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,…
I have heard some talk on the news and other places that Covid has ensured that Global Sourcing is now dead. I do not believe that Global Sourcing is still alive and well. There are many reasons why Global Sourcing and the Global Supply Chain are not dead. Everything from the cost to selling products…
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…
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…