It’s no secret that the supply chain has become key to enabling commerce and production around the world. But the employees who manage it have been unrecognized and considered as technicians at best. The Institute for Supply Management found that overdue recognition is finally coming to managers who can take control of costs and processes.
- Written by Victoria Greene
- Category: Management
Data is a topic that’s warmer than lava. The implementation date for the General Data Protection Regulation (GDPR) is 05/28/2018 and if your business isn’t ready for this change in legislation you’ll be in seriously hot water.
The answer is that you should be caring about the security of your supply chain more now than you ever have. In fact supply chains have had a relative free period for many years because… well, because it’s a supply chain and not something hackers can easily monetize. But the games and the stakes have changed.
Supply chain managers are not generally considered to be heroic in their daily efforts. Sure, there are plenty of difficult issues they tackle all the time, but the individual things they take care of generally amount to keeping the business running on schedule - in other words, doing what they were hired to do. Supply chain managers can make themselves more important to their organizations by thinking ahead of their daily operations and keeping an eye on these 4 areas of concern that are already emerging in 2018.
There’s plenty of volitility in the standard international monetary market where exchange rates can vary based on any number of factors. And the recent enormous swings in the value of the most visible crypto currency, BitCoin, are enough to drive money managers running from the concept. But let’s not get confused between crypto currencies, blockchain, and speculation.