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…
How to Improve Your Business With Digital Inventory Management
In today’s digital-driven world, there are still many businesses that are using paper in their inventory management. Since paper equals manual, mistakes, and unnecessary expenses as well as environmental damage, it makes sense to change the paper-based operations. In this article, we explain why digital tools are a huge help for business owners and why…
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…
Supply Chain Management Trends for 2017
Finally, 2017 is here and we can’t stress enough the importance of supply chain management. If there is a problem in your supply chain and your products cannot reach their destination on time or at all, you run the risk of losing those customers forever. If this has happened to you, don’t get discouraged. Even…
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…