Supply chain vulnerability.Supply chain reliability is critical for businesses. Because companies hold less inventory in warehouses, they can be more vulnerable to unexpected supply chain disruptions. Any interruption to the flow of goods from suppliers can mean companies quickly run out of goods to ...
A well-managed supply chain can help companies identify and mitigate risks such as supply disruptions, price fluctuations, and quality issues. By having risk management plans in place, companies can minimize the impact of these risks on their operations and maintain business continuity. ...
Supplierswilltake a view onthetypes ofproducts to be provided having regard to customers' demand and other market factors. legco.gov.hk legco.gov.hk 在自由市場競爭的環境下,汽油零售價格其實主要由市場決定,而供應商亦會因應顧客需求及市場因素等,決定提供產品的類型或種類。
resilient supply chainSUSTAINABILITYMANAGEMENTCAPABILITYGREENWe are currently dealing with disruptions in supply chains. They come from faulty production systems, in poor organization of distribution processes or are related to external factors, often unseen. Consequently, it is necessary to build resistant ...
Despite advancing by leaps and bounds over the past few decades, the manufacturing industry still faces numerous challenges. Amidst economic uncertainties, shortages of skilled labor, and ongoing supply chain disruptions, manufacturers will have a lot on their plates in 2024. ...
Supply chain planning is a process that helps businesses ensure they have the right amount of goods and services to meet customer demand. Find out more about SCP in this article.
Safety Stock is additional inventory held to prevent stockouts caused by inaccuracies in demand forecasting or supply chain disruptions. It’s a critical buffer that ensures customer demand is met without delay. First In-First Out (FIFO) vs. Last In-First Out (LIFO) Explained ...
This extra inventory mitigates supply chain disruptions. Optimal safety stock levels protect against stockouts without excessive holding costs. Cycle Inventory This is your regular stock that fluctuates based on sales and replenishment cycles. Understanding your cycle inventory helps optimize order quantities...
Unexpected challenges pose a greater hurdle for most companies. Most companies have experienced more than their fair share of unexpected challenges over the past few years, including erratic gas prices and significant supply chain disruptions.
Reverse logistics is a type ofsupply chain managementthat moves goods from customers back to the sellers or manufacturers. Once a customer receives a product, processes such as returns or recycling require reverse logistics. Reverse logistics start at the end consumer, moving backward through the sup...