Supply Chain Solutions No.46 – Explain the Development and Production Process to know gaps in the Vendor Process
There are three core business models sourcing products. Buying organisations need to define what their business model is and how their process operates, never expect the vendor will understand your business model and process.
Supply Chain Solutions No.45 – Maximise Seafreight Container Fill
Managing container fill is important in small and large organisations. Excellent purchase order planning, logistics and carton size working to pack sizes that maximise container fill, and warehousing racking is key.
Supply Chain Solutions No.44 – Get it in Writing
During the course of engaging a new vendor regarding future endeavours, the scope of services and deliverables through to pricing must be clearly recorded in writing
Supply Chain Solutions No.43 – Transparency creates Trust
Limiting transparency and creating silos due to distrust is a standard management approach when been protective. But is this doing more harm than good?
Supply Chain Solutions No.42 – Supplier late shipment Penalty
Is placing a penalty on a vendor for late shipment a necessity that ensures the product reaches the customer on time or something draconian and unnecessary?
Supply Chain Solutions No.41 – Reducing Procurement Fraud
Managing the purchase order process through raising, delivery receipt and invoice processing is critical to reducing fraud. Fraud is a supply chain related category that should not be ignored, as reported in the Kroll Global Fraud Report 2013, and has affected 70% of all companies surveyed. Procurement fraud is a key contributor in those companies affected.
Supply Chain Solutions No.40 – Can Buyers Benefit from Trade Finance Factoring?
Through factoring, Buyers can gain a credit facility through a factoring organisation like Stenn International where the Seller pays the finance charges of goods exported internationally.
Supply Chain Solutions No.39 – Exporters, Invoice Factoring Delivers Value
Factoring or Trade Finance is a mechanism that frees exporters capital delivering a positive cash flow providing value to both Sellers and Buyers of any commodity.
