Editor’s Note: This blog post is from SupplyChainOpz. We found it as a great summation of all the things companies must consider when mastering their supply chain. Many studies state that those who can manage the functions with the supply chain, they have a competitive advantage. As a transportation management third party logistics company, we know at Cerasis that transportation makes up a large portion of the costs and efficiencies of any supply chain. Look at these 7 supply chain trends as a guide to better your supply chain today. Contact Cerasis if you would like help in more effective transportation management.
In this article, Professor Burcu Keskin from University of Alabama will share 7 supply chain trends that working professionals should watch.
As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. Typically, total cost, quality, and delivery performance appear as critical factors in the supplier selection process. However, complex supplier relationships, unreliable sources of material supply, and ever-increasing customer expectations greatly add to the expectations to select the best suppliers and conduct their operations more efficiently.