Supply Chain Management to Help Understand Liability Events

Source: Canadian Writer

Released on Monday, the report examines liability exposure management and looks at the theory behind quantifying possible risk accumulation, Lloyd’s explained in a press release. Developed in partnership with Arium (Architects for Risk Identification, Understanding, and Management), an independent company specializing in risk modelling and decision support, the report sets out a conceptual framework to assess...

The Latest Rage in Supply Chain Management

Source: CFO

Why? A company’s supply chain is rich with data, and it’s also a large cost component. Combined, those facts mean that advanced analytics can become a strategic weapon for optimizing the supply chain. However, many companies can’t see the forest for the trees. They are optimizing, but not strategically. When applying data to supply chain, it’s critical to step back and look at what truly drives business value...

Nestlé Moves to Tackle Supply Chain Slavery

Source: Supply Management

A report undertaken by NGO Verité found evidence of forced and child labour and trafficking among sea-based and land-based workers employed at six production sites in Thailand. Workers had been subject to deceptive recruitment practices in which they were not provided with adequate information about the terms of their work. They were also transported from their home countries to Thailand in humaneness conditions...

Retailers Should Optimize Supply Chains to Ensure Customer Satisfaction this Holiday

Source: SDC Exec

The e-commerce shopping experience is increasingly becoming a popular option for consumers during the festive season. Retailers, therefore, need to pay careful attention to their supply chains during this period, as operations and delivery are key to client satisfaction, maximizing brand exposure and increasing revenue. Oliver Facey, vice president of operations for DHL Express Sub Saharan Africa, points to the 2015...

Planning for Black Friday

Source: Supply Chain Digital

With Christmas lights beginning to adorn the high streets, there is no more ignoring it, the festive season is well and truly upon us and, with it, so is Black Friday. Arriving in the UK from the USA, bargain shoppers spent an estimated £810 million last year; there is clearly huge potential for retailers to boost their sales, not to mention the potential for mayhem to ensue as shoppers dash for last-minute bargains...

Four Supply Chain Trends to Watch in 2016

Source: Supply Chain Digital

According to Grant Marshbank, COO of VSc Solutions, supply chains will face a number of challenges, he said: “Supply chain managers are already under huge pressure to adapt to turbulent economies, labour issues, and expansion into global markets. “The bad news is that the rate of change isn’t going to slow down. The good news is that emerging trends hold opportunities to reduce both costs and carbon footprints...

Supply Chain Risk Disconnect

Source: SCMR

Zurich Insurance has just released the findings of two major studies that reveal compelling insights into the supply chain risks facing U.S. businesses today. According to Zurich’s Third Annual Global SME Survey, which surveyed C-suite executives and managers at small and medium-sized enterprises (SME) around the world, half of all U.S. SMEs do not believe that a the loss of a main supplier would have any impact to business...

How To Use Barcodes to Simplify Supply Chain Management

Source: Business 2 Community

Managing your small business’ supply chain, the network of companies, individuals and processes needed to turn raw materials from a supplier into a finished product, is becoming more complex than ever. Some supply chains span the globe, meaning there are now more chances for issues to halt the production of inventory, and thus the creation of income. That’s why more businesses are turning to barcode tracking technology...

Nestle reveals forced labour within its seafood supply chain

Source: Supply Chain Digital

The food giant launched an investigation in December 2014 to look at its supply chain after news outlets reported that brutal and unregulated working conditions were tied to their shrimp, prawn, and dog food products. This act of self-policing found that workers in Thailand are sold or lured by false prospects and forced to catch and process fish that ends up in Nestlé’s supply chain. The study also...

Supply Chains Under Pressure as Black Friday Looms

Source: Supply Chain Digital

Black Friday and Cyber Monday signal the start of the shopping period in the run up to Christmas and while these two shopping days are most popular in the US, other countries have been jumping on board in recent years too. The annual shopping event kicks off on 27 November following Thanksgiving and although it’s been around for a long time in the US, it’s gaining popularity in the UK too with sales set to exceed £1 billion this year...

Develop Content to Increase Mobile Purchasing on Black Friday

Source: Supply Chain Digital

With mobile sales now taking over 44% of all ecommerce sales globally, it's essential that brands of all sizes are prepared for what's predicted to be the biggest online shopping day of the year; Black Friday. It’s predicted by Visa Europe, that Friday 28th November will see £360,000 spent every minute, or £6,000 every second, on Visa cards alone – with online shopping purchases peaking between 7-8pm...

Oracle Continues To Expand Supply Chain

Source: Forbes

Long the bane of retailers, manufacturers, and distributors, end-to-end supply chain management took a giant step forward October 26, when Oracle announced major extensions and enhancements to Oracle Supply Chain Management Cloud during Oracle OpenWorld 2015. “What we’re announcing today is the complete supply chain cloud,” said Richard Jewell, Oracle senior vice president of application development...

Supply Chain Study Reveals Inadequate Processes

Source: Supply Chain Digital

This insight was generated by analysing data from scprime, an improvement approach designed to generate step-change improvement of the supply chain in line with a business’s strategy. Since 2010, over 1,000 scprime assessments have been completed in 20 countries across a range of sectors, making this one of the largest and most comprehensive independent studies in supply chains...

Talent Shortage Is a Weak Link in the Supply Chain

Source: Industry Week

With the supply chain industry suffering from a lack of available talent for management positions, U.S. companies are stepping up efforts to recruit qualified and skilled professionals for those roles. The supply chain industry will need to fill about 1.4 million new jobs between 2014 and 2018, according to a study by the logistics trade group MHI. That's roughly 270,000 jobs per year. But the talent shortage is one of the...

Mayo Clinic tops Healthcare Supply Chain Ranking

Source: Supply Chain Digital

"Alignment to patient outcomes, company strategy and future revenue models in healthcare are the key themes for 2015," said Eric O'Daffer, research vice president at Gartner. "We see innovation coming from mature supply chains that have stable organisations and strong talent. These organisations are most ready to successfully lead in consolidation and collaboration initiatives that will advance the healthcare value chain...

Governments Take Aim At Human Trafficking

Source: Forbes

Supply chain management (SCM) continues to evolve. Yes, there’s yet another new dimension to the space that is grabbing everyone’s attention. Corporate responsibility is being redefined. Governments are no longer asking global companies to avoid irresponsible sources of supply, they’re insisting on it. In fact, many are in the process of instituting formal oversight with clear intent to fully regulate. And in an era where eyeballs in the form of...

Six Key Supply Chain Links

Source: Supply Chain Digital

Outstanding customer service sets the standard for companies to differentiate their value proposition around the world. As oil prices remain low, a chain reaction has opened up opportunities to improve margins and strengthen market position. Managing the unknown more effectively and being more flexible across an organisation will reap greater rewards. With increasing pressure...

Four Steps for an Ethical Supply Chain

Source: Supply Chain Digital

You need to find out how your product actually made and where the raw materials actually come from. You can’t understand your supply chain unless you physically see it with your own eyes. Ask the workers questions: How much do you work? Are you happy here? Can you provide for your family? What’s the turnover rate? If you see or sense something dirty, trust your gut. Hire feet on the ground...

Apple, Adidas Boast China's Greenest Supply Chains

Source: Green Biz

Jointly developed by Chinese nonprofit Institute of Public & Environmental Affairs (IPE) and the Natural Resources Defense Council (NRDC), CITI analyzes companies’ supply chain environmental management in China based on government-issued and public data on suppliers contracted by evaluated brands over the past year. Communication records from 1,607 suppliers that expressed relationships to 86 brands also were evaluated...

Competitive Supply Chains: Optimized Demand Management

Source: SCMR

This is the third in a series of columns on competitive supply chains. The first, “Supply Chains: Excellence,” appeared in the July/August 2015 issue. It defined an excellent supply chain as one that plays a major role in competing and identified the four salient requisite characteristics of excellent supply chains. The second, “Competitive Supply Chains: Strategic Alignment,” appeared in the September/October 2015 issue. It offered a planning process for aligning a supply chain to enable competitiveness...

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