Last week, an unprecedented cyberattack crippled many popular websites — including Twitter, Netflix, PayPal and Reddit. While the size and breadth of the attack made lots of headlines, the truth is that similar cyberattacks are waged every single day, and they could pose a risk to your business or your supply chain.
While there is no way to completely mitigate the risk of a cyberattack like the one carried out last week, understanding the nature of the attack and taking a proactive approach to cybersecurity, can prove helpful — especially as businesses (and even factories) become increasingly connected to, and reliant on, the web.
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Many small- and mid-sized businesses (SMBs) don't have dedicated procurement teams in place. In fact, thanks to limited resources and tight budgets, sourcing responsibilities often fall on the shoulders of one or two individuals — many of whom juggle responsibilities other than procurement. As a result, monitoring existing contracts and sourcing best-in-class agreements can be a tremendous challenge for these SMBs.
So how can SMBs optimize their procurement efforts despite the lack of resources? The key is to be Lean.Read More »
Whether you are looking to place an order, source something new, or just get an update on overall account status, businesses expect their suppliers to address these needs. But what do your suppliers expect from you?Read More »
Two years ago, David Allen, who at the time was Functional Excellence Lead in Shell Oil's Downstream Contracting and Procurement Operational Excellence Group, nominated a young colleague, Katy Conrad, for the THOMASNET.com and ISM 30 Under 30 Rising Supply Chain Stars Recognition Program. Katy was not only selected, she was also named the Megawatt Winner for 2014.Read More »
When it comes to sourcing materials for a manufacturing project, vendor qualification is an important consideration that will leave a lasting impact. A precision metal stamping vendor, for example, is very different than a thermoforming vendor. To hone in on the best candidate for procurement, utilize custom, concise questionnaires specific to each vendor’s particular service area.
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It seems logical that when developing a product with multiple process requirements, you would search for multi-station equipment, and single-station equipment for a one-process operation. However, this common screening process can actually yield less than optimal results.
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As you know, social media runs rings around traditional media in terms of early access to news, unadulterated commentary from all levels of the workforce, and providing an interactive forum for discussing, rather than just reading about, the biggest issues facing our profession.Read More »
Small- and medium-sized businesses (SMBs) are an essential and valuable part of the supply chain, offering levels of flexibility, cost competitiveness and responsiveness that larger suppliers often can't match.Read More »
More than 10,500 athletes from 200 countries will compete in front of the cameras at the Summer Games in Rio. But those numbers pale in comparison to what’s going on behind the scenes, where two warehouses spanning 105,000 square meters will store more than 30 million items. These items include 10,000 smartphones, 54 boats, 32,000 tennis balls, 250 golf carts and 70,000 tables. Making it all possible is a team of almost 7,000 employees and 70,000 volunteers who will handle everything from registering and recording the arrival of the goods to organizing their final delivery.Read More »