Scott Koegler

Scott Koegler

Scott Koegler is Executive Editor for PMG360. He is a technology writer and editor with 20+ years experience delivering high value content to readers and publishers. 

Find his portfolio here and his personal bio here

3 Issues in Managing a Supply Chain

With the rising globalization of different operations from manufacturing all the way to warehousing, having a network of procurement which is capable of supporting and reacting to the needs of the supply chain is a challenge. In fact, many procurement professionals believe that selecting a supplier who is capable of providing manufacturing locations consistently and offering a reliable service is a challenge. Effective management of the supply chain enables businesses to track products and raw materials required for the manufacture of their products. It also enhances optimization of inventory levels and reduces costs which in the process lead to synchronized supply and demand.  

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How Blockchain is Will Be Used in the Supply Chain

Managing today’s supply chain can be highly complex. Depending on the items or products involved, supply chain may involve hundreds or even thousands of stages, different geographical locations, payments, entities and even number of days. As a result of this complexity and opaqueness, many professionals believe that blockchain is the silver bullet which could transform the challenges encountered in this sector. So from this point of view, how is blockchain likely to be used in the supply chain to sort out the current challenges? Here we look at the unique characteristics of blockchain and how it can help in the supply chain.

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Supply Chain Hacking is Gaining Momentum

Supply chain hacking and attacks present one of the most dangerous forms of hacking in the modern age of advanced information technologies. By getting access to the supplier’s network and hiding malicious code within the hardware, software, and apps in the supply chain, hackers have the capability of infecting thousands or even millions of computers within a very short time without the slightest evidence of foul play. This new trend shows that hackers are exploiting it to wreck havoc to unsuspecting manufacturers of electronic devices. The security sector and manufacturers are discovering the threats posed by supply chain hacking where attackers tend to focus on software providers instead of hackers hacking networks or devices directly.

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