What do supply chain management and golf have in common? They seem like they’re two different worlds; one, a stressful, corporate environment, and the other, a relaxed stroll through nature. But there are notable similarities, and if you do both, you could use your golf rounds to learn a thing or two about your field.
If you need to cost finished products in your supply chain and want a detailed account of all items issued for production, you’ll need a bill of materials. What is a bill of materials, and why is it important? Let's find out.
These days, consumers prioritise purchasing products and services from companies that value sustainable practices. Corporate social responsibility has pressured businesses to take a greener approach to their operations. Consumers want to purchase from businesses that do more for the planet than simply use sustainable packaging. They want to engage with businesses that do everything they reasonably can to be environmentally friendly.
Business continuity is about a company's propensity to maintain its functions during a crisis. A business continuity plan involves establishing essential risk management processes to prevent disruption of services and help the organisation resume full functions. The plan accounts for unpredictable risks, including pandemics, natural calamities, fires, and cyberattacks. And in an era where service downtimes are unacceptable, a business continuity plan is critical for any organisation. Here's more about business continuity planning and why it's important.
The importance of education in supply chain management cannot be underestimated as it represents a complex mixture of analytical and strategic skills that allow experts in the field to choose the most efficient solutions. The main purpose is to estimate the best practices in relevant industries starting from the market research through to the management of logistics during these turbulent times. It's safe to say that most businesses are not able to enter the market competitively without specialists in the field of supply chain management. It is their knowledge that matters as they make strategic decisions that affect the final outcome for the business.
Supply Chain Management is one of the most demanding industries in the world. With the many complexities of the industry, there has to be a way for people to understand it in layman’s terms, right? What if there was a podcast that talked about the supply chain industry? Good news! There are now podcasts that cover anything and everything, including supply chain management.
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