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What Is Supply Chain Management? Supply chain management (SCM) is the management of a network that helps businesses meet customer demands by sourcing raw materials, producing, and delivering products as quickly and cost-effectively as possible. It also includes the...
What Is a Supply Chain Audit? Supply chain audits offer in-depth insights into your supply chain processes and identify corrective actions for internal and external parties. There are two types of supply chain audits, internal and external audits (also called supplier...
What are logistics centers? A logistics center is an area that provides various logistics services, including warehousing, transportation, and storage to businesses and shippers. These large facilities are purpose-built to help companies move closer to transportation...
Over the past year, manufacturers’ durable goods shipments have risen by almost 12%, and new orders are up by 11%. However, the positive news regarding U.S. manufacturing industry growth has been offset by rising shipping costs, threatening manufacturers’ overall...
From 18th-century merchants who lost goods during trade and transport, to 21st century’s supply chain managers who rely on technological infrastructure to manage goods and deliver products on time effectively - they’ve all had one evergreen problem. Inventory...
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