In this article, we’ll explore the concept of sustainable supply chains and discuss some of the key trends and challenges in this area. We will also look at some examples of companies that are leading the way in sustainable supply chain management. What is supply chain sustainability? Supply...
Because supply chains involve many parties, often across the globe, an accurate, rapidly updated, secure, visible record benefits everyone involved. When blockchain is used, the single ledger consolidates everyone’s data into unchangeable records. That means when an update occurs, it pushes into ...
Phases of managing a supply chain As you can imagine, supply chains can be incredibly huge, especially when they involve international suppliers. In general, they can be broken down into five phases. Product and inventory planning: Evaluating market demand evaluation, managing inventory and resources...
Types Of Supply Chain Attacks There are several kinds of supply chain attacks, all of which involve creating or taking advantage of security weaknesses in solutions companies trust. They include: Stolen certificates. If a hacker steals a certificate used to vouch for the legitimacy or safety of...
Finally, companies with little to no presence in China (archetype 4) may want to consider whether the market is really as impenetrable as they think. Setting up a new, China-specific business or brand, designed to serve Chinese customers while being fed by regionalized supply chain...
Global supply chains involve many people and can be very complicated. This means it will cost more money and take longer for things to get where they need to go. Multi-language and culture Global supply chains involve people from different countries. This can lead to issues because they may ...
Putting AI to work in planning and managing supply chains can’t be done overnight. While the technology offers tremendous potential to reduce costs and simplify processes, it can sometimes be expensive and difficult to deploy. There are some common challenges companies face when infusing intelligenc...
SCM is based on the idea that nearly every product that comes to market does so as the result of efforts by multiple organizations that make up a supply chain. Although supply chains have existed for ages, a lot of companies didn't pay attention to them as a value-add to their operation...
What are the Tools Used for SCP? Companies can use various management tools and techniques for effective supply chain planning. However, some of the critical supply chain drivers are: Sales and Operations Planning (S&OP)– S&OP is a process that helps companies to align supply and demand. It ...
Over the long term, creating resilient supply chains is integral to economic recovery and the ability to cope with inevitable black swan events. This will involve reconfiguring supply chains and ensuring networks are robust in way that they were not at the beginning of 2020. Considerable resource ...