Mitigating Risk- A Fundamental Supply Chain Driver

The Council of Supply Chain Management Professionals defines supply chain management as the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. The sheer breadth of the whole supply chain area can expose businesses to risk from a multitude of different sources. These risks can vary from natural disasters, strike action, disruptions, legislative changes and supplier or vendor reliability / financial security, as evidenced most recently by the problems besetting Hanjin and the shipping industry...

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Warehouse Layout Design

Enlisting a professional who can design the layout of your warehouse can be helpful. Let's discuss when to look into services that can help you with warehouse layout design and tips on designing a warehouse. When Building A Warehouse From The Ground Up If you have a great idea for a business but  need a warehouse, then you'll want to look into using a company that can help you with the layout. Alternatively, the use of software can also be...

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Supply Chain Model

An efficient supply chain is among the most significant aspects of business management today. If you are a business owner, you probably already understand that your supply chain---which can be local and quaint or global and multinational---controls the flow of your products and business information as well as your flow of capital. Simply put, the significance of a supply chain model (SCM) in your business is self-explanatory: it streamlines and manages vital business processes. However, as any business expert would...

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Supply Chain Management Consultants

When firms start grappling with vendor and inventory management, they may seek the help of a supply chain consultant. This person can either offer advice on how to make improvements or take up an active in-house management role. Supply chain management consultants are usually well acquainted with freight cost management, procurement, vendor management and price negotiation. Inventory is a vital aspect of operational costs for many companies. It thus needs prudent management for profit maximisation to be achieved. A consultant...

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Customer Expectations and the Supply Chain

Reviewing the Supply Chain- The importance of involving customer Globalisation has led to increased competition from international markets. At the same time we see increased pressures on the supply chain to offer customers low cost products and in turn minimising profit margin. A supply chain is a network consisting of a chain of activities, facilities, people and other resources directly or indirectly involved in supply of goods to customers. The way a business sees its supply chain is fundamental to...

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