COVID-19 has taught manufacturers a bitter lesson. The global supply chain doesn’t adjust well to unexpected or unusual incidents — so-called black swan events. Extended lockdowns, changes in consumer behavior, spikes in fuel costs and tensions among global trading partners have caused an unprecedented breakdown of the supply network.
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It’s not an exaggeration to say suppliers are the center of the supply chain’s success. No matter what industry you’re in and the products you sell, you...
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In an enterprise, Procurement’s job is to ensure stakeholders get the right goods or services provided by suppliers, on time and at the right quality level....
The outsourcing model has become popular over the years as companies scale up and require specific supply needs to accommodate their growth. Yet, many companies have been...
Today, more companies, especially global ones, have grown their supply base exponentially, making the onboarding process more complex than ever. It is becoming common for...
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