Tag: SCM
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Strategies to Mitigate Risks from Supply Chain Disruptions
What to do when faced with delays and problems in the supply chain? The high volatility in purchase delivery forces decision-makers to adapt their supply chain strategies. Managers have fundamentally four options to respond. These four critical approaches are: 1) Increase inventory from just-in-time to just-in-case2) Find a second (or third) source of supply3) Reshore…
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Dabbling in the Supply Chain
Getting serious with the Supply Chain? Nah! Let’s play shenanigans. “Big businesses are pushing hard to wring profits out of the smaller companies that supply them with goods and services,” reports The Wall Street Journal. Accounts receivables are prepaid by financial service providers against a fee, however, the customer (debtor) gets a cut on that fee,…
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Competive Advantage by Supplier
What is the role of SCM and Purchasing for innovation and competitive advantage? Today, many firms relegate SCM (incl. Purchasing) to a tactical level operating in a “silo.” Because their mission is limited to one thing: efficiency in the way of low piece prices and operational cost. The result: The “pricing game!” Suppliers start high,…