Category: Supply Chain
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What Is Supply Chain Mapping? Why Supply Chain Mapping Is Important
Many small businesses worldwide are not ready for disruptions to their supply chain. Yet, at the same time, over 70% of all companies are somehow involved in the global supply chain. Supply Chain mapping is documenting information across your company’s stakeholders. It is about looking at all the stakeholders and also the function of each…
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Supply Chain Management Results In Enhanced Customer Value
The global supply chain and customer value are interlinked; most customers do not think about the supply chain and all that it takes to enhance the customer value within the supply chain. Proper management of the global supply chain helps to enhance the customer value and experience. The global supply chain is highly complex. Many…
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11 Reasons To Be Part Of The Global Supply Chain
In college, I never thought I would make my career part of the global supply chain. I did not know or understand what the global chain was, There are many great reasons why you may want to consider becoming part of the global supply chain. Everything from the opportunities you will have to be at…
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What Is Meant By Upstream And Downstream Supply Chain?
When many companies look at the supply chain, they will look at the upstream and downstream supply chains. Though these are the same supply chain, there are some differences. Many companies divide their supply chain into upstream and downstream supply chains. The upstream supply chain concerns the contract supplier and their subsuppliers, including things to…
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An Efficient Supply Chain And How To Improve It
Most global companies aim to have the most efficient supply chain possible. A well-functioning supply chain is also an efficient supply chain. An efficient supply chain is a supply chain that functions and operates and does so at the most optimal level possible. An efficient supply chain can excel at getting products or services ordered,…
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What Is Meant By Production & Productivity – The Differences
The words production and productivity sound similar; many people think they have a similar meaning, but production and productivity are different. Production is about manufacturing goods from raw materials to finished products. Productivity is considered part of the production process. Productivity is about how efficient a country or company is. Productivity is an economic principle;…