Celebrating the 40th Anniversary of Supply Chain Management! (Or is that 4,000 years?)

In 1982 Keith Oliver is credited with coining the phrase “Supply Chain Management”. As I began my career in 1982 I can attest to the fact that the term Supply Chain was not in general use at that time. In fact it would be many years before anyone started to hear that phrase being widely used.

So it is appropriate that in 2022 we look back at the last 40 years. But in reality all of the functions and responsibilities that constitute Supply Chain Management have been around for thousands of years.

Let’s take some time to celebrate the 40th anniversary of Supply Chain Management!

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Why Business Insurance is Essential for Supply Chain!

Supply chain management is a crucial aspect of any business, involving the coordination of production, shipment, and delivery of goods. A well-managed supply chain ensures that products reach customers efficiently and cost-effectively. 

However, supply chains are vulnerable to various risks, from natural disasters to economic downturns, making business insurance an essential tool for protecting these vital operations. Let’s begin exploring to learn reasons why business insurance is important.

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Digital Marketing and Supply Chain Synergy: Enhancing Online Presence!

In an age where every click, like, and share counts more than ever, industries across the board, including logistics and supply chain management, are turning to digital marketing for visibility, engagement, and, ultimately, business growth.

This strategic blend of digital marketing with traditional industries like logistics isn’t just about staying relevant; it’s about thriving in a rapidly evolving marketplace.

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How to Avoid Supply Chain Bottlenecks!

Unchaining Change Leadership

It’s easy to visualize your supply chain as a river, flowing from one point to another. Along the way, it can branch out into various tributaries and meet various bottlenecks — but like running water, any item in the supply chain will find its way to its destination eventually.

Yet just as a dam can hold back the flow and slow it down, your processes can be encumbered by bottlenecks.

There are many reasons why a bottleneck may develop in your logistics, but the effects it can have are all negative. If left unaddressed, they can cause delays, hurt productivity and waste resources.

None of these is good for your business’s bottom line, which means it’s crucial to know what causes them and how to address them.

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6 Common Causes of Supply Chain Disruptions and How to Overcome Them!

In the multifaceted world of supply chain management, there are numerous variables that can cause unexpected disruptions. From natural disasters and IT issues to fluctuations in global politics, these challenges require strategic planning.

We’ve laid out six common causes of such Supply Chain disruptions along with potential solutions for each one, giving you the means to put your own contingencies in place.

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Interest Rate Increases and Their Impacts on Supply Chain!

The spectre of inflation reared its ugly head in 2022, just as the world was climbing out of the pandemic and looking forward to getting back to normal.

The interest rate increases by banks around the world, designed to reduce the rate of inflation, will continue to have impacts on Supply Chain across several dimensions.

Let’s discuss the various implications of these increase rate increases on Supply Chains everywhere.

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Innovating Supply Chain Management: Strategies for Future Growth!

In the world where supply chain development is going meta, businesses nowadays have to stay abreast and adapt themselves constantly to these metamorphosing areas of operation as well as introduce innovative strategies as a way for survival and/or staying competitive in the game.

This paper points out some modern trends, technologies, and fresh strategies through which supply chain management is reshaped, together with an overview for companies to learn how they are able to further their innovation by maximizing growth prospects.

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How Blockchain Helps Improve Supply Chain!

Supply chain management has witnessed a growing blockchain application in recent times. Zion Market Research says that by 2028, the market for blockchain technology in supply chain management will be worth more than $3.1 trillion, growing at a rate of 51.3% per year.

This technology could make it easier for retailers, wholesalers, and financial institutions to work together by speeding up product delivery, lowering costs, and making it easier to track products.

Blockchain is thought to have a revolutionary effect and could change how supply chain management systems work. 

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Supply Chain and Procurement in the Digital Age!

If your supply chain is more visible, you can halt minor issues like order mistakes or project delays and react to problems more quickly. If you want to increase the efficiency, reliability, and robustness of your firm’s whole supply chain, having rapid and easy accessibility to that sort of knowledge is essential.

This is the future as Supply Chain and Procurement enter the Digital Age.

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Why Effective Supply Chain is Critical to a Successful ECommerce Business!

To thrive as a successful eCommerce business, you need to manage your supply chain effectively. In practice, this accurately monitors stock levels and ensures the smooth transfer of products and supplies. Combined, these factors keep customers coming back and generate revenue for your company.

Understanding the unique demands of an eCommerce supply chain can be complex. We’ve outlined a few things you should know about managing one effectively in our quick guide below.

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5 Top Reasons Why It’s Important to Study Supply Chain!

Supply chain refers to the process of delivery of a product to the customer, involving all the necessary steps. These steps include procurement, logistics, warehousing management, forecasting, etc. Each of them is essential to delivering the final product or service.

Due to the heightened demand for the delivery of goods, the supply chain across the globe has been disrupted. This has resulted in a slowing down of transit. The shortage of workers has also affected the process. Every business depends on supply chain management, and any disruption can cause loss to a business.

This is why businesses need to realize the importance of skilled supply chain management. If you are interested in this topic, you should consider learning more about supply chains.

In this article, you can find the top 5 reasons why you should study supply chain. 

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How Shipping Containers Revolutionized the Supply Chain Industry!

Shipping containers have left a mark on the supply chain industry and beyond. What may seem like simple steel boxes have transformed the international trade landscape, reshaping supply chains, economies, and even urban development. 

Learn more about how shipping containers revolutionized the supply chain industry in this blog.

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Seasoned Leadership in Action™ – An Interview with Mike Croza, Founder of Supply Chain Alliance!

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe.  As such we have introduced our “Seasoned Leadership in Action™” Interview series at Supply Chain Game Changer. This interview is with Mike Croza, Founder and Managing Partner at Supply Chain Alliance.

Supply Chain Alliance is a premier Management Consulting firm specializing in all things Supply Chain. With decades of experience and a track record of achieving outstanding results in all industries they are an essential resource for those looking to move their businesses forward.

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