Companies are concerned with multiple risk factors on a daily basis. Why are they blindsided by events beyond their control?
Why would you want your online students to count the number of items of cereal in a small container, a cup, of Froot Loops™? I get asked that question when I suggest that you have your students go to the grocery store and purhase a 1.5 oz container or Froot Loops™. The cost is about $1.25, or if the student has childen you can usually get four for $5.00. This exercise is good for courses in logistics, supply chain management, retail management, hospitality, packaging, marketing, manufacturing and materials management.
By Dr. William Oliver Hedgepeth
Program Director, Government Contracts and Acquisition at American Public University
Who in your organization tracks goods? Who in your organization traces the path of the goods? Tracking and tracing goods is not the same thing. These two terms help define complex functions in reverse logistics, logistics, transportation, and supply chain management processes.
Assistant Professor, Transportation & Logistics Management at American Public University
Reports indicate an increase in global sourcing each year as companies attempt to capitalize on the business benefits of cost reductions, enhanced quality, improved efficiencies, and a competitive edge. However, organizations that participate in global supply chains can be exposed to increased complexity and uncertainty compared to those that operate domestically. If not managed properly, these risks can undermine the benefits of global sourcing.