Global supply chains are facing difficult times as the marketplace shifts to a more global environment. Companies want to enter new markets with lower costs and better speed. However, many executives are struggling to meet goals in the face of new challenges. Factors such as higher transportation and energy costs are enough to throw…
Category: Supply Chain Management
Why Supply Chain Management System?
Improvised supply chain gives a business competitive advantage in the market and it helps the business to mitigate risks related with acquiring raw materials and offering pinpointed products and/or services. By properly implementing supply chain management systems, a business can effectively streamline its operational objectives, reduce waste, overhead costs and tackle the challenging issue of…
Supply Chain Management: Focal Factors To Consider and Integrate
In the backdrop of global economic sluggishness, fluctuating fuel prices, increasing concerns over safety and subsequent social regulations, escalating expectations of clients, effects of globalization, streamlined technology, ever-changing transportation scenario, rising transportation costs, and declining capacity, shipping industry is exasperated managing their impacts. Managers handling freight shipping services nationally and internationally are faced with an…
Optimizing Supply Chain Management in Small and Medium Scale Enterprises
We have vast numbers of Small and Medium Enterprises (SME) in any given economy but their impact in national economic development is relatively low due to low operational efficiency. Implementation of Supply Chain Management system in SME will reduce operational cost and increase efficiency. Implementing an effective Supply Chain Management system in SME has…