6 Areas of focus when auditing a supply chain management process.

Supply chain management has become increasingly global and more complex, making risk management more challenging. To examine the challenges facing internal audit in a volatile and uncertain set of circumstances. This list below is 6 area of focus when auditing a supply chain management process. Planning • Defined governance for the full scope of the …

Brexit viewed purely in economic term

The EU has certainly brought benefits to the UK. However, these benefits have come at a cost and this cost has been distributed unevenly across the UK. By cost, I don’t mean the annual contribution that we make but more the hidden costs associated with membership. In joining we have had to accept the demise …

My Motivation for Week 3 2019

The rise in gadgets distracting us from the immediacy of being present with someone cannot be denied. With the constant barrage of laptops, iPads, smartphones, and now “smartwatches,” being aware and enjoying someone’s physical company often times falls on the back burner. In this age of hyper-connectivity, Though one would expect the power and art …

4 Reasons for visibility within a supply chain system

Visibility encompasses not only sensing data but also how to analyse it and take appropriate action across a supply chain system. A supply chain system allows collaboration and communication between internal and external trading partners and should give visibility to activities up and down the supply chain. Significant benefits are gained from this end-to-end visibility, …

Basic Understanding of Supply and Demand

Market prices depend on levels of supply and demand. These levels rise and fall according to a number of factors, and can have a big impact on the success of a business. A market is any place where buyers and sellers meet to trade products. The market price is the amount customers are charged for items and depends on demand and supply. …