Supply Chain Solutions No. 47 – Strategic Sourcing Drive Cost Reduction.

Supply Chain Solutions No. 47 – Strategic Sourcing Drive Cost Reduction.

Delivering strategic sourcing improvement doesn’t just come from finding new suppliers, it starts internally with understanding the business strategy and direction, market intelligence on competitors, customer direction and historical analytics.

Supply Chain Solutions No.46 – Explain the Development and Production Process to know gaps in the Vendor Process

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

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

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

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

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

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?

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

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.

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.