risk assessment

Supply chain risk management and risk awareness

Thurman Co /

Supply Chain Risk Management (SCRM) is the process of identifying risks, assessing them, and mitigating their effects on an organization’s supply chain. Companies implementing a comprehensive SCRM strategy can operate more efficiently, better control costs, and enhance customer service. A complete SCRM plan covers every aspect of the process, including production, packaging, handling, storage, and […]

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Critical Strategies to Make Procurement a Competitive Advantage.

Thurman Co /

Managing procurement is one of the best ways to strengthen the profit margins of any business. Procurement for any organization starts the process of efficient, profitable and efficient supply. The processes of procurement can be complex and involve several responsibilities that range from sourcing raw materials, managing contracts, building and maintaining relationships with trusted suppliers.

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