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Improve Supply Chain Management in 6 Simple Steps
For every business, efficiency and effectiveness are both key in ensuring maximal profitability. No clearer is this than in the supply chain, where mutual dependence between suppliers, manufacturers, and retailers means that everyone has to be on their toes to ensure the consumer gets their good or service on time, to the required standard and at the right price. In the supply chain, things can go wrong, and waste can be a problem for supply chain supervisors and executives to deal with. Managing the supply chain from upstream to downstream is a must, but it can sometimes be difficult to [...]
‘Code red for humanity’? A Summary of the 2021 IPCC Report.
The Intergovernmental Panel on Climate Change (IPCC) have released part of its Sixth Assessment Report this week, which details the current state of the global climate crisis. Since the release of the report, the bleak findings are ‘a code red for humanity’, as described by UN Secretary-General, Antonio Guterres. Here, we are providing a summary of The Good, The Bad and The Ugly news outlined in the report, including their recommended actions as well as actions we recommend you take that can help improve the climate crisis. The Good: Deliberate removal of carbon dioxide (CO2) from the atmosphere could [...]
5 Tips for Better Supply Chain Management
Supply chain management is by no means an easy task. The term encompasses all that is required in the entire production flow of a good or service - from the raw materials, to the processes and/or manufacturing, delivery and even beyond. Regardless of how big or small your company is, the supply chain is likely to be a complex web of elements. So much so that numerous models have attempted to simplify its key components to make it easier to understand and effectively manage. One such example is the SCOR (Supply Chain Operations Reference), developed by the supply chain council [...]
The Importance of Supply Chain Diversity
In this blog post, I want to talk about the importance of supply chain diversity and why it’s beneficial for large companies to look to diversify their suppliers. Not only does this strategy present significant advantages to the company in hand in terms of agility and the ability to adapt to a changing market, but it also has significant economic and social benefits. Let’s begin then, by looking at what supply chain diversity actually means. What is Supply Chain Diversity? Supplier diversification is a term that is associated with the strategy of manufacturing businesses to broaden the range of suppliers [...]
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