organisations and even the entire world face new challenges by the passing of
each day. To deal with these challenges, the quest for new best ways,
frameworks and paradigms becomes inevitable. In fact, anything that concerns
Man possess an unending challenge to be defeated – this truism reflects the
foundation upon which new innovations and technologies come to life.
In every micro-seconds billion
tons of goods and services based on demand and supply pass through millions of
supply chain frameworks and in the midst of unforeseen chaotic tendencies known
as disruptions, Industries around the world keep all hands on deck to curtail,
avoid or minimize the negative effect of these situations just so they could
maximize profit and keep their customers satisfied. These disruptive tendencies
therefore brings to fore the need for better frameworks, new innovations and
technological advancements to predict, reduce or bring to an end a great number
of events that could result to unwanted outcomes.
Now, ever wondered why some
organisations perform better than the other – it most times has nothing to do
with how big or small they are, it actually is the evidence of good and cutting
edge innovations at play. In a contemporary such as this where billions of
information exchange occurs in seconds and organisations who are able to use a
veritable amount of it to their advantage find themselves operating on a whole
SUPPLY CHAIN CHAOS AS ALWAYS BEEN THE LADDER
The major concern in supply chain
management is majorly centred on the avoidance of risk – this apprehensive concerns
is what triggers the search for new innovations. More so is to close the gaps
and identify new opportunities in an extremely uneven market, which is mostly
handicapped by poor infrastructure and obsolete logistics systems.
An efficient supply chain is
vital for businesses to deliver their products to the consumers who want or
need them. As the global marketplace continues to evolve, supply chain managers
must think more innovatively and proactively to balance product flow and costs
throughout a product’s life cycle.