Abstract Supply Chain managers have to handle the risks that the particular supply chain faces. Some risks emanate from the third party suppliers and logistic provider side, who are engaged to fill up some requisites of the supply chain and consumers. The purpose of this paper is to take a step back and look at what third party risk really […]
Month: June 2018
Bonded Warehouse and Supply Chain Management issues(Part-1):
Supply Chain Management (SCM) involves designing, planning, executing, controlling, and monitoring supply chain activities to increase value, build infrastructure, leverage logistical needs, supply and demand, and measure performance globally. SCM integrates with logistics, procurement, operations management, and information technology. Bonded warehouses are secure areas where dutiable goods are stored without duty payment, managed by the state or private companies. Special Economic Zones (SEZs) are bonded logistical parks with trade arrangements over specific geographic areas, under customs supervision, and integral to the global supply chain.