Supply Chains are a complex and fluid network of companies, relationships and transactions. Even minor disruptions upstream in a supply chain can have a bullwhip effect and become major issues. Take cars for example; they’re typically comprised of 30,000 parts and it only takes one of those parts to fail to cause a recall, creating additional costs and the risk of reputational damage to the car brand. Supply chain professionals are only too aware of these risks, but now finance professionals are also taking note.
As an example of how to operate a globalised supply chain, Apple is frequently hailed as the benchmark. However, according to an article dated 23rd October by Tim Culpan for Bloomberg “Apple Inc. has lost its supply chain mojo.” We tend to think of such giants as having bulletproof supply chains, able to withstand those same snags smaller companies struggle with: yet that’s not always the case. Read more
In supply chain management and logistics you can always learn from mistakes that others have made! Whether it is deliveries that cannot be made on time or manufacturing processes that cannot keep up with the pace of demand, there is always something that can be learnt from the issues experienced by other companies. Here we consider 5 supply chain lessons that all supply chain managers should pay attention to. Read more
We all know that supply chains are in a constant state of flux. They have undergone, and continue to undergo, massive change. For example, not that long ago relationship management and financial management weren’t paramount tasks of supply chain managers. Now, if a supply chain manager doesn’t focus on every relationship in the chain, as well as take responsibility for financial management, they simply aren’t doing their job. Read more
Those responsible for supply chain management are well-versed in preparing for disruption if they want to maintain efficiency and weather the storms that affect a global industry. Typically attention has focused on Asia as being the hotbed for disruption, but a recently published report by Resilinc reveals that North America has overtaken Asia for disruption events in supply chains. Read more
You’re only as strong as your weakest link, and modern day supply chains have a myriad of hidden entrances throughout the chain where hackers can gain access and cause havoc. Ensuring that your supply chain doesn’t get hacked needs to be a strategic priority for all supply chain managers. Read more