Many businesses look at their business strategies but do not give their supply chains the same care; they do not see the supply chain as an essential part of their business. The Supply chain and the business strategies are some of the most important strategies a business can have. A business should look to align…
Working in the supply chain can be highly complex as many different parts and pieces must be together for the supply chain to work efficiently. Three main key flows should be considered in supply chain management. The three critical flows in supply chain management are material or product, information flow, and financial flow. All of…
In the bustling world of modern business, a strong, efficient, and resilient supply chain is the lifeline of any successful organization. That is why it is essential for companies to understand what it means to build an efficient and effective supply chain. The supply chain represents the intricate network that intertwines the various organizations, activities,…
Today the internet is so much a part of our world and lives that most people do not realize there was a time when there was no internet. The internet has transformed global trade and business. The internet has revolutionized global trade and business in numerous ways, making it easier and more convenient for…
Anyone that is buying or selling products is part of the supply chain. If you are buying products from overseas, it is good to understand what a supply chain looks like. The supply chain looks at the network and connection between suppliers and companies as they create, manufacture, and distribute a product to the end…
Cargo ships are massive vessels that must be built to safely carry goods across the world’s waterways. But like many things, such as seaworthiness and who is a liability for damage to property or life can be pretty complicated. Cargo ships are considered seaworthy if they can show they meet international standards for seaworthiness. As…