From its inception thousands of years ago in organized trade, logistics has always been an integral part of commerce. However, it was only in the 1900s that it began to gain academic interest, especially in the context of farm product distribution. Mastering logistics remains challenging due to its intricate nature and influence on society’s living…
Supply chain management has evolved beyond its traditional role as merely the backend function of a business. Today, it stands prominently at the forefront of enterprises globally. Consequently, every supply chain manager must arm themselves with core competencies. This arsenal should encompass a global viewpoint, stellar communication prowess, decisive leadership, impeccable ethics, and sound financial…
Examining supply chain management requires a thorough understanding of the various components of a global supply chain. Each of these five supply chain elements, such as planning, sourcing raw materials, delivery, manufacturing, and returns or complaints, is pivotal in ensuring your supply chain operates efficiently and effectively. Every supply chain manager’s objective should be to…
Today, the world continues to get more and more interconnected. So much of what people buy is produced in another part of the world. With the increasing globalization of trade and commerce, supply chains have expanded and become intricate. As the supply chain widens its reach, so does its vulnerability to potential threats and disruptions.…
As the world grows increasingly interconnected, the boundaries that once defined local commerce are fading. What was once confined within national borders now spans the globe. It’s no revelation that our supply chain concept has evolved from merely ‘local’ to unmistakably ‘global.’ Trade between nations is at an all-time high, a momentum likely to sustain.…