The supply chain industry is vast and includes a lot of moving parts. As you probably know, a supply chain consists of everything from getting raw materials and manufacturing products to delivering them to the customer. But how do companies that offer services and not manufactured goods fit in...
Over the years, the supply chain world has constantly been evolving thanks to an influx of innovative emerging technologies. Some factors that have driven these improvements are high customer demand, globalization, and product complexity. As a result, companies have to stay ahead of the curve ...
MIT Professor Jonathan Byrnes once said: "Many supply chains are perfectly suited to the needs that the business had 20 years ago." And this quote speaks volumes about how vital agility and innovation are in supply chain management. For all that, a company can innovate and a...
How can each partner in a supply chain increase its profits? By improving the process that keeps it all together – supply chain management. This article will discuss the key benefits of effective supply chain management and the foundational steps that are needed for a truly functional supp...
You may have noticed that logistics and supply chain management are often used interchangeably. Does that mean that these two concepts are the same? Well, it might depend on whom you ask. Many professionals will tell you that they are, while others will vow the opposite. So what is a ...
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