can become supply chain risks. In this article, we identify [&he ... Read More
August 24, 2018 supply chain, supply chain challengesUnderstanding the Digital Supply Chain
As any business owner would know, a well-functioning supply chain is vital to the success of any business. Getting it right entails the efficient networking between all individuals, organisations, and activities involved in a business process from the manufacturer to the end user. Nowadays, the traditional supply process is carried out with the aid ... Read More
August 24, 2018 business automation, supply chain, supply chain challengesTips for Managing a Product Recall
Product recalls can happen for a variety of reasons including health problems, false advertising, defects and hazardous performance. There is a spectrum of recalls with some problems being very minor, while other issues are downright dangerous. One of the most recent and infamous product recalls was the Samsung Galaxy Note 7. With phones catching f ... Read More
August 22, 2018 supply chain, supply chain challengesManaging Your Supply Chain When Natural Disasters Hit
When you turn on the news, chances are there will be a report of an extreme weather event. Natural disasters are becoming increasingly prevalent and can be problematic for both people and the businesses in its path. When Mother Nature comes in full steam ahead, braced with a natural disaster-grade storm, it’s important to prepare. […] ... Read More
August 22, 2018 supply chain, supply chain challengesThe Important Role of Inventory Management in the Supply Chain
Managing good customer and supplier relationships is a crucial aspect of effectively managing supply chains. In many cases, this collaborative relationship approach has been considered the essence of supply chain management. At the centre of these supply chain relationships, particularly those involving product flows, is inventory management. Why I ... Read More
August 21, 2018 inventory management, supply and demand, supply chain, supply chain challengesManaging a Crisis in Your Supply Chain
Disaster can happen to a business through both natural and man-made crisis. Whether you are struck by a climatic, natural or sabotage event, the key to dealing with any disaster is preparedness. Even when you prepare for all eventualities, prevention is not always guaranteed but preparedness is the best offensive for dealing with a crisis. [&hellip ... Read More
August 15, 2018 supply chain, supply chain challengesTaking a Step Towards a Sustainable Supply Chain
Consumers worldwide are expected to increase by 1.8 billion by 2025, representing a significant increase in opportunity and potential revenue to manufacturers and distributors. Additionally, the spending power of consumers is expected to increase even more than this as global incomes increase as well as the proportion households spend on consumable ... Read More
August 14, 2018 supply chain, supply chain challenges, sustainableNot If, But When: How to Green Your Supply Chain and Stay Competitive
The world demands sustainability. Shareholders, customers, lobby groups, and not-for-profits want companies to be more sustainable. While the mantra is simple, giving real effect to that philosophy can be more complex. MBA programs continue to teach historic practices maximising return on capital being the centrepiece of commerce. But most successf ... Read More
August 10, 2018 suppliers, supply chain, supply chain challenges, sustainableOptimise Your Supply Chain for Seasonal Demand Surge
The busy season where peak demand for your product can generate healthy revenue is both exciting and very challenging. Demand surges not only influence inventory stock levels and customer service satisfaction, but can also impact your entire supply chain. Getting the right inventory stock to the right place, in a timely manner is a massive [&hellip ... Read More
June 18, 2018 seasonal demand, supply chain, supply chain challenges, supply chain management