Supply Chain & Logistics
5 Supply Chain KPIs To Measure Performance in 2024
The importance of supply chain operations became clear long before the global pandemic and Russo-Ukrainian War. Organizations are now stepping up efforts to optimize their supply chain operations to meet the new challenges posed by the worsening global economy and the geopolitical situation.
Top 4 Ways to Optimize Logistics Operations in 2024
In the past few years, almost every supply chain has transformed into global networks with offshore suppliers and logistics service providers. Usually, the products that are purchased on Amazon need to cross a few oceans and a few hundred road miles to get to the doorstep of the consumer.
Top 3 Ways for Supply Chain Optimization in 2024
Supply chain optimization was important even before the Covid-19 pandemic created congested ports and labor shortages in global supply chains. As the global geopolitical situation creates new supply chain challenges (see Figure 1) for organizations around the world, business leaders and governments are putting more effort into strengthening supply chain operations. Figure 1.
5 Ways to Improve Supplier Relationship Management in 2024
In the post-pandemic world, the importance of supply chain resilience has become paramount. Supply chain leaders and governments are trying to sail through this storm by joining hands and collaborating.
Top 4 Ways To Optimize Procurement in 2024
Global disruptions still continue as industries walk out of the pandemic and face new challenges related to geopolitics. While organizations try to overcome these challenges by managing costs and cash flows, optimizing procurement can also prove to be an effective way to improve supply chain performance.
Top 5 Supply Chain Current and Future Trends in 2024
Disruptions to global supply chains have been a concern for leaders and business professionals for the past two years. Supply chains are now being considered critical to the survival of any business. As different variants of Covid-19 emerge global supply chains continue to face turmoil.
Top 5 Steps To Improve Supply Chain Visibility in 2024
Supply chain visibility means having an internal view of all the activities and operations happening from the point of raw material extraction to the point of consumption. Enhanced visibility reduces uncertainty and fluctuation in the flow of goods and information across the supply chain.
Top 6 Supply Chain Sustainability Technologies in 2024
Companies that foster corporate sustainability through digital transformation are likely to be tomorrow’s leaders. For example a range of technologies including cloud computing, smart devices, and 3D printers can be implemented to optimize supply chain operations and achieve dual transformation.
7 Ways to Improve Your Supply Chain Sustainability in 2024
A sustainable supply chain is an important part of improving a company’s environmental, social, and governance (ESG) score which have an impact on attracting more customers and investors (see Figure 2). Supply chain activities are responsible for the bulk of scope 3 GHG emissions of a company.
Top 3 Digital Transformation Supply Chain Best Practices in 2024
A study commissioned by GEP reports that even though 90% of executives acknowledge the importance of supply chain optimization through digital means, only 8% have truly achieved digital maturity in their supply chains.