Green supply chain management (GSCM) is exactly what it sounds like: greener, more environmentally friendly practices within supply chain management (SCM). The concept of SCM was introduced and popularized in the 1950s when manufactures found ways to minimize production costs through mass production. As competition heightened within the field, companies increased their awareness of “green” practices, therefore, acting in an ethically and socially responsible manner. The concept of GSCM is to minimize or eliminate wastage including hazardous chemicals, emissions, energy, and solid waste along the supply chain. GSCM can additionally be an initiative to improve process and product performance based on requisites in environmental regulations, as well as reduce environmental risks whilst achieving both financial and environmental benefits concurrently. Today, international trade and markets have adopted environmental practices to integrate into their daily business.
As a business, you have many assets – some tangible, some intangible. Tangible assets are the physical and measurable assets used in your company's operations. They include everything from your properties, machinery, and equipment to your office furniture and stationery. An intangible asset, on the other hand, is an asset that lacks physical substance. Goodwill, brand recognition, patents, trademarks, copyrights, and employees are all examples of intangible assets.
In today’s fast-paced and ever-growing world of logistics, projects are often under a time crunch. As a result, there is a lack of on-hand training in the new software systems being implemented as well. A common solution to these limitations is getting rid of human-to-human or human-to-computer interfaces with the use of an Internet of Things (IOT) system.
A Center of Gravity Analysis is a relatively quick and simple way for network evaluation to be performed. It determines if there is a need for a more rigorous and complete Network Design Study, or if simply the analysis would suffice.
Data analysis is the process of evaluating and examining each component of the data provided using analytical and logical reasoning. It is essential to growth and development in the supply chain industry because it allows your business to make better use of its resources and enhance productivity. At GEODIS, two of our main goals and values are to build trust with our clients and to always deliver a perfect service. By analyzing and providing accurate data, we are able to reach these goals and develop exceptional relationships with our customers.
On May 28th at 6:30 a.m., I woke up nervous and excited for the first day of my summer-long internship at GEODIS. I was surprised I had got the job, but I must have underestimated myself because I secured a position in the internship program the summer after my freshman year of college. Having just turned 18 a few weeks prior to the program’s beginning, I definitely felt out of place when I met all of the other interns on the first day. Most of them were juniors or seniors in college and seemed to have much more experience in the logistics field than me. I began to really doubt myself. After my first day, I had to be reminded that GEODIS hired me for a reason, and if I worked hard, I would be a good employee for the company.
Supply chain costing is the collection, expense assignment, and analysis of cost information across all the work activities comprising a supply chain for the purpose of identifying opportunities to obtain a competitive advantage through a combination of reduced costs or improved performance. Understanding the supply chain’s role in the profitability of your company, and how you can use that knowledge to your company’s advantage, can be your best weapon in the economic battles ahead.
When communicating with clients and partners throughout your international Supply Chain, there are many important factors which must be considered. Here at GEODIS, we have 41,000 employees world-wide constantly in contact with different team members and customers scattered across the globe. Each of us has different requests, concerns, and assignments which require communication and collaboration to successfully complete them. Although we are all striving towards the same goal, the influences of our location and culture are always an undertone to most interactions.
The success of any business is linked to the performance of its supply chain. It doesn’t matter if you are the CEO of a growing corporation or the owner of a developing enterprise, it’s the undeniable truth. At least 50% of businesses, regardless of size, close within 5 years of their launch. The statistics are real, regardless of the industry; 79% of companies with high-performing supply chains achieve higher revenue growth compared to the average within their industry. Contrarily, about 8% of companies with low-performing supply chains report above-average growth. This comparison alone highlights how critical the relationship is between companies and their supply chain. As mentioned before, 50% of businesses fail within 5 years of their launch, therefore, it can be concluded that poor supply chain performance can contribute to business failure.
In a world full of emails, text messages, and Skype calls, the art of forming a lasting and solid customer relationship is dying. 20 years ago, many business deals were made over dinner, golf, or a charity event. Without face to face contact with your customer or spending quality time with them, the chances of the relationship lasting or being one of quality are slim to none. Texts and emails are impersonal and can lack substance. It is quick answers, often without much thought or time put into responses. There is also the issue of tone. So many people can misinterpret one email or text message because they are reading the tone of the email wrong. This causes a multitude of issues and can turn customers off, even if it was not done intentionally. One harmless misplaced comma could affect the simple dynamic of an entire relationship.