Supply Chains, especially global Supply Chains, are always facing a variety of potential risks. From natural disasters and transportation failures to political instability and cyber security, risk is a potential from many different directions. While it’s likely that any global organization has dealt with incidents of localized disruption, a rolling, global pandemic is posing a whole new set of challenges. …
Creating and Developing Your Ideal Supply Base
The job of a procurement team is not just finding the lowest price for a product. Putting together the best possible supply base possible for an organization is a far more complicated process. It requires strong analytical skills, strong communications, and plenty of research. While price is always a consideration when considering prospective suppliers, the right supplier isn’t necessarily the …