Within a workplace, understanding the value and importance of performance management is key for a company to meet its business objectives and goals. Managers who understand what performance management is and how they can effectively implement it possess a competitive advantage. This is because effective performance management helps businesses ensure that they are getting the […]
In recent years, supply chain technology has evolved immensely from tools such as ERP software to self service business intelligence tools, advanced planning software and more. There are many options available for keeping track of supply chain performance. Despite the advancements in technology, the most commonly used tool for supply chain performance are still excel […]
To define logistics requires you to understand that it is really only one integral part of supply chain management. Logistics is the process of transporting goods through each stage of the supply chain into the hands of the customer. However, logistics management is not as simple as scheduling trucks to pick up and deliver goods […]
Inventory Management is the process through which inventory is maintained in order to meet the demand of a company’s goods. A great inventory management system will tell a company exactly how many items they have on hand so that they can prevent shortages or surpluses, both of which can incur costs. Shortages will cause delays […]
As far as trends in supply chains go, sustainability is by far one of the most discussed topics this year. Governments and businesses all over the globe have begun to realize the importance of sustainability initiatives, so that we can have an optimistic future moving forward. People now expect businesses to do their part in […]
From plastic bottles to Styrofoam to shrink wrap, plastic packaging is a big part of many supply chains, especially for companies in the consumer-packaged goods sector. And all that plastic has serious environmental consequences. Producing it generates nearly a gigatonne of greenhouse gas emissions each year. And it’s a major source of air pollution, since […]
Visibility is extremely important when it comes to having an efficient and productive supply chain. It’s the ability for every member of the supply chain to be able to successfully monitor and track the process of goods being delivered to the customer. Having supply chain visibility allows for fewer disruptions, increased communication, better customer service […]
There has never been a more complex time to work in supply chain. The combination of globalization, rising consumer expectations, and the boom of e-commerce is pushing supply chains to their limit. Old processes that included paper trails and excel spread sheets are no longer able to keep up with modern day supply chain demands. […]
CEOs are not considering supply chains until something goes wrong. The task of developing consistent supply chain strategies and making data-driven decisions to improve performance is extremely undervalued. Some organizations have introduced digital visualization tools, yet they still don’t trust their supply chain data, and resort to manual scrubbing to make sense of data. There […]
CEOs are not considering supply chains until something goes wrong. The task of developing consistent supply chain strategies and making data-driven decisions to improve performance is extremely undervalued. Some organizations have introduced digital visualization tools, yet they still don’t trust their supply chain data, and resort to manual scrubbing to make sense of data. There […]
