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When making a purchase, businesses need to pay attention to a few pieces of information and purchasing lists. These common requirements are condensed and known as the “5 right”: right quality ingredients, right time, right quantity, right price, and the right source. However, Procurement activities also have potential risks that can cause delays and reduce supply chain efficiency. More seriously, it can affect the reputation of the business. Aware of the above problems, CJ GMD introduces to you 4 risks associated with common solutions in Procurement that businesses need to grasp and develop an improvement and development plan.

According to CNBC, excessive inventory levels have put pressure on the profits of many companies, leading to surplus supply and the inability to reduce storage costs. In a recent CNBC survey, 36% of respondents said they expected inventory levels to return to normal in the second half of this year, 21% hoped for normalcy in the first half of this year, and the rest hoped for the first half of 2024. However, supply chain managers cannot be certain about the timing of inventory relief.

Currently, the development of international trade relations requires increasingly professional logistics services. Therefore, we need to have a deep understanding of the nature of 1PL, 2PL, 3PL, 4PL, and 5PL services in logistics to know about the types of logistics services. Specifically, what are 1PL, 2PL, 3PL, 4PL, and 5PL, and how can we distinguish these types of services? To help you have a "simple" view of logistics service models, please read the article below:

In his speech at the Global Supply Chain Week on March 7th, Julian Van Erlach, Senior Vice President in charge of supply chain at FabFitFun, posed three questions to help logistics managers leverage their transportation network and reduce costs for customers.

The classification of warehouses is extremely necessary when this is the first basis to help businesses determine the goals and tasks in using the warehouse. Therefore, in the article below, CJ Gemadept Logistics will introduce the top 7 popular warehouses in the supply chain.