Supply Chain Management

Procurement Pro Supply Chain Management
Supply Chain Management

Stop Messing Up Your Supply Chain! Avoid These Three Common Errors

Although there are many ways you can mess up your supply chain, here are three areas that, when sufficient attention is paid, will put you in a much better position. It is amazing that these items are not yet adopted universally. Not Using Available Data We’ve been inundated, virtually crushed, by the sheer amount of

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Supply Chain Management

5 Supply Chain Management Blunders

Fortunately, we have many tools today that help mitigate the inherent risk associated with supply chains. We can also learn from the past. Here are some classic examples of supply chain blunders that happened because of inept management decisions. 1. WebVan Whereas today, online grocer WebVan would likely have flourished, at the turn of the

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Supply Chain Management

When Supply Chains Go Wrong

Supply chains should be resilient. The reality, however, is that many can be sent into a dangerous tailspin at the slightest provocation. A tailspin that can be difficult to recover. We’ve seen examples of both resilience and tailspins throughout history, caused by natural disasters, wars, trade policies and politics, pandemics, and even former late-night TV

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Supply Chain Management

5 Ways to Make Your Supply Chain More Resilient in 2021

The world we live in today is very different from what it was a year ago. We’ve been forced to find new ways to safely work and interact with other people and within our environments. Many companies have had to alter the way they do business to remain effective and still be safe. When it

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Supply Chain Management

China, the Coronavirus and Supply Chains

We’ve seen it before: the face masks, expressions of fear and daily spikes in body counts in the headlines. Now we’re in the midst of yet one, more powerful, coronavirus COVID-19. Coronaviruses represent a group of viruses that infect both birds and mammals. Dubbed coronavirus based on the crown-like spikes on their surface, they are responsible

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Supply Chain Management

Any Downsides to 5G in Supply Chains? Yes.

While 5G will deliver high efficiency, there will also be challenges for those implementing it, from the sheer volume of data to a disconnect in the available infrastructure to support it. 3G and 4G implementation was far from painless. Expect similar woes with 5G supply chain implementation. Of major concern is that you can’t just

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Supply Chain Management

A Look Back: Supply Chain Reflections

As we embark on 2020, let’s pause and reflect on what we learned last year. Looking at 2019 from a 50,000′ level, the year saw an unprecedented supply chain transformation. Security, outsourcing, garnering greater intelligence via AI, and the explosion of IoT impacted the supply-chain landscape, even while the U.S./China tariff game inserted confusion. Blockchain

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Supply Chain Management

Deep Space Supply Chain Rewrites Definitions of Logistics and Risk

Moving beyond the space station concept, where astronauts have spent up to a year living in space, the next phase for NASA is a return to the moon and eventually to Mars. To be successful in both endeavors will require a rewrite of logistics, material handling and storage. According to NASA, the Gateway will be

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Supply Chain Management

Characteristics of a Transparent Supply Chain

By now, it’s no surprise that supply chain transparency is the ultimate goal. Transparency has become a must-have in today’s market. The problem is, it’s not always easy to achieve since the process requires companies to invest a lot of time, effort and funds. In some cases, it may even require organizations to change old

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Supply Chain Management

Supply Chain Managers: Why Following the Money is the Best Way to Calculate Risk

Six years after the 2008 global financial meltdown, a University of Tennessee study by its Global Supply Chain Institute indicated 90% of respondent firms did not quantify risk when creating their global supply chains and outsourcing production. Supply chain risk was still largely ignored, even though two thirds of study participants employed risk managers. The

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