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 …
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. …
Delivering on Customer Expectations: Why Shipping Options Matter in E-commerce
As e-commerce continues to expand, retailers face the challenge of meeting rising customer expectations. Shipping is a critical aspect of online shopping, and customers now …
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 …