Blog Posts

The 5 Levels of Supply Chain Transparency!

One could argue Supply Chain transparency — at it’s origin — is a byproduct of consumer concerns, materialized within poor production, social and/or environmental quality.

As the story goes, the meatpacking districts of Chicago were one of the first recorded drivers, towards the need, for supply chain transparency. The Jungle, authored by Upton Sinclair, outraged the American public in 1904, after Sinclair’s depiction of the harsh realities of the meat industry at the turn of the 20th century. The book sparked consumer concern, which prompted the Food and Drug Act and the Meat Inspection Act (Linich 2016).

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Differentiate With Supplier Relationship Management (SRM)!

Democratic institutions around the world promote the core doctrine that all people are created equally. This is clearly not the case in the world of supplier management. All suppliers are not created equally and they should all be managed with this distinction in mind. As such you can differentiate with Supplier Relationship Management.

This article on how to differentiate with Supplier Relationship Management will look at a model for stratifying and segmenting your supply base within the confines of a structured and formal supplier relationship program (SRP).

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How to Prevent Shipping Damage! (Infographic)

Shipping damage can cost any business owner a significant loss in annual gross sales. Although it can be prevented, damages on shipping can happen more often and might bring a series of detrimental effects for both the buyer and the seller.

The reputation of a brand also relies heavily on its capability to secure its products during the shipment process. For exporters, as well as those who own an eCommerce business, maintaining the pristine condition of each product before it reaches the customer must always be a priority.

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Is Bitcoin Volatility a Threat for Traders?

Bitcoin is an utterly free currency not subjected to rules and protocols of government authorities. All the more, bitcoin was not composed to make you rich but was composed to make you accessible. However, bitcoin traders and investors still grabbed the opportunity and are making good money out of bitcoin. 

Regardless of the vitality of bitcoin, there are few concerning factors in the bitcoin complex. However, the utmost concerning factor which disturbs novice traders to an exceeding extent is the volatility of bitcoin. The volatile nature of bitcoin demonstrates the number of fluctuations rendered by the bitcoin complex on average.

Here is an utter portion demonstrating the solution of this query; let’s check out whether bitcoin volatility is a threat for bitcoin traders. 

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Lead Time – The Ultimate Guide!

Online shoppers have come to expect the instant gratification of next-day delivery. Consumers’ willingness to wait to receive their orders has dwindled significantly in the past half-decade. If your eCommerce fulfillment process takes too long, you’ll lose sales. One of the best ways to shorten your delivery window is to reduce lead time

A deeper understanding of what lead time is, its components, and how reducing it can help your business grow. In this guide, you’ll find everything you need to know about lead time and how to use it to optimize your order fulfillment. 

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The Quickest Payment Method for Online Betting!

There’s not much better in the world to a sports fan than watching their favorite team win a match or defy the odds and bag a championship. Regardless of the professional sport you follow, the same rules apply.

We are a nation of sports fans who get passionate about our team as if they were one of the family. And so we should. Many people are, at least, emotionally invested in the results of a soccer club, American Football team, or basketball outfit.

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Digital Procurement Ecosystem Creation in 8 Minutes!

I was in Paris last week, touring around as people do in Paris, and visited Fondation Louis Vuitton. What does that have to do with a Digital Procurement ecosystem?

If you’ve never been before and are a fan of art, architecture, and culture, I can highly recommend adding it to any future itineraries.

The museum’s collections are magnificent, and the building itself is a true masterpiece. Beyond the artwork, Fondation Louis Vuitton offers an experience to tour the multiple levels of decks that interweave themselves between the inside and the outside of the building’s structure.

On one of the decks sits a piece of artwork named “Where the Slaves Live”. It is a living organism, composed of inorganic and organic materials, forming a ‘living sculpture’ that is a small scale ecosystem- an ever-changing work of art.

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Tips for Overseas Small Business Taxes!

Technology, the internet, and social media have made it possible and even prudent to run an online business from any location in the world and digital nomadism and the laptop lifestyle have struck a chord with entrepreneurs and independent contractors everywhere who see the value it has added to their lives, despite overseas small business taxes. 

Expats also run small businesses or businesses in foreign countries and may be struggling to accurately calculate and file their annual tax returns. Here are some tips to manage small business taxes from overseas with the minimum of hassle. 

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Why You Should Consider More Study After Earning a Degree!

You’ve worked hard, perhaps for many years (and usually at least three) in earning your degree. You’re proud of yourself and you are glad that you put in the effort because now you can move forward with your life with all kinds of options open to you. 

One of those options – one that you might not initially even realize is there, let alone take any time to contemplate it – is to continue learning. You don’t have to go straight into the world of work after gaining your Bachelors degree. You don’t have to start your own business or do any of the other ‘expected’ things.

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Truck Tracking Guide: How to Track Your Truck!

The transportation industry is constantly evolving, and truck tracking has become an essential tool for businesses looking to streamline operations and improve efficiency.

As we navigate the ever-changing landscape of technology, it’s crucial to understand the ins and outs of truck tracking and the benefits it can bring to your fleet management strategy.

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Reasons You Should Do Coding Boot Camp!

Coding boot camps offer a training curriculum that is immersive and high-intensity for anyone who wants to create a career out of programming, whether they are recent grads, early professionals, or anyone else.

Bootcamps, in contrast to regular university programs, have a more open admissions policy, which means that anyone already enrolled in college or working in an early professional role can apply.

However, in order to get the most out of your coding boot camp experience, you need to have a solid foundational understanding of the fundamentals.

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Receiving NIF Online with Intermediary Assistance!

NIF is an abbreviation for Número de Identificação Fiscal. For those who want to get the answer to the “What is a NIF” question, here it is: this is a tax identification number that can be received by an individual. There are nine digits in it.

It does not cost anything to receive a NIF but remember that if you want to have a tax card as a dweller of Portugal, you will have to input about seven euros.

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5 Tips For Making Warehouse Management Easier Than Ever!

If you run a warehouse, you would know of the hassles and responsibilities that go into its efficient management and look to making warehouse management easier.

You may be doing your best, and some problem or the other still may crop up. Simply frustrating!

But, hey. That’s still normal. Just that there’s a bunch of measures that can sort your warehouse management chores, so you don’t have to feel too worked up.

Ready to read? Here are 5 useful tips for making warehouse management easier for you.

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On Time Delivery – Get that right First!

No matter what industry you are in and no matter what channels you are serving your Customers expect delivery of their goods on time.

You may have different pressures, to increase profits for instance, but you must take care of the basic expectation of on time delivery first.

If you don’t have on time delivery all your other pressures will not matter.   Your customers will go elsewhere and your business will fail.  Even if you have a unique product that no one else in the world has (for now) you must deliver on time to your customers.  If not there will always come a time when your customers will be able to go elsewhere.

Providing on time delivery may seem basic.  But it is the foundation on which the rest of your business must be built.

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Building a Strategic Relationship Management Consultancy!

Becoming a strategic relationship management consultant is more than the process of offering advice and direction on relationships; it is, in addition, an art form in creative solution-finding, diplomacy and negotiation.

Building a consultancy to support such relationships is a wise decision, considering today’s global enterprise system and the ease with which procurement, purchasing, and supplier relationships become fractured or even broken at the speed of an errant email.

In the following paragraphs, we will discuss how to start your strategic relationship management consultancy and, with equal weight and importance, how to maintain it successfully. 

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