Articles
Supply Chain
5 Top Contract Management Strategies
The pandemic brought a surge in suppliers invoking force majeure clauses in their contracts. Force majeure removes liability for unforeseeable and unavoidable catastrophes that interrupt the expected course of events and prevent participants from fulfilling obligations. Buyers, as well as suppliers, understood that the extreme circumstances surrounding the pandemic warranted it.
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You Should Be Asking What You Left on the Table!
You can’t assume medium and large companies have “best practices” because they are large, and they must have grown to that size because they are efficient and make great decisions.
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Forward Integration: Strategies, Advantages, And Risks
Forward integration is a key strategy for businesses to strengthen their market position and control over their supply chain. This approach involves companies taking charge of distribution or supply activities further down the value chain. This article examines the various strategies, benefits, and risks of forward integration, offering insights for businesses to effectively implement this […]
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Future Focus: 2024’s Top 3 Supply Chain Trends
Three key supply chain trends to watch in 2024.
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Bill of Materials (BOM): Definition, Impact, and Components
The Bill of Materials (BOM) is a cornerstone document critical to creating any tangible product in the intricate web of modern process manufacturing and product development. It is a comprehensive list that catalogs all the components, raw materials, and assemblies needed to construct a finished product. Its accuracy and detail reflect directly on the production […]
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Hybrid Supply Chain: Definition, Strategies, and Advantages
In an era where the pace of change is relentless, the concept of a hybrid supply chain has emerged as a beacon of adaptability and resilience in the business world. The COVID-19 pandemic exposed vulnerabilities in traditional supply chains, leading to an increased interest in hybrid models. According to a survey conducted by McKinsey & […]
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Supply Chain Monitoring: What It Is, Why It Matters
Supply chain oversight is an indispensable element in the corporate environment for successful functioning. This blog post explores the supply chain monitoring concept to provide valuable insights and help you understand its importance. We will explore supply chain monitoring and how it can benefit businesses. Additionally, we will discuss some common challenges organizations face when […]
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Leadership Playbook for Supply Chain Managers
Industry leaders and mainstays share leadership tactics—from venturing out of comfort zones to embracing missteps—that allow supply chain managers to inspire others, build cohesive teams, and tackle logistics challenges.
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Supply Chain Management: Definition and Process
Supply Chain Management (SCM) is a critical backbone of any thriving economy, acting as the arterial network that ensures products move efficiently from production to the hands of the consumer. Within this domain, SCM is a dynamic and evolving field, essential for seasoned industry professionals and ambitious newcomers shaping their careers. A study by PwC […]
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Lean Supply Chain: Definition, Advantages, and Disadvantages
In today’s highly competitive business environment, a lean supply chain is more than just a strategy; it’s necessary for companies looking to enhance efficiency and customer value. By employing lean principles that originated from the Toyota Production System, businesses across various sectors are streamlining their supply chains to reduce waste, improve customer satisfaction, and gain […]
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Transloading vs Cross Docking: Definitions, Advantages, and How to Choose a Service
Navigating the complexities of the supply chain can be daunting for businesses looking to optimize their shipping performance. At the heart of a modern supply chain are services like transloading and cross-docking, which are vital for moving shipments efficiently. Understanding the differences between these services and how they can enhance or hinder your operation is […]
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Operations Management vs Supply Chain Management: Their Key Similarities and Differences
In the dynamic worlds of business and manufacturing, efficiency, effectiveness, and improvement are key. One aspect where this becomes evident is when analyzing operations management vs supply chain management. Though distinct, these two integral components of business management are often intertwined, each playing a crucial role in ensuring that businesses operate smoothly, products meet quality […]
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VERTICAL FOCUS: Candy Supply Chain
From a global shortage of sugar to cold chain compliance considerations, candy companies overcome supply chain challenges to hit the sweet spot for consumers.
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IN BRIEF: New Services and Solutions
From recently delivered Super Post-Panamax ship-to-shore cranes for the Port of Savannah to a new bi-directional automated guided vehicle with a 5,000-pound payload, these recent innovations and developments boost supply chain services and operations.
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Tennis Ball Supply Chains: Bouncing Around the Globe
Sporting equipment makers are under pressure to reduce the carbon footprint of these pressurized rubber balls. Here’s how they’re hitting circular supply chain goals.
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GOOD QUESTION: What’s Your Controversial Take on a Supply Chain Issue?
Industry insiders share their controversial opinions on supply chain topics.
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Made in America? Earning the Label
With U.S. consumers paying attention to “Made in USA” labels, here’s how companies can earn that stamp with supply chain savvy.
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10 Best Paying Trucking Companies
Are you a truck driver looking to work for one of the country’s great trucking companies? Are you searching for the best trucking companies to drive for? Below is a list of the top paying trucking companies, as ranked by TruckDriversSalary.com. GP Transco and Riverside Transport stand out not just for their competitive pay and […]
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IN BRIEF: New Services and Solutions
MSC now calls at Port Everglades, instead of Miami, on its Santana service, which connects Southeast Asia to the United States. The service now includes the following on its rotation: Haiphong, Shanghai, Ningbo, Busan, Rodman, Caucedo, Port Everglades, Charleston, Baltimore, New York, Boston, and Singapore.
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