Guidelines

Incoterms® 2020 – Beware of What is Changing to Avoid Risk

As per January 2020, a new set of Incoterms® 2020 will become active. This is a set of trade terms which describe: Obligations: Who does what in organizing the carriage, insurance of goods, obtaining shipping documents, arranging for export or import licenses; Risk: Where and when the seller delivers the goods, in other words where …

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Supply chain optimization is a never-ending process.

Does your manufacturing business have an optimized supply chain? If (apart from the odd delay here and there) you never get any complaints from customers, you may think you do. Think again. Supply chain optimization means that you’re providing your customers with the products they ordered on time and at a minimal cost to you. …

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Benchmarking in The Supply Chain

Benchmarking measures the performance of the company’s supply chain by considering quantity, value and time. Benchmarking formulates a tangible measure of the efficiency of main processes in the supply chain and serves to create a solid foundation of an organization’s performance. Benchmarking allows a company to assess the opportunities they have for the logistic control of a number of areas in its supply chain. These areas …

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Where Are Your Supply Chain’s Hidden Costs?

Know your supply chain costs today to optimize it tomorrow! If your company hasn’t designed and implemented a supply chain strategy, then the individual colonies within your supply chain (purchasing, sourcing, logistics, warehousing, customer fulfillment, production planning, etc.) probably aren’t working together to win the fight against the British (in this example, “the fight against the …

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Rethinking the Pharma Supply Chain

The international pharmaceutical business environment continues to develop at a rapid rate. Increasing interactions between economies has raised many important issues regarding transport infrastructure, logistics and broader supply chain management (SCM). It must be recognized that a product is delivered to the ultimate customer through a complex interaction of several companies on the way; pharma …

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