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Focusing on Efficiency in Logistics is No Longer Enough: Flexibility is Key
In today’s high-risk and uncertain supply chain environment, organizations must plan for disruptions and minimize their impact by balancing tradeoffs between efficiency and flexibility in logistics. While the focus on logistics efficiency alone has been a norm, recent years have underscored…
Tips to Drive Supply Chain Success Amid Uncertainty
This is an important time for the supply chain profession. Supply chains are in the news, on governments’ agendas, and in the spotlight. Supply chain professionals are facing disruptions on multiple fronts, including rising geopolitical tensions among countries and regions, shifting maritime trade…
Develop Contingency Plans for Supply Chain Disruptions
While organizations cannot avoid the unexpected, supply chain professionals can develop a “just in case” playbook with contingency plans to activate when alternatives are needed.A contingency plan spells out the actions to take, such as reallocating money, people, equipment, and other resources,…
Top 5 Procurement Strategic Objectives
APQC research shows that procurement is changing for the better with its strategic objectives. While in the past the focus was on cost savings, now there’s also an emphasis on avoiding supply disruption. Reflecting other changes in business environments, additional notable objectives include…
ESG Changing Supply Chain Decision-Making
In the current market, the increasing importance of Environmental, Social, and Governance (ESG) is primarily influenced by new regulations and customers' ever evolving expectations. Business customers and consumers are increasingly aware of their purchases' social and environmental impacts,…