Therefore, the definition of forward integration is when companies on the bottom of the supply chain take over the components in front of them. Backward integration is similar but works in the opposite direction. In the latter case, a furniture business might decide to start purchasing and proces...
Delivery:Delivery is the final step in the forward supply chain and entails getting goods or services to customers, whether another business or consumers. The company must organize and prioritize orders to ensure it can meet promised delivery timelines and avoid downstream issues, like high-demand S...
physical footprints is a critical starting point. While it will take time to adapt supply or value chains (given challenges related to finding and qualifying alternative suppliers and to building new plants),taking a fresh look at networks and supply chain structurescan help companies move forward....
Perhaps a project is shipped on time, but malicious code was long ago injected into those open source components on which that project was built. If the malicious code is discovered prior to the project shipping, that’s great. But now, instead of continuing with forward progress, remediation...
Reverse logistics is the movement of goods “upstream” through a supply chain, to return them from the end customer back to a retailer or manufacturer. One of the most common examples which all e-commerce businesses will be familiar with is product returns. Online consumers returning a product...
AsGartner explains, supply chain planning is the “forward-looking process of coordinating assets to optimize the delivery of goods, services, and information from supplier to customer, balancing supply and demand.” Supply chain strategies for small business ...
The companies that fall in transformation, often it’s because they drop it at the end; they don’t have a plan to keep rolling forward. Q: Is the problem a lack of collaboration? Or where is the disconnect? Littlefield: It's not one answer. Is transformation something ...
And be sure to document everything about the incident—not just for legal reasons, but to help you pinpoint your company’s vulnerabilities and strengthen your defenses moving forward. Types of supply chain attacks Supply chain attacks come in different forms, yet all are designed to exploit ...
According to the CSCMP, “Logistics management is that part of supply chain management that plans, implements,and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to...
positioning themselves not just as a leader in their respective markets but also as a brand that is innovative and forward-looking. In addition, businesses working in line with the government’s 4IR goals will have direct access to investment in technology and research and development, fu...