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Showing posts from May, 2019

What are the best practices to increase my supply chain knowledge ?

I always like to bring clarity when it comes to such a clear question. First of all one must be in a position to know and understand  what is supply chain management? Supply chain management  is a discipline which has not yet been embraced especially in developing countries but the demand for it is more than in developed countries. This is because of the need for  Outsourcing  which has given rise to new developments as far as the Supply chain management is concerned. This tell us that there is a lot of research to be done for full understanding and application of this niche. Therefore, for one to become a Supply chain expert  doesn't not only  need to pursue  a Degree  and  Masters of supply chain  alone but also to dig deeper into research in order to be able to fully understand the entire chain processes. That means one must do  thorough research  and also gain intense experience through spending a lot of time in full...

Is a degree in supply chain management worth it ?

Definitely, a degree in Supply chain management very demand-able. Fortunately there are some outlier industries that are still growing and hunting for fresh, new talent to develop. As far as degrees go, engineering, accounting, and nursing remain old standbys, but colleges are also rising to meet the needs of an expanding market for graduates in supply chain management (SCM). if you’re interested in business, thinking creatively and strategically, and looking for degree with great career potential, check out these reasons to put SCM on your list: Less competition Supply chain management is an industry on the rise with positions all over the world that need to be filled. According to the Georgia Center of Innovation for Logistics, the logistics industry is projected to create more than 1 million jobs over the next four years and only 75,000 students will be graduating with related degrees to fill those positions. In fact, every year hundreds of thousands of supply chain jobs go...

What are the types of supply chain risk

Types of supply chain risks Though the scale of risks is variable — some are common to global trade, competitive, compliance and associated with emerging sanctions and tariffs risks, for instance: others are unique and specific to the industry, location of operation, or partnerships. Risks may include growing labor costs or shortages, lack of carriers’ capacity, loss of competitive edge, higher product prices resulting in reduced margins, etc. Actually, the top 3 global risks recognized by the experts are: uncertainties in the trade flow; climate change combined with dangerous weather conditions; cybersecurity failures. These are the three main aspects which are going to shape the 2019 risk landscape. Then follow the civil unrest, which may lead to disrupted highways, and access roads to industrialized areas as well as seaports and border crossings. Other threats include raw material deficiencies, extra costs, safety scares, anti-pollution measures, and severer environmen...

Logistics Software — The Major Key to Solve Your Supply Chain Issues

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Logistics Software — The Major Key to Solve Your Supply Chain Issues Modern logistics and supply chain processes are being continuously reshaped nowadays. Transformations taking place start from the very core and result in more refined and fast logistics procedures and the way they are managed. The complexity of processes and constantly growing demand for logistics services determine the major factors influencing the approach to the supply chain issues. They are efficiency and speed, which are able to provide tremendous competitive and business advantages to the enterprises if properly organized. And it actually does not matter if it’s a manufacturing corporation, a logistics company or some kind of a startup related the supply chain issues. The freight management market growth is predicted from 10.76 billion USD in 2018 to 17.45 billion USD by 2023 . It will be driven by the ...