The profession of supply chain management has evolved to a critical skill needed by businesses of all sizes. Businesses that manage their supply chain are 73% more profitable and realize a 40% return on their investments in supply chain management. For professionals in this career field, they have t...
Category management is a retail and supply management concept aimed to manage different product groups. The product are categorized in groups of similar characteristics. These groups are called the product categories. Prerequisite of successful category management is the agreement and cooperation of...
The prospect of becoming a purchasing manager or learning more about the chain of supply that helps fuel a large company is something that may be interesting to a variety of different business professionals. If you have thought about going into this side of the business world, then you may be intere...
It has oft been asked by those ashore how a ship operates, who is in-charge and ignorance shines forth when an engineer is asked "and when will you become Captain"! It is therefore time to lay-to-rest some of these myths and to give explanation as to what foundation a ships management stru...
Reverse logistics is one area of supply chain management that has been ignored for long. But, not anymore! Manufacturers and retail supply chain management companies have realized its importance for better performance and efficiency. With online shopping become the latest trend among buyers these da...
Analysts say that an organization cannot survive for long if they keep making mistakes and this is very true. In today's global economics a company just cannot remain competitive if it keeps making bad decisions. However, these mistakes are not made on purpose, it is just that most management leader...
Spend management is the method in which companies may optimize and control their budgets by way of what fund are spent. It usually involves cost trimming of those expenses typically found in conducting business. The costs usually appear as operations expenses, or are categorized as "Selling, Ge...
DEFINITION:
Planning, implementing, and controlling efficient and effective flow and storage of goods and services from point of origin to point of consumption to conform to customer requirements.
LOGISTICS MANAGEMENT:
Managerial responsibility to design and administer a system to control the flow of m...
In 2008 and 2009, the United States suffered the largest economic downturn since the Great Depression of the 1930s. Unemployment soared and market demand plummeted leaving corporations and manufacturers scrambling to downsize, and many small retail businesses lacked the volume to generate enough sal...
Any business that ships or receives goods of any kind must ensure that their transportation management is accurate and precise. Keeping your supply chain reliable is crucial to keeping high demand goods available at all times. Transportation management software is a great way to aid the success of y...
Now more than ever, multi-national corporations dominate the global market. Now more than ever, it is important to create a supply chain within all major companies. In order to do this, one must obtain a Supply Chain Certification. This allows one to understand how to run logistics within the corpor...
Nearly every business will go through a supplier to purchase products. However, many people do not realize how serious this process is, and that there are actually full-time jobs in procurement and supply chain management. These jobs can be pretty exciting for people who enjoy working with others, a...
The current economic reality we are dealing with is forcing businesses to become more cost-effective. Looking at the cost of production for either a product or service is very important aside from governmental influences.
Reaching out for supply chain management consulting will be a very important st...
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