Procurement personnel are expected to situate their thought processes in the personal circumstances of those suppliers they negotiate with.

The total cost to serve distribution expenses should, therefore, be considered before increasing the clock speed of a supply chain.

The rapidly changing demographics has also significantly changed the homogeneous market that we have always been accustomed to over the years.

Instead of treating it as a one-time event, talent management should be regarded as a continuous business process.

Contracts will form the basis upon which audits or risk assessments are carried out

Supply chains are also susceptible to computer network and hardware failures and can lead to data loss.

At such magnitude of spending, even the smallest improvement in procurement will inevitably result in vast gains for the taxpayer’s money.

There is need to maintain a hell copter view and a glass pipe-line view of the supply chain network at every turn along the way.

The supply chain is subjected to varying tariffs, trade agreements and varied government regulations across different international markets.

With the predominant use of smart route planning, supply chain practitioners will be able to select the best routes to use while avoiding unnecessary traffic jams.

A short-term approach of forcing suppliers to reduce their prices often corresponds to a proportional increase in the risk of supplier failure.

Outsourcing is a value-addition strategy that most supply chain professionals should be glad to embrace with open arms.

it is often said that value is always subjective in private life, but pretty darn objective in the commercial environment.