Evaluating supplier performance is critical to Supplier Management and overall business operations. Regularly assessing your suppliers ensures your organization’s standards and expectations are met, facilitating the smooth flow of goods and services. Numerous benefits come with evaluating supplier performance How can we more effectively evaluate supplier performance? While these methods provide a comprehensive approach to …
Communication between buyers and suppliers is critical to ensuring high-functioning and transparent relationships. Effective communication facilitates any sort of partnering or business relationship, as it can: Focus on clarity Everything starts with setting clear communication expectations. This includes mutual agreement on communication frequency, preferred channels, and reasonable response times. Documentation ensures everyone is on the …
Tips for Establishing Strong Communication Channels with Suppliers Read More »
Green supply chain management – GSCM – integrates environmentally sustainable practices throughout the supply chain. It includes the design, production, delivery, and disposal of goods. “Green” is a common term for eco-friendly strategies and initiatives to minimize adverse environmental impacts. Both production and distribution of goods cover many activities leading to these potential negative impacts, …
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 …
What is a supply chain? Most simply, it’s a sequence of events that helps a commodity move from manufacturing to market. Elements contained in a supply chain include people, equipment, transportation modes, and technology. Every industry that manufactures something has a supply chain. There was a time when supply chain execution always proceeded in a …
Overview of different supply chain management models Read More »
