Inefficient Policies Hurt Global Trade More than Tariffs

Inefficient Policies Hurt Global Trade More than Tariffs

According to a recent report by the World Economic Forum, global supply chain barriers found in administrative policies and government infrastructure have a greater impact on trade than tariffs and taxes. The research includes 18 case studies in various industries around the world and outlines several ways countries can work together to boost global GDP.

6 Avoidable Pitfalls of Procurement Quality Assurance

6 Avoidable Pitfalls of Procurement Quality Assurance

Quality control standards have evolved to fit different production methods since the Middle Ages but it wasn’t until shortly after the Industrial Revolution that quality inspections and specialized departments for quality control came into being. Quality assurance as it is known today was first introduced in Japan in the mid 1940s. Q.A. found its place…

Walmart Tightens Supply Chain After Bangladesh Factory Fire

Walmart Tightens Supply Chain After Bangladesh Factory Fire

Wal-Mart announced changes to their supply chain policies shortly after a clothing factory in Bangladesh went up in flames. The fire killed over 100 employees at a facility subcontracted by a Wal-Mart supplier without the retail giant’s approval. Under Wal-Mart’s current policy, suppliers have three chances to rectify noncompliance issues like this, but that will…

Master Procurement Negotiation in 6 Easy Steps

Master Procurement Negotiation in 6 Easy Steps

Whether you have 20 years of procurement experience or you’re new on the supply chain scene, negotiating contracts with suppliers is often intimidating and stressful. Procurement professionals aren’t always trained in the art of negotiation, although the salespeople they’re working with are usually very well-trained. These easy steps will give you the edge you need…

4 Signs of Operational Dysfunction & How to Resolve It

4 Signs of Operational Dysfunction & How to Resolve It

When operational dysfunctions occur, the source of the problem is usually linked to the supply chain. Effective supply chain systems integrate seamlessly into a company’s operations and need a great deal of teamwork for success. A dysfunctional supply chain can drag a business under very quickly. Here are some of the most common signs to…

Low Mississippi Levels Could Disrupt Supply Chain
| |

Low Mississippi Levels Could Disrupt Supply Chain

Coal, fertilizer, salt, grain, and other valuable commodities depend on the Mississippi River for transport, but the nation’s largest waterway may soon be inaccessible to the barges that move these products. Recent drought conditions have diminished the water level of the Mississippi to the lowest its seen in more than a decade, with some experts…

Speed, Accuracy, and Efficiency: Key Elements for Tomorrow’s Supply Chain

Speed, Accuracy, and Efficiency: Key Elements for Tomorrow’s Supply Chain

The ninth annual PwC Global Supply Chain Survey shows that strategy is everything when it comes to supply chain success. Businesses that realize the strategic importance of their supply chain achieve 70% higher performance and are more profitable. In 2013, PwC surveyed more than 500 supply chain experts around the world, representing a range of…