Sourcing & Business Tips
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Blogs – Sourcing & Business Tips
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Top 9 Benefits Of Global Sourcing
Global sourcing is when a company purchases products from overseas. Many companies enjoy the benefits of buying and sourcing their products globally. There are many benefits for companies to source their products and even services globally. Sourcing their products globally usually allows them to buy a product with the design, price, quality, and quantity they…
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Impact Sourcing And Why It Is Important
One of the new buzzwords that many people are talking about is Impact Sourcing. It is about looking at ways business decisions can help to alleviate worldwide poverty. Impact Sourcing is part of the Business Process of outsourcing; it looks at how a company can employ socially and economically disadvantaged employees as their principal workers. Impact…
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Machine Learning and Artificial Intelligence Explained
The new buzzwords today are artificial intelligence and machine learning. The terms machine learning and artificial intelligence are many times wrongly used interchangeably. AI is best defined as the broad science that is used to mimic human activities. Machine learning is a subset of AI that trains the machine to learn through data and pattern…
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Can I Copyright My Furniture Design?
Many designers wonder if they can copyright their furniture designs or if they should try to get a trademark on them. Both of these laws can be a bit complicated. To copyright, your furniture design product must be in tangible form. A tangible design has copyright protection, but if you want to bring a case…
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How Do Information Systems Support The Supply Chain?
Anyone in the supply chain knows and understands that information systems are critical to the supply chain. Information systems provide the basis for the supply chain to make the correct decisions. Information systems and the information we can obtain are critical in any supply chain. For correct decisions to be made, we must have and…
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What Are The Major Benefits Of Strategic Sourcing?
The new buzzword in sourcing or procurement is strategic sourcing. Strategic sourcing is a process that helps suppliers to source their products efficiently. Never underestimate the proper use of the strategic sourcing process in your supply chain. Strategic sourcing is a significant benefit to all stakeholders within the supply chain. Strategic sourcing forces all stakeholders…
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Seven-Step Strategic Sourcing Process Explained
The most challenging thing for many companies within the supply chain is to find suitable sources or, in other words, to procure the correct products. Sourcing or procurement affects almost every company and business in some way. A seven-step strategic sourcing strategy process will help companies succeed when procuring a product or a commodity. If…
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Where To Buy Home Decor Items For Retail Or Your Online Store?
If you are looking to start an online or retail store, one of the most significant issues most people face is knowing where to buy the home decor items for their online or retail store. We have been producing home decor products for over 20 years; we have experience in knowing where to buy home…
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50 Supply Chain and Other Jokes – Laughing Out Loud (LOL)!
Every once in a while, we all need to find some humor in our lives. Here are some of my favorite supply chain, manufacturing, procurement, and other jokes Today, humor is needed, especially as the supply chain has been turned upside down with COVID lockdowns, out-of-control shipping costs, and container vessels that never leave port.…