Society, businesses and governments can all be remodeled in the aftermath of the coronavirus happening, and that we hope, towards a lot of sustainable society, thus, students and managers ought to plan to think about this transformation through a positive lens so as to boost supply chains to produce high worth and even a lot of outstanding services to society, since it’s currently extravagantly clear that supply chains are the veins of the whole economy. In line with UNEC for Latin America estimate, the pandemic-induced recession might leave 14–22 million of individuals in extreme economic condition in Latin America than the scenario while not the pandemic. Lloyd’s of London has calculated that the worldwide insurance trade has to absorb losses of US$204 billion, more extraordinary than the losses from the 2017 Atlantic cyclone season and 9/11, suggesting the COVID-19 pandemic is possibly costliest disaster ever in human history. Governments are possibly to take a position and regulate “key supply chains”, like pharmaceutical, personnel protecting instrumentation and agro-food chains so as to make sure national food security. As of 6 July 2020, over 11.4 million cases of COVID-19 are reported in addition for 188 countries and territories, leading to over 533,000 deaths. On a daily basis a lot of cases are reported, and new countries enter the World Health Organization’s (WHO) list of areas wherever the virus has been reported suggested preventive measures embrace hand washing, covering one’s mouth once coughing, maintaining distance from others, sporting a mask at public settings, and observation and self-isolation for people that suspect they’re infected. The COVID-19 pandemic, referred to as the coronavirus pandemic, is in progress as the global pandemic of coronavirus illness 2019 (COVID 19), caused by severe acute respiratory syndrome coronavirus as a pair of (SARS CoV 2).
Keywords: covid-19, global supply chain, supply chain sustainability, economy.
Category: Supply Chain Management
A Lean Logistic Control System : Kanban
To run a production system as a whole and to promote improvement kanban is used as tool. The Kanban system was implemented in 1953 in Toyota Company manufacturing process. Those signals are tracked by replenishment cycle, so that suppliers and buyers notice it. They observed that they can view a process as being a customer and proceeding process as a store. Signboards were used to give expression of shipping at the store. Kanban is part of a system where “Pull” comes from the demand. According to Taiichi Ohno , must follow strict rules to be effective, also need close monitoring of products ,so that products with defect should not be sent to subsequent process, produce exact quantity; the process should be tuned finely and rationally.
Supply Chain Security and business management: An overview
Abstract: Standard supply chain security arrangements include: creating credentials of participants in the supply chain, finding, validating contents of cargo being shipped, notification of the contents in advance to the destination country, ensuring the security of cargo in transit using lock and other professional means, creating opportunity to inspect the cargo at an entry to the destination country etc. C-TPAT […]
5 Reason your Enterprise Need Supply Chain Integration
Supply Chain Integration help in reducing product delays by improving the efficiency of the supply chains. The product delays are largely a by-product of mismatch in information and dis-coordination between the delivery, warehousing, and trading partners. This brings visibility to all parts of the supply chain and helps in giving adequate information about each step that ensures compliance, adherence to the safety standards and product quality. This helps in making supply chain agile and scale-able and gives confidence to the stakeholders to make sure the best practices are implemented at all the level of supply chain operations.
Understanding Revenue Management in a Supply Chain Management Perspective:
Abstract: Revenue Management is the use of pricing to increase profit, although supply is limited in a supply chain asset. To increase the profit margin Supply Chain Managers must use all the levers available, including price. Ideas from revenue management suggest that firstly managers should use pricing as a lever, then they can proceed with the increase or eliminate assets. […]
10 Things You Need to Know About International Freight Forwarders
Some data freight forwarders need from you include full shipping and destination addresses, contact details of receiver, weight of cargo, a list of the items included, dimensional weight, and product description. If your items need extra care, then it’s best to hire a forwarder that specializes in handling such goods. The process begins from transferring the goods to the forwarder’s warehouse to leaving the origin country, unloading and validating the cargo, checking of paperwork, transferring the cargo to its destination office, and transferring it to its final destination. Their professional staff can help with packing your items and storing them, doing inventory management, declaring your items at customs, providing insurance, troubleshooting, and handling documentation .Some of the most common restricted items are alcohol, batteries, biological waste, dangerous goods such as a flammable liquid or toxic objects, prescription or recreational drugs, perishable items, sharp objects, and weapons. If you’re into business and you want to expand your customer reach, then you might want to consider looking into the most reputable international freight forwarders in your area. They will handle your goods with utmost care and your customers will be able to receive them in good condition without hassle. These companies either ship goods through road freight, ocean freight, or air freight.
The blockchain technology: A discussion in the Perspective of supply chain management
Abstract With block chain technology and other technologies like AI can solve most of the supply chain management week points and make it more reliable. The”cryptocurrency” technology is alsoused by some supply chains such as VeChain,Waltonchain – Clothing Supply Chain, Ambrosus Food & Medicine Supply Chain, Modum – Pharma Supply Chain etc.The power of a block chain […]
