Supply Chain Disruptions and How Startups Can Manage Them Supply chain disruptions are the bane of every entrepreneur. It will not matter how good your product is if you cannot produce it or cannot send it to your customers. Unfortunately, there is no true way to defend against or prevent disruption. All you can do is prepare your startup properly and minimize any harm such disruptions could cause. Here are 5 ways to do that: 1. Transport Problems Transportation issues are the most common supply chain problems you are likely to face as an entrepreneur. Shipping
Gabriel Nieves After experiencing a variety of shortages, crises, and inefficiencies in the status quo of the procurement and distribution industry, I undertook the responsibility of building an interface for large organizations to abstract away uncertainty throughout their supply chain under most conditions. We are focused on building a framework from which our teams of professionals on the ground can provide a new generation of procurement support and professional services for supply chain critical organizations around the nation. We understand that the marketing process of critical supplies is a matter of national security and public safety.
Healthcare Supply Chain Management in a Post-COVID World For decades now, the just in time (JIT) inventory management method has been the dominant business model. In the past, companies, no matter what their industry, loathed to order inventory before they needed it, relying instead on a steady stream of deliveries to keep their shelves stocked, and in the case of the healthcare industry, to keep their patients safe. Just in time (JIT) supply, chain management model seemed to work just fine – until it didn’t. In the blink of an eye, the trucks stopped rolling, the deliveries ceased,
Just in Time or Just in Case? The Future of Supply Chain Management in a Post-Pandemic World For many decades the just in time, or JIT, model was seen as the gold standard for supply chain management. Whether it was restaurants relying on a steady stream of fresh fruits and vegetables and delicious meats, manufacturers turning raw materials into finished products or hospitals and medical facilities managing their surgical supplies and personal protective equipment, the idea was to have materials arrive just in time to be used. The idea, of course, was to reduce inventory costs
The Value of E-Procurement Every business owner understands the importance of saving money wherever and whenever they can, but business owners also understand just how hard saving money can be. When you are running a business, the demand for money can seem never-ending, and simply meeting the payroll every month can become quite a challenge. Fortunately there are some proven methods business owners and others can use to save money while making the most of their supply chain. One of the most effective of these money saving strategies is known as e-procurement. E-procurement is simply the
Strategy to Improve The Supply Chain In Small-Medium Sized Healthcare Organizations In today’s economy, businesses are all searching for ways to lower costs. Within the medical industry, the business has to be careful about where cost reductions are made. Because you get what you pay for, costs reductions in labor can result in lower quality of service. One area where reductions can be safely made is in the supply chain. Excess inventory can actually create more costs. Medical overstock requires storage space. If too much inventory is held in stock, it can take away space for
Enterprise Resource Planning (ERP) Inventory Management Overview Enterprise resource planning (ERP) inventory management is a system that a business can use to manage all of its finances, logistics and inventory in one place with one piece of software. The prospect of being able to do this is tremendously appealing to many business owners. To decide whether it is the right solution for a particular business, it is a good idea to understand what ERP has to offer. Here is a look at some benefits of ERP inventory management. More Efficient A business with its operations managed