The bullwhip effect is a concept that explains inefficiency in the Supply Chain. This inefficiency results from demand forecast variation, which ripples from retailers to manufacturers. The primary effect of the bullwhip effect is excess inventory and cost. In today’s article, I’ll look at the bullwhip effect in Supply Chain in detail, explaining what it […]
Supply Chain Management
Green Supply Chain
A ‘Green supply chain’ refers to a series of interconnected stakeholders (customer, primary supplier, and lower-tier suppliers) that apply processes and policies that deliver environmental and social benefits while complying with appropriate legislation. While aspirational, a green supply chain can be challenging to establish; many organizations have a supply chain that may include large quantities of […]
Ethical Supply Chain
An ethical supply chain is configured to balance the need for economic returns against social and environmental responsibilities. An ethically focused organization directs its efforts towards processes that create products and/or services in a way that is built from the ethical treatment of its workforce and stakeholders while ensuring its production methods utilize environmentally sustainable […]
Supply Chain Visibility
Supply chain visibility describes the process of identifying & understanding what’s going on across your supply chain (up and downstream), in real-time, across interconnected processes and stakeholders. It can be a complex and challenging process to succeed in but can offer numerous benefits when configured appropriately. In this article, we’ll be looking at Supply Chain […]
Warehouse Shipping Mistakes
In our recent post on warehouse mistakes, we covered some of the common challenges found inside warehouses and some of the issues & challenges that many companies encounter. This article will review a companion process by analyzing some of the common warehouse shipping mistakes evident in many organizations. The shipping process impacts almost all organizations, […]
Warehouse mistakes
With warehouse and logistics functions being critical to the success of most businesses, it’s perhaps not a surprise that organizations look to avoid needless warehouse mistakes that can impact the customer, drive cost or reduce efficiency. So, what are these mistakes, why are they so common? How can effective warehouse functions avoid them? In today’s […]
Procurement Management Plan
The procurement management plan provides a method of describing the activities and processes required to deliver a project’s materials and services needs. The procurement management plan is usually used in a project environment. It is used to manage the key components of procurement during the life cycle of a project. In this article, we’ll be […]
Supplier Development
Supplier development is the act of the buying organization working closely with a supplier, or group of suppliers, to drive improvement. Supplier development targets goals initially laid out by the buyer and delivering advantages for the buying organization. In most cases, however, both parties receive a level of benefit from the collaboration. Despite this simple […]
Reverse Logistics
We have probably all experienced the situation where we have bought something online, and when it arrives, things are not quite right. It might be the wrong size, or maybe functionality is not what we thought it was. Whatever the problem, we then find ourselves going through the process of returning the item to the […]
Procurement Cycle
All businesses rely heavily on their supply chain function to meet their strategic objectives. One of those essential supply chain functions is procurement. Procurement is a decision-based set of processes that includes sourcing suppliers, negotiating, agreeing contracts, tendering, and placing purchase orders. The procurement cycle can help a business understand the steps in which products, […]