Traditional retail businesses were required to have a storage space or warehouse to keep their stocks. Before selling and replenishing the items, retail stores must wait for orders to arrive and, later, perform time-consuming inventory to know how much they need to buy and sell. These days, however, e-commerce stores can start offering products even without physically acquiring the items they’re selling. Find out how you can create an successful store without the need to keep inventory on site.
For all the work that companies apply to developing the performance of their supply chains, comparatively, some have opened the full potential of digital technologies. A recent study stated that the average supply chain has a digitisation level of 43 %, the lowest of other business areas that were tested.
Did your businesses procurement get caught in the COVID-19 crossfire?. Maverick spend, extended procurement cycles and data inaccuracies are just three of the issues your procurement team have been working tirelessly to overcome since the onset of COVID-19 across the world. Now, over a year later, we look at modern procurement and how to overcome challenges and seek new opportunities.
After months — for many, more than a year — of finding alternative work solutions in response to the COVID-19 pandemic, many businesses are opening their doors, manufacturers are recovering, and employees are beginning to come back to work. For those crucial to the supply chain, on-site work is more important than ever. With the global rollout of the COVID-19 vaccine, many are able to resume their previous routines and make up for losses over the last year. In preparation, operations managers and job site leads are now focusing on making their facilities safe for those who return.
Container capacity constraints and congestion at shipping ports have created the perfect storm leading to supply chain disruptions. Here are three actions that a CEO can take to steer the ship around!
While all businesses should observe workplace safety, it becomes even more vital if you’re involved in the mining industry. This is because mining is a lot more dangerous than many other jobs because of the risks involved. The history of mining catastrophes that have occurred regularly since mining activities began are proof of that.
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