Supply chain management is often taken for granted in the business world. Regardless of industry, the supply chain is the backbone of any company. It begins with procuring the materials or services needed to create the end product and continues until the finished goods are in the customer’s hands. This process typically involves a range…
The primary focus of supply chain management has always been lowering costs and reducing risks. More recently however, a comprehensive strategy for social, economic, and environmental sustainability is the biggest concern for many businesses.
Increasingly today, the work of a CFO has become much broader in the corporate world. They are often looked to by CEOs and other members of higher-management as a resource for information and assistance with other company-wide issues. Finding opportunities and figuring out profitable ways to use corporate finances is an important and vital part…
The ability to outsource specific tasks is a big help in many industries, but when it comes to procurement and supply chain management, is outsourcing really a worthwhile solution? Procurement outsourcing is beneficial, but also has disadvantages. It’s important to know a bit more before you decide to outsource.
The procurement industry is full of its share of headaches. Individuals working in supply chain management are faced with challenges everyday. You’ll find the biggest obstacles discussed below, along with tips to overcome them.