What is a Contract Warehouse?
What is a Contract Warehouse? A contract warehouse involves a third-party partner warehouse that agrees to receive, store, and ship goods for a client under a warehouse contract. The contract warehouse definition specifies terms like the duration of the agreement, ranging from months to years, and a fee structure that can be fixed or cost-plus. […]
Supply Chain Digital Transformation
What is Supply Chain Digital Transformation? Supply Chain Digital Transformation integrates digital technologies like AI, IoT, and blockchain to improve efficiency at every stage, from sourcing to delivery. This transformation enables companies to streamline logistics processes and maintain a competitive edge in supply chain management. The digital supply chain is pivotal in reshaping how businesses […]
Strategic Fit in Supply Chain
What is Strategic Fit in Supply Chain? Strategic fit in supply chain refers to the alignment between a company’s supply chain strategy and its competitive objectives. This alignment entails synchronizing a company’s resources and capabilities with opportunities present in the external environment to enhance overall efficiency and responsiveness. H2 – Importance of Strategic Fit and […]
What is Maritime Logistics?
What is Maritime Logistics? Maritime logistics encompasses the planning, implementation, tracking and management of goods movement during ocean transportation. It is crucial for optimizing the logistics supply chain, facilitating international trade, and enhancing supply chain management efficiency, thereby supporting global commerce and economic growth. Characteristics of Maritime Logistics: Defined by high capacity and international reach, […]
Bull-whip Effect in Supply Chain Management
What is Bull-whip Effect in Supply Chain Management? The Bull-whip Effect in Supply Chain Management occurs when small changes in demand at the retail level cause large fluctuations in production at the manufacturer level. This results in inefficiencies, delays, excess inventory, and disorganization throughout the supply chain management process, creating significant disruptions and higher costs. […]
A Guide to Sourcing in Supply Chain
What is Sourcing in Supply Chain? Sourcing in supply chain management is the process of identifying and evaluating suppliers to provide goods and services. It directly impacts product quality, cost, and availability, making it an integral part of supply chain management. Understanding what is sourcing in supply chain management is vital for businesses aiming to […]
Operations and Supply Chain Management
What are Operations and Supply Chain Management? Operations and supply chain management (OSCM) focuses on designing, operating, and improving processes that efficiently move goods from suppliers to consumers. These operations ensure quality and smooth workflows across all stages of the supply chain management. Effective OSCM practices are critical for companies to stay competitive in global […]
Fill Rate in Supply Chain
What is Fill Rate? Fill rate refers to the percentage of customer orders fulfilled on time without stockouts, helping businesses assess order fulfilment, demand satisfaction, and guide manufacturing and procurement strategies. Understanding the fill rate meaning is essential for evaluating how effectively a business can meet customer demand and manage inventory. Why is Fill Rate […]
RFID In Supply Chain
What is RFID in the Supply Chain? Radio Frequency Identification (RFID) uses radio waves to track items within logistics and supply chain networks. Tags with microchips and antennas are attached to products, storing critical data like order IDs and serial numbers. RFID in logistics and supply chain ensures precise product identification and streamlined location tracking. […]
What is Closed Loop Supply Chain
What is a Closed Loop Supply Chain? A closed-loop supply chain (CLSC) minimizes waste by reusing or recycling materials, contributing to a sustainable and resource-efficient system. This system is part of a larger supply chain management strategy that focuses on reducing the environmental impact by conserving resources and energy. Closed Loop Supply Chain Vs Circular […]
