Any attack that exploits or tampers with third-party software, hardware, or applications is considered a supply chain attack. Organizations typically work with a variety of outside vendors, each of whom may use dozens of dependencies in their tools and services. For that reason, it may be dif...
When the three SCS pillars are considered of equal importance, a business likely benefits in various ways. These include an improved bottom line, more satisfied employees and a healthier environment both inside the workplace and in the community in general. Other benefits include the following: New...
The supply chain is the most obvious face of the business for customers and consumers. The better a company can perform supply chain analytics, the better it protects its business reputation and long-term sustainability. In The Thinking Supply Chain, IDC’s Simon Ellis identifies the five “Cs...
Considered the highest honor in our industry, the SITE Crystal Awards recognize creative, practical and truly memorable incentive travel programs that keep employees engaged, drive business results and improve the bottom line for global corporations. The awards are aimed at incentive travel professionals...
The goal of demand-supply chain is to make sure that the supply and demand work properly. The demand should be met and supply should not be more than what expected. There are lot of variables which are considered in demand analysis and supply analysis.Importance...
Logistics is the part of the supply chain your business is responsible for and covers procurement, inventory management, distribution, warehousing, transportation, packaging and risk management. For small businesses in particular, logistics should be considered essential to reducing costs, staying competitiv...
As the C-suite evolves with the times, sometimesone role begins to look a lot like another. McKinsey has found, for instance, that the CFO role has expanded to the point that it’s beginning to cross over into what has traditionally been considered the purview of operations or information ...
Bonds are often considered a "safe" investment, but are they right for you? Do you have to buy a whole share of stock? Shares of stock are the smallest units of ownership in a company, but they aren't necessarily the smallest units that individual investors can own. In recent years, ...
How SRM helped the USPS When the United States Postal Service (USPS) decided to update its SRM governance model in 2018, its SRM was already considered mature. The USPS streamlined its supplier rating system from nine to four standard metrics for timeliness, quality, cost and innovation. These...
A business will plan every step required to take materials and produce the finished article, from product design and manufacturing, to packaging and quality control, each stage is considered and analysed. 4. Inventory management Inventory management is another important facet and requires a fine balan...