Diversify or Die: Strategies for Reducing Supply Chain Vulnerability
by In today’s rapidly changing business environment, diversification is more important than ever. The COVID-19 pandemic has highlighted the need for companies to be able to …
Category: Planning
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
How Top Management’s Clear Direction Can Enhance Company Performance
In the fast-paced world of business, having a clear direction is essential for companies to stay on track and achieve their goals. Clear direction from …
Closing Down a Manufacturing Plant: Options, Challenges, and Strategies for a Smooth Transition
Manufacturing plants are essential to the economy of a country. They provide jobs for people and contribute to the production of goods. However, some manufacturing …
Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
The Temptation of Adopting Every New Technology: Should All Businesses Follow Suit?
The world of supply chain management has undergone significant changes in recent years due to technological advancements. These changes have created a new reality in …
Building a New SCM Department from Scratch: Obstacles and Solutions
Starting a new department in any company is an exciting time filled with possibilities and opportunities for growth. However, it is not without its challenges. …
Separating or Combining SCM Departments: Factors to Consider
Supply chain management (SCM) is an important concept in modern business. In today’s complex and rapidly changing business world, SCM is becoming increasingly important in …
The Ultimate Guide to Raw Material Price Negotiations for Small Volume Customers
When it comes to running a business, the cost of raw materials can make or break your profit margins. As a business owner, you understand …
Spot Purchasing vs. Contracts: Which is the Right Choice for Your Raw Material Needs?
As any manufacturer knows, raw materials are essential in the production of finished goods. Without a reliable supply of raw materials, production can come to …
The Importance of a Balanced Approach to COGM and COGS Prioritization
When running a business, it can be challenging to decide where to allocate resources and prioritize expenses. One common decision is whether to prioritize COGM …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
The Importance of Transparency in Supply Chain Audit for Improved Efficiency and Risk Management
Supply chain audit is the process of evaluating and testing all aspects of your supply chain, including planning, purchasing, production, delivery, and customer service. Its …