How to choose a planning tool? Planning is where what your customers ask meets what you can actually deliver. When you’re just starting out a business, you’ll probably have a pretty good feeling how much you can do and how much work you have in front of you. E.g. a baker can more or less […]
Growing business organizations are constantly looking for ways to improve their performance by decreasing operational costs and increasing revenue. Business Process Outsourcing (BPO) is one of the strategies that can facilitate these goals. BPO refers to the outsourcing of business processes to external agencies, with the goal of relieving the company of non-business-critical tasks, while […]
In recent years, we’ve seen plenty of examples of extreme weather disruptions and this, unfortunately, impacts on the supply chain management with production delays, shipping disruptions, and more. While we attempt to plan ahead, it’s almost impossible to eradicate this issue completely and extreme weather on the other side of the world can still impact […]
Can you reduce your inventory by 20% by next quarter? Supply chain managers often get some goal or target to reduce their inventory by x amount of dollars or a certain percentage. Sometimes this is because the industry benchmark is lower than your own, or because your manager will get a nice bonus out of […]
With global warming in our backyard, sustainability is trending now and everywhere, a business sector not being an exception. Recent studies show that consumers command accountability and prefer eco-friendly and socially responsible products over less sustainable goods and services. Sustainability, being one of the more recent trends, its definition is not always clear and the standard […]
Just reorder when you hit the safety stock Both working as a supply chain consultant and as an employee in a supply chain department, I was tasked to lower the safety stock as a cost reduction project, of course without impacting our service levels towards our customers. When discussing strategies with the supply chain managers […]
What do you think the automated world is going to look like if robot ship plans have been pushed through? Well, there’s a good chance you’ll get to see for yourself in just a few short years. The largest container line in Japan intends to launch a robot ship in 2019 that will disrupt the […]
Learn more about the different types and sizes of dry cargo and tanker ships in this informative infographic: An Overview of the Types and Sizes of Dry Cargo and Tanker Ships
If you’re looking to expand your business this year and really gain a name for yourself, there’s one process you should be looking towards above all others; quality control. Have you ever received a faulty or poorly-designed product from a company and instantly decided not to purchase from the brand again? If so, this is […]
Within the shipping world, ‘Incoterms’ are a set of standards used within a trade regardless of whether the trade is domestic or international. Published by the International Chamber of Commerce, International Commercial Terms (Incoterms) essentially outline all the important details within the trade including time of delivery, location of delivery, payment, and which party pays […]