Navigating the Health Care Supply Chain: Strategies, Technology and Best Practices
August 14, 2023 | Supply Chain Strategy
The health care industry is a complex ecosystem that hinges on the seamless flow of medical products, equipment, and resources. As a result, the orchestration of an efficient and reliable supply chain can’t be anything less than a symphony. Health care supply chain organizations are always on their toes to ensure that medical products, equipment, and resources flow seamlessly with the ultimate aim to uphold patient care.
Demand Shaping Strategies That Will Boost Your Supply Chain
August 07, 2023 | Supply Chain Strategy
Supply chains are at the heart of every successful company in a rapidly evolving business landscape. The ability to efficiently meet customer demands is crucial for the success of the supply chain. And as companies seek to influence customer behavior strategically through proactive approaches, there are emerging concepts such as demand shaping that are gaining popularity.
Let’s take a look at seven demand shaping strategies that can lead to increased profitability for supply chains.
Warehouse Management KPI: The Ones That Should Matter The Most
July 18, 2023 | Strategy
Warehouse management plays a crucial role in ensuring efficient operations and customer satisfaction for any enterprise. And to keep things rolling and in order, warehouse managers face the constant challenge of optimizing inventory, streamlining processes, and meeting daily delivery deadlines while maintaining cost-effectiveness.
For effective management, it is essential to monitor warehouse management KPI for deep insights into the overall performance and success of warehouse operations.
How to Build a Resilient Supply Chain for the Apparel Industry
July 17, 2023 | Supply Chain Strategy
Supply chain management in the apparel industry can be challenging and complex. Visit this blog to learn the strategies and technologies to overcome challenges, improve operational efficiency, drive profitability, sustainability, and customer satisfaction.
Building a China Plus One Supply Strategy for Rare Earth Elements
July 14, 2023 | Risk Management
Rare earth elements are an integral part of green energy technologies. They are used in the manufacturing of wind turbines, fuel cells and hydrogen cells, rechargeable batteries, and magnets used in electric and hybrid vehicles. These elements are also used in defense technologies such as precision-guided munitions, targeting lasers, communications systems, airframes, aerospace engines, radar systems, optical equipment, sonar, and electronic countermeasures.
Combating Supply Chain Corruption: A Comprehensive Approach
July 10, 2023 | Supply Chain Strategy
Unethical and illegal practices within the supply chain — such as bribery, fraud, and favoritism — lead to supply chain corruption. These underground activities not only dent the integrity of the supply chain but also lead to enterprises facing financial losses, reputational damage, and lack of customer trust.
The Secrets to Effective Retail Cost Management
July 05, 2023 | Cost Management
Retail and food service sales in the U.S. rose 0.3% in May , on the heels of a 0.4% increase in April. So far, consumers seem to be maintaining their spending, despite the U.S. Federal Reserve’s interest rate increases and the potential for a future recession.
A Comprehensive Guide to Food Supply Chain
June 30, 2023 | Supply Chain Strategy
The food supply chain is responsible for bringing food on everyone’s table. It comprises steps from the original source, the farmer, to the consumer, and the dinner table. This chain encompasses multiple stakeholders, including manufacturers, distributors and retailers.
This blog will discuss different models of the food supply chain, current challenges of the fourth supply chain and food supply chain best practices.
Retail Pricing Strategies: How to Set Prices That Drive Sales
June 29, 2023 | Cost Management
Retail pricing strategies are a must for driving sales of products and for maximizing profits. Understanding the importance of retail pricing strategy is critical as it directly influences customer behavior which in turn affects profitability and revenue. It’s therefore essential to strike a balance between competitive pricing and maintaining profit margins to sustain a business successfully.
Let’s explore the key strategies that can help enterprises understand the retail pricing landscape and gain a competitive edge in the industry.
6 Ways to Guard Your Supply Chain Against Falling Consumer Demand and Revenue
June 29, 2023 | Supply Chain Strategy
85% of executives believe that higher interest rates will lower consumer demand and impact revenues, according to a recent survey by Economist Impact.
Fifty-seven per cent believe this fall will impact revenues by up to 5%, with an additional 20% of respondents forecasting a revenue drop between 6-10%.
A further 7% believe their revenue will fall by 11-15%. Only 15% of respondents believe there will be no impact on their revenue forecasts in 2023.
