Supply chain strategies are the main focus of well-performing companies as they identify the importance of these strategies as a competitive advantage. Even though nonprofit companies are not the first example coming to mind here, they need to ensure their supply chain efficiency as well. Additionally, they deal with a number of problems that a…
Category: supply chain
5 Ways to Improve Your Supply Chain Strategy
A supply chain is a system handling the production and distribution of goods. This system is used to manufacture products and services from raw materials and sell them to end customers. A well-functioning supply chain strategy is the pillar of a profitable enterprise. However, this process can be extremely hectic and disorientating as it includes…
This Is Why This Year’s World Maritime Day Is Special
World Maritime Day is celebrated every year, on the last Thursday of September. It is founded by the United Nations (UN) in collaboration with the International Maritime Organisation (IMO). The purpose of it is to bring awareness to the importance of the maritime industry, as it strongly supports the global economy. It also emphasizes the…
Digital Inventory Management: How to Improve Your Business With Smarter Tools
Editor’s Note: This blog post was originally published in July 2021 and has been completely revamped and updated in May 2025 for better understanding and comprehensiveness. In today’s tech-forward world, many businesses still rely on paper for managing inventory, leading to mistakes, delays, and increased costs. Digital inventory management offers a smarter, faster, and more…
How To Protect Inventory From The Suez Ship Stuck Crisis
Undoubtedly, the world’s supply chain is currently being dramatically disrupted. First, it has faced unprecedented stress due to the COVID-19 outbreak, and now – a historical crisis in the Suez Canal. In fact, one of the busiest shipping routes in the globe is blocked. Unfortunately, no one can predict how much time it will take…
Top 5 Cyber Security Threats for Businesses You Might Not Be Aware Of
Editor’s note: This post was originally published in February 2020 and has been updated in October 2022 for accuracy and comprehensiveness. Cyber security continues to be a threat to businesses in 2021. Despite advancements in Cyber Security solutions, 2019 has already seen 4 billion records breached, according to Norton. These vary from mega-breaches that grab…
Expert Insights from Five Industry Leaders on 2017 Supply Chain Management Trends and Their Lasting Relevance
Editor’s Note: This blog post was originally published in January 2017 and has been fully updated and improved in September 2024 to be comprehensive and easily understood. Reflecting on trends from 2017 can provide valuable insights into today’s evolving landscape of supply chain management (SCM). SCM refers to overseeing and coordinating all activities involved in…
Why Is Business Software Becoming So Popular In The Supply Chain World?
Editor’s Note: This blog post was originally published in June 2015 and has been completely revamped and updated in January 2023 in order to be comprehensive and fully understandable. Software Advice is a firm that helps buyers find the right order management system for them. Recently released a large study about the latest trends in…