Given the constantly growing complexity of today’s global supply networks, supply chain change and transformation are unavoidable. Due to the “we can’t stop in the middle of a cycle” crucial nature of supply chain processes and applications, many firms are having difficulties adopting any changes to their supply chains in the face of this continuous […]
Last year was full of transformative processes for the supply chain industry, and this trend will continue in 2022. It has become very clear that for smart and effective decision-making, supply chain leaders need end-to-end visibility. With increased digitization, there are plenty of opportunities to streamline and correlate disparate data from multiple sources to gain […]
As we’ve all seen recently, the supply chain’s total spending, efficiency, and productivity can all suffer as a result of the failure to adapt to changes in your supply chains. When your workflow is disrupted, it just takes a few weeks for it to stop functioning normally. As a result, business executives must have a […]
Every single year, small businesses to large corporations attempt to optimize their supply chain before the tidal wave of the holiday season. During the holiday season of 2022-2023, however, things were different, as strong demand forces have faced new supply chain challenges head-on. A Record-Setting Holiday Season of 2022-2023: How It Was for Supply Chains? […]
While 2022 was a year of big disruption and mass confusion, 2023 was a year of transformation, when many companies evolved digitally and strategy-wise. Last year, a key focus of supply chain executives was resilience: every industry media was pushing the topic. As the supply chain industry heads into 2023, there remains a question: what’s […]
Most business’ sectors are undergoing significant transformations as their operation models attempt to adapt to an increasingly digital environment. Companies and entire industry sectors are reviewing their global supply chain approaches to identifythe business changes needed to accommodate new global business needs. The supply chain industry is among the front runners for digital transformation. Traditional […]
Supply chain visibility is a vital global supply chain aspect, even though it has become a largely misunderstood and overused term. Not only are there different definitions of global supply chain visibility, but there is no cross-border consensus on how to describe the components of supply chain visibility. There are several definitions of visibility in […]
In today’s business climate, visibility is critical to maintaining control over global supply networks. Since global supply chains have become increasingly fragmented, control and visibility are becoming even more critical to the success of a global supply chain. For example, transparency into operations, allows businesses to detect emerging risks, cut expenses, and improve efficiency in […]
Over recent years, sustainability in supply chains has evolved from an industry buzzword to a strategic requirement for global companies. Even without large consulting reports, it is now evident that the traditional supply chain model has serious flaws and is harmful to the environment. As environmental issues become more apparent, both businesses and government officials […]
Supply chain sourcing has traditionally been an integral part of the procurement process. While these terms can seem to have the same meaning, sourcing, unlike the complex procurement cycle, is referred to as the strategic search for product or service providers. What Is Strategic Sourcing and How Is It Different from Procurement? Procurement encompasses a […]
