Supply Chain Solutions No.38 – Factoring, why do it?

Supply Chain Solutions No.38 – Factoring, why do it?

In first world countries, credit ratings are transparent, allowing enterprises access to overdrafts, extended credit limits and payment terms or various forms of finance from financial institutions. In developing countries, this is not necessarily the case.

Supply Chain Solutions No.37 – Supplier Management, One Voice to the Supplier

Supply Chain Solutions No.37 – Supplier Management, One Voice to the Supplier

In small or large international organisations, it is important to define a single contact window which is responsible for Supplier Management.

Supply Chain Solutions No.36 – Supplier Scorecard

Supply Chain Solutions No.36 – Supplier Scorecard

Been able to effectively manage suppliers in a matrix environment can be complicated as departments and individuals will have a different opinion of which vendor is right for their organisation and business needs.

Supply Chain Solutions No.35 – Procurement Fraud

Supply Chain Solutions No.35 – Procurement Fraud

Sourcing from Asian suppliers generally leads to various ways to incentivise the sale which some believe is a regular part of business, but others may say fraud. Greasing palms to garnish a business deal is an age-old affair globally, is it ethical no, but it happens regularly

Supply Chain Solutions No.34 – Supplier Onboarding

Supply Chain Solutions No.34 – Supplier Onboarding

Sourcing and on boarding new suppliers is a process that needs to be systematic to ensure all requirements exist to be able to deliver all key business deliverables and future business success.

Supply Chain Solutions No.33 – Employee Bribery

Supply Chain Solutions No.33 – Employee Bribery

Organisations engaged in direct and indirect procurement, there is always a chance an employee will engage in some form of inappropriate behavior that is not in the interest to the business.

Supply Chain Solutions No.32 – Supplier Deception

Supply Chain Solutions No.32 – Supplier Deception

When a seller lies about who they are, have cash flow challenges temporarily disrupting supply or goes into bankrupcy crippling the supply chain, the business effects can also be devastating due to losing sales and customer reputation.

Supply Chain Solutions No.31 – The Supplier is only as good as the information you give them

Supply Chain Solutions No.31 – The Supplier is only as good as the information you give them

Why doesn’t this Chinese supplier listen to what I said or follow the instruction sheet?

Supply Chain Solutions No.30 – Strategic Sourcing

Supply Chain Solutions No.30 – Strategic Sourcing

Strategic sourcing is the continual improvement and re-evaluation of your vendor matrix. The vendor matrix defines a group of vendors capable of meeting business procurement objectives across category spend, capacity, quality, and sustainability.

Supply Chain Solutions No.29 – Price Versus Cost

Supply Chain Solutions No.29 – Price Versus Cost

Irrespective if the sourced item is direct or indirectly procured, the objective is to maximise perceived value which must maximise margin, be within cost and on time with the least amount of effort, and quality is fit for end use.