In today’s business world, it is vital to ensure a customers products, or services, are delivered on time, to the correct place, and with maximum efficiency. Achieving this level of service requires the integration of systems throughout your supply chain. Usually, this includes; suppliers, manufacturers, retailers, logistics providers, and end-users so that real-time visibility can be achieved. Fortunately, there are Supply Chain Management Software programmes that can be utilised and implemented to support your requirements.
Detention and demurrage charges are an unavoidable cost incurred by any shipper. A myriad of factors lead to delayed shipments, such as port congestion, weather events, slow vessel speed and many more factors. This in turn has led to massive costs incurred by shippers, most notably detention and demurrage charges.
Yesterday, history was made as the Armed Forces Covenant was signed online for the first time. Jointly hosted by the Yorkshire & Humber and North of England Reserve Forces & Cadets Association (RFCA), and organised with the usual military precision. IoSCM was honoured to be invited as an Armed Forces Covenant advocate to support the hosting of a new concept in pledging commitment to the Armed Forces Community.
The COVID-19 pandemic has severely impacted the global economy. With falling consumer demand and most governments enforcing lock-down's, the shipping industry has been badly affected as in the worst-case scenario, global trade volume is expected to fall by 32% compared to 2019. Here’s an analysis of the quantitative and qualitative impact of COVID-19 on the shipping industry and what your company can do to navigate these tumultuous times.
Supply chain management has undergone a great transformation in the past few years due to the advancement in technology and improved transport infrastructure. Taking into account the rate of innovation and consumer culture that is prevalent today, here is a useful guide to writing a proper supply chain management plan for your business.
Two of the most significant challenges to achieving the dual goals of adding value for the consumer and making production more efficient and cost-effective are optimising inventory and reducing downtime – ergo, efficient asset management and timely delivery. In today's article we present you with some emerging technologies that can help meet these challenges. Before diving in, we should first consider the specific challenges that Supply Chain Management (SCM) and logistics professionals face.
Do you want more information? Download Our Course Brochure
Would you like more information about our courses?
Would you like more information about our courses? Download our free brochure
Sign up for our career advice, news and tips
