Posts Tagged ‘Supply Chain Jobs’
The Supply Chain
Globalization has paved way for the widespread expansion of business across geographical locations. However, the success of every business depends on the ability of an enterprise to meet customer demands in a timely manner. This in turn is the reflection of an able supply chain management system which is a network of services including procurement of materials, transformation into intermediate and finished products, and distribution of the products to customers.
Procurement in the refers to the buying process of supplies, raw materials or services at the most favorable price. The first step in the procurement process is Read the rest of this entry »
In managing any business it is important to take into account risks or potential risks with suppliers. This is a facet of the management system that is sometimes overlooked. If critical suppliers are not able to deliver the goods or services you need to operate your business, you could lose customers. An important facet of planning for the customer includes supplier risk management. Specifically, supplier risk assessment should include factors like:
1. Financial stability of the supplier : In order to assess financial stability several key questions should be answered. These include: 1) Is the Read the rest of this entry »
It Supply Chain
Running a business or organization is something that should be given attention, dedication and determination. If a business owner does not have enough time for the business, it could be facing failure. It is important that all aspects of the business will be well taken care of to ensure that it will be going towards success. Supply chain is an essential element in a business which handles all the actions needed to produce finished products right from raw materials. If this element is not properly handled, the production of the business will fail and will not provide profits for Read the rest of this entry »