Supply Chain Brain - Supply Chain News, Analysis, Videos, …
WEB4 days ago · The 2024 Supply Chain Innovation Awards! Be recognized for your outstanding supply chain innovations! Click here for the 2024 Guidelines! The latest supply chain and logistics news, analysis, videos, podcasts, case studies and webinars for industries across the U.S. and world.
Five Key Provisions You Should Have in Your Supply-Chain Contracts
WEBJan 10, 2021 · Smart partnerships and relationship management are critical to every supply strategy, but the supply-chain contract is what counts when questions arise or things go wrong. Contracts set expectations, guide the resolution of disputes, and outline how and when the parties’ obligations end. Getting it right is crucial. The exact provisions of supply-chain contracts will vary depending on the ...
Strategic Sourcing: Five Steps to Secure the Best Suppliers
WEBOct 8, 2020 · As organizations retool their supply chains for 2021, they have an opportunity to revisit their sourcing to put in place the structure and organization to drive the best outcomes, by following these five key steps for strategic sourcing success. Evaluate, collect data and build a strategy.
Four Steps to Managing Supply Chain Bottlenecks and Constraints
WEBJan 29, 2024 · The theory of constraints is a methodology for identifying key obstacles to achieving a designated goal. It involves systematically enhancing and resolving a constraint until it no longer hinders progress. By removing bottlenecks in the supply chain, companies can reduce inventory and operating expense, while enhancing throughput and …
A Global Logistics Outlook for 2024 | SupplyChainBrain
WEBFeb 5, 2024 · A Global Logistics Outlook for 2024. February 5, 2024. Mike Short, President, Global Forwarding at C.H. Robinson. Analyst Insight: Resilience has been a main theme since the pandemic revealed risk in supply chains that weren’t properly diversified, leaving them vulnerable to disruption and delays. While many shippers have made great strides ...
Here's How Diverse Supply Chains Deliver Competitive Advantage
WEBFeb 16, 2021 · Companies that serve diverse markets globally know that supplier diversity initiatives are a critical competitive advantage, helping to mitigate risk across supply chains, win new business, retain customers, and reinforce brand reputation. As more companies embrace these types of diversity initiatives in their contractual relationships ...
How to Streamline the Entire Procurement Process
WEBDec 3, 2021 · The procurement process is composed of symbiotic moving parts. When components don’t communicate efficiently, breaks in the supply chain occur, causing costly errors, lost time, and missed opportunities. Upper-level management faces the often-daunting task of streamlining this process from the top down, and must implement policies and processes that are mutually beneficial for procurers and ...
Ensuring Responsible Supply Chains: Going Beyond Tier One ...
WEBSep 16, 2021 · What’s more, EY research shows that sustainable supply chains’ investments can add 12% to 23% to supply chain revenue. But to achieve monetary, reputational and competitive advantages, supply chain and procurement practitioners must go beyond touting organic cotton and shoes made from recycled plastic.
How to Optimize a Direct-to-Consumer Supply Chain
WEBAug 19, 2020 · A real-time demand and supply network that includes everyone from carriers to retailers to 3PL’s to manufacturers to suppliers has the ability to flex capacity to execute on the surge in delivery demand. Fleet capacity increases of 20% to 30% can easily be achieved through this type of multi-party planning and transactional network.
Six Logistics Trends to Watch for in 2023 | SupplyChainBrain
WEBDec 6, 2022 · The logistics and transportation industries have always evolved, and 2023 will be no different as we move into an uncertain economy and the threat of recession. The goals remain the same: resilience, efficiency, reliability, speed and quality. COVID-19 tested our industry, forcing the adoption of new technologies and business models.