All the fun happens between the galaxies… and companies!
In the grand tally of cosmic constituents, galaxies are what typically get counted. Latest estimates show that the observable universe may contain a…
Wikipedia defines Supplier network as the following:
A supply network is a pattern of temporal and spatial processes carried out at facility nodes and over distribution links, which adds value for customers through the manufacturing and delivery of products. It comprises the general state of business affairs in which all kinds of material (work-in-process material as well as finished products) are transformed and moved between various value-added points to maximize the value added for customers.
A supply chain is a special instance of a supply network in which raw materials, intermediate materials and finished goods are procured exclusively as products through a chain of processes that supply one another.
In the semiconductors industry, for example, work-in-process moves from fabrication to assembly, and then to the test house. The term “supply network” refers to the high-tech phenomenon of contract manufacturing where the brand owner does not touch the product. Instead, she coordinates with contract manufacturers and component suppliers who ship components to the brand owner. This business practice requires the brand owner to stay in touch with multiple parties or “network” at once.
In the grand tally of cosmic constituents, galaxies are what typically get counted. Latest estimates show that the observable universe may contain a…
We had a privilege to have a interview with Professor Eero Eloranta. Today he acts as a Vice President of Education at Aalto University….
Every manufacturing executive dreams about it – how to develop a frictionless supply chain in both internal and external operations. This challenge has…
Industrial companies faced new kinds of challenges when the outsourcing boom started in the 1990s. Supply chains and manufacturing capability were no longer…
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