SCM Insights Supply Chain Act: the first three steps to better assurance The Supply Chain Due Diligence Act, commonly referred to as the Supply Chain Act for short, puts companies under pressure to act: from January 1, 2023, all companies in Germany with more than 3,000 employees will be co-responsible for ensuring that human rights are respected in their supply chain. Worldwide, 100 million people are affected…
SCM Insights How to ensure a supply chain’s mid- and long-term resilience—including practical examples In the last two posts of my blog series, I focused on taking the first steps in dealing with an acute crisis. So far, I have emphasized the importance of integrating supply chain management and risk management, as well as taking ad-hoc measures to counter the impacts of Covid-19. Now, the next step is to…
SCM Insights How to successfully steer your supply chain through a crisis: Quick response measures Recently, in the first part of my blog article series “Supply Chain Risk Management – far more than just a way out of the current crisis“, I highlighted the importance of linking the two disciplines of Risk Management and Supply Chain Management when managing crises. There is another important aspect to not just surviving times…
SCM Insights Supply Chain Risk Management – far more than just getting out of the current crisis The current coronavirus crisis clearly shows how vulnerable and susceptible to disruption supply chains are today. It also shows how important it is to anticipate disruptions of any kind in order to minimize their impact. In this context, supply chain risk management plays a major role. Essentially, it is a matter of finding answers to…
SCM Insights Optimize your procurement with online auctions Buyers in the manufacturing industry face a variety of challenges, such as volatile markets, high competitive pressure and ever shorter product cycles – catchword time-to-market – to name a few. Adding to that, manufacturing companies primarily source production components, placing high demands on quality and delivery time. But also the so-called indirect material offers a…