When companies sell goods to customers, a supply chain is involved that impacts all aspects of the business. Many people believe that supply chain management is nothing more than supplier management. While this is indeed a big part of the job, there is actually a lot more to it than that. Supplier management entails negotiating … Read moreWhat Elements Make up Supply Chain Management?
As supply chain visibility continues to mature quickly, it becomes more indispensable to businesses. The rise of the consumer-centric supply chain with its emphasis on giving people endless choices has placed a lot of pressure on supply chains to switch from a focus on scalability to one that is responsive and agile. In addition, supply … Read moreThe Future of Supply Chain Visibility
While everyone knows that collaboration is a good idea in theory, the reality for many companies that try to work closely with suppliers is much different. That’s why a recent study in the Supply Chain Management journal looked into the reasons that supply chain collaboration often fails. According to the study’s authors, many firms are … Read moreWhy Does Supplier Collaboration Often Go Wrong?
It wasn’t too long ago that the lean supply chain was regarded as the best way to manage supply chains and manufacturing. However, as digitization and associated factors like artificial intelligence and augmented reality come to the fore, the agile supply chain is quickly generating a lean-like level of buzz. Even though agility is a … Read moreAgile Supply Chain Quickly Gaining Favor Over Lean Concept