News

Many companies find meeting consumer expectations for ethical and sustainable products challenging. To be successful, organizations must identify threats across their supplier network and implement a mitigation strategy for each scenario. The risks in the supply chain range from disruptions to operations to human rights violations. The Organization for Economic Cooperation and Development is an example of an institution responsible for developing enterprise guidelines for supply chain strategies. Some tactics might involve increasing supplier value contributions. Others aim to improve ethical material sourcing. Understanding the impact on current operations and future risks requires in-depth assessment to allow companies to maneuver in precarious situations. Here are a few tips on how to do a supply chain risk review.

As online retailing platforms like Amazon lift the bar, the margin of error allowed by logistics managers disappears. Tightening your operations can help your company survive in this competitive environment, however. A single mistake could cost your reseller business hundreds of dollars, allowing your competitors to get an edge over you. With supply chain management software, you can automate this side of your business, removing many hassles and responsibilities from your plate. But, what are the best tools for supply chain forecasting?