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…
At the heart of every action in the supply chain lies communication. Undoubtedly, it stands as the most pivotal element for anyone navigating the intricacies of the supply chain, especially on a global scale. Information equates to both time and money. Miscommunication or lacking vital information can lead to delays, increased costs, and challenges. Join…
AI or Artificial Intelligence has taken over the world. Many people feel like AI will change the world in many ways, and one place it will change things is through the global supply chain. AI or Artificial Intelligence will change the global supply chain in many ways. Everything from refining forecasting capabilities to helping select…
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…