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Supply Chain Management

Procurement: From Theory to Practice

Posted: 02/03/2018 - 02:17

Not many people can say they haven't heard the voice of a young child asking “Why?” No matter what the subject matter we all seem to be programmed to want to know the “why” behind the “what.” The procurement workplace is no different but we tend to find difficulty in connecting these. Understanding the ins and outs of theory and practice become essential to success in the procurement world. 

Why multiplying compliance risks demand a calculated strategy

Posted: 05/11/2017 - 07:43

In the past, compliance risk was a top-of-mind issue among select industries: regulators appeared to have banking and financial services, along with energy and extractives, under a constant microscope. But as supply chains expanded across oceans and continents, and countries legislated regulations to address bribery and corruption, terrorist financing and human trafficking, compliance risk grew for all types of organisations. Now the pressure is on you.

Air freights, drones, and the Internet of Things: what is the future of the supply chain?

Posted: 09/27/2016 - 03:02

Since the dawn of the Industrial Revolution, the global supply chain hasn’t really changed all that much. Products are made from raw materials in factories, shipped off somewhere else (either by land or sea), stored in a warehouse, and then distributed to retailers. Beyond a few small differences, this is more or less the way most people have acquired their stuff for nearly two hundred years.

Sustainable supply chains: do they really benefit my company?

Posted: 04/01/2016 - 19:55

As companies have started to internalise (and for that matter, practice) the triple bottom line concept of sustainability, the focus now has shifted to issues beyond their walls of operations and manufacturing. In the world of outsourcing, globalisation and interdependence of suppliers, companies must look into making their supply chains more sustainable.

Supply chain transparency: is your business ready?

Posted: 02/19/2016 - 03:46

From April this year, companies operating in the UK will need to get their supply chains (which includes overseas outsourcing arrangements) in order to meet new reporting requirement in the UK. The new Modern Slavery Act 2015 (the MSA) represents the first European legislation aimed at 21st-century trafficking / forced labour and it requires businesses operating in the UK with a turnover of over £36 million to prepare and publish a “slavery and human trafficking statement” for each financial year.

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