This is the first in a series of two brief articles looking at what Supply Chain Financing is, what are it’s benefits and what future trends we can expect.
Global businesses invest billions in projects every year, but many programs still fail to successfully deliver change. If you are a project manager, it is your responsibility to make sure that you deliver business value. If you are failing to meet your aims, it’s time to act quickly and take the right action. Consider these common reasons for failure, and address the cause before you throw away any more money.
I think it’s important, whatever stage you are at in your career, that you maintain the skills to undertake the analysis, interpretation and presentation of data.
Most small and medium-sized enterprises (SME) forego running a postponement supply chain strategy because they believe the success and failure of the strategy is entirely dependent upon them having strong purchasing power and economies of scale. While a postponement supply chain strategy does mitigate risk for large build-to-order companies operating in demand-driven industries, it simply doesn’t mean that a company has to be a dominant market player in order to benefit from its push-pull doctrine. A small company can run a postponement strategy provided it sets it up properly.
The demands of operating in a dynamic 24×7 business environment, the challenges of trying to survive and flourish amidst competition, and the urgency to sustain operations in a volatile economy have compelled businesses to examine their supply chain (SC) management processes more closely. The efforts to impart efficiency to these processes have led to the development of certain trends and businesses have been forced to rethink their corporate strategies to accommodate these developments.
Inventory Management Software (IMS) is software that helps you to manage stock that you are intending to sell. It is mostly used in online and ‘bricks and mortar’ retail stores to allow businesses to maintain healthy stock levels and sell products to customers at the right price. In this article we’ll explore the main functions of IMS. Read more