Supplier relationship management (SRM) is the strategic approach organizations use to evaluate, manage, and collaborate with their suppliers to maximize value across the supply chain. Rather than treating suppliers as transactional vendors, SRM focuses on building long-term partnerships that improve performance, reliability, and mutual growth. When executed effectively, strong SRM strategies help businesses: What is […]
Supply Chain
The Ripple Effect of Tariffs on B2B Supply Chains
Global trade is essential for the smooth functioning of supply chains. Tariffs, which are taxes imposed on imported goods, have significant effects on a company’s bottom line. By directly elevating the costs of raw materials and finished products, these trade barriers introduce volatility at every point of a business’ supply chain. In today’s interconnected global […]
Inventory Management & Inflation: Protect Margins
Spooked by rising inflation and shrinking profit margins? You’re not alone. Unfortunately, recent inflation has made everything frighteningly more expensive. From raw materials to shipping and storage, businesses across the U.S. have been plagued with logistical nightmares. After years of record-high inflation rates, the U.S. inflation rate has finally hit a three-year low at 2.5%. […]
4 Back To School Supply Chain Strategies
Staying Ahead of the Curve: Prepare your Supply Chain for the Back To School Season School’s out for summer! It’s time to kick back and relax on the beach…while you make back to school shopping lists using your notes app. As one of the biggest shopping events in the U.S., Amazon Prime Day (scheduled for […]
A Green Supply Chain Delivers Sustainable Growth
Green supply chain practices obviously offer environmental benefits, but these green initiatives have significant economic value as well. Nowadays, it should come as no surprise to businesses that their customers value eco-friendly products. In fact, at least 70% of consumers say they are willing to pay a 5% price premium for more sustainable goods. But […]
Labor Shortage Leaves Supply Chains In Need Of Automation
Surviving the aftermath of the Great Resignation is no small feat. Countries worldwide are facing an historic labor shortage that is costing their economies billions of dollars. Meanwhile, labor force participation rates continue to decline. There’s no one-size-fits-all solution to such a complex, global issue. There is, however, one solution that has the potential to […]
