From jumbo pumpkins for jack-o-lanterns to spooky costumes and decors, procurement departments prepare well in advance to support Halloween stock. However, going overboard with seasonal products can strain procurement teams, cost organizations big amounts and ultimately fail to get a return if the product fails. That’s the scary story of...
Month: October 2023
Capability or Competency, which is important to Business?
“Competency” and “capability” are two terms that pertain to human ability and in everyday business these terms are often used interchangeably; It’s easy to use these terms as synonyms for one another without thinking. The true difference between Capability and Competency is in the impact that each has on business....
The Transformational Role of Microchips in Supply Chain Management
Introduction In the world of supply chain management, efficiency and transparency are the keys to success. As industries evolve and global markets become increasingly interconnected, the need for real-time data and tracking has never been greater. This is where microchips, often referred to as RFID (Radio-Frequency Identification) and IoT (Internet...