Supply Chain Trends
The Difference Between Procurement & Supply Chain Management
Procurement and supply chain management operations may sound similar, but most companies have kept these business functions separated from one another. Increasingly, companies are finding that it could be more efficient to merge these functions. What is Procurement? Procurement operations our focus on acquiring essential goods and services for an organization while optimizing spending. Procurement…
Read MoreHow to Answer Supply Chain Interview Questions Using SMART Goals
In a typical job interview, you will likely be asked about your goals, whether it’s your goals if hired for the position or goals for your career. A proven framework for creating goals is based on the acronym SMART — which stands for Specific, Measurable, Attainable, Relevant and Time-bound. Specific goals identify precise objectives, as…
Read MoreHow to Future Proof Your Supply Chain for Whatever Comes Your Way
Throughout COVID, many companies have struggled to handle disruptions and changes, particularly concerning the supply chain. Because the supply chain industry is vital to all product-driven businesses, neglecting to deal with supply disruptions may cause the company to experience long-term setbacks. Businesses must work to future-proof their supply chain, buffering it against unforeseen events large…
Read MoreThe Supply Chain Trends to Be Aware of in 2022
Suppose you’re a big reader of annual trend watch articles and posts for the latest supply chain trends. In that case, you are probably used to seeing buzz phrases like the Internet of Things (IoT), blockchain, and artificial intelligence (AI) crop up year after year. Naturally, these emerging technologies will have more of an impact…
Read MoreHow Supply Chain Professionals Can Best Use Excel
Many supply chain professionals use Microsoft Excel to store, organize and process information, as it’s capable of dealing with large amounts of diverse data sets. With Excel, it’s easy to make better purchasing decisions, keep an eye on orders and track inventory. The Microsoft program includes many features that help supply chain professionals get value…
Read MoreSMART Goals Need Smart Metrics! How to Choose the Right Metrics to Measure Your Supply Chain Success
Hopefully, you’ve heard of the goal-setting strategy known as SMART, which stands for setting goals that are Specific, Measurable, Attainable, Relevant and Time-Sensitive. One of the most important components of that strategy is setting the right “measurable” metric. When the right metrics are chosen, they can effectively drive desired behaviors. As opposed to picking out…
Read MoreShould You Still Be Using Excel For Supply Chain Planning? 9 Signs it’s Time to Consider Other Software
While Microsoft Excel continues to enjoy massive success, modern supply chain management operations are demanding, and many logistics professionals quickly find they’ve outgrown the spreadsheet program. Excel does offer several benefits. It’s affordably priced, easy to use, versatile, accessible, and quite functional. However, the Microsoft program has significant limits in comparison to applications meant explicitly…
Read MoreA Supply Chain Management Planning Guide to Navigate the Approaching Holiday Season
The holiday season might seem far off at the moment but it is only a few months away! Throughout the holidays, shipping activity of consumer goods increases, which results in an increased demand for tools, materials, and services. A major spike in supply chain activity can lead to problems, and if an organization hasn’t prepared…
Read MoreStruggling with Employee Retention? 4 Important Trends to Note
Turnover rates have been rising for years, and as with just about everything else, the COVID-19 pandemic has only exacerbated this trend. If your company is struggling with employee retention, you should take comfort in the fact that you’re not alone. Of course, knowing is half the battle, and business leaders who keep tabs on…
Read MoreThe Top 4 Must-Have Soft Skills You Need to Be A Successful Supply Chain Manager of the Future
While people typically get into management positions because of their technical ability, interpersonal soft skills are far more relevant than technical know-how in most manager positions. With technology changing rapidly the way we do our jobs, technical abilities can get outdated quickly. It’s so hard to predict what the most important future technical abilities will…
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