2018-04-18 by Mark Harrington
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Few predicted the 2017 surge of Bitcoin, the cryptocurrency that grew over 400 per cent in a matter of months. Yet while Bitcoin has fluctuated since then, the technology behind it—namely the blockchain technology that makes Bitcoin secure—has begun to inspire many different industries. A blockchain compiles user transactions into a permanent ledger of data ‘blocks’, which are accessible across a network of designated servers. Users store new transactions as public blocks, but cannot alter the data of any past block in the chain. Capitalizing on the technology’s defining security feature, leading businesses are now integrating blockchain to improve traditional supply chains.
Are you curious to know how blockchain might be the future of supply chains? Read on to find out more.
Blockchain Could Mean Greater Transparency and Lower Costs
Proponents of blockchain cite the transparency of a shared platform, which could allow businesses to track a product on a single network from manufacture to delivery. Companies could assess the speed and quality of their services at each phase of the chain, as each new transaction is immediately made public. Since data blocks are accessible to all ‘permissioned’ transaction parties, blockchain would reduce communication errors and streamline central administration procedures. A permanent transaction record would also guarantee greater security for high-cost assets, discouraging misappropriation and fraud throughout the chain.
Increasing efficiency means cutting costs. Blockchain promises optimal supply chain management, allowing businesses to cut unneeded outsourcing and reduce expenses. Lowering the risk of lost assets would also help companies maintain good industry standing, reassuring stakeholders and attracting new business.
Blockchain could be a competitive advantage for businesses cutting supply chain costs
Blockchain Remains to Be Proven as an Industry Standard
While giants like BHP Petroleum and IBM now operate blockchain networks, the technology has not become standard practice for supply chains. Throughout the logistics industry, businesses are still determining the best uses for blockchain—an important consideration for students in supply chain courses. As IBM research shows, blockchain is only necessary when the chain involves multiple entities, including regulators, customers, and suppliers. For business operations on closed networks, a simpler database is likely more effective.
The integration of blockchain also poses important infrastructural challenges. Above all, participating entities need to update data storage capacities to accommodate the technology. Businesses keen to integrate blockchain must think not only of how the transition will affect their operations, but also those of collaborating entities. Since supply chains often run through different countries, the success of blockchain will also vary across the business regulations of national jurisdictions.
Students in Logistics Training Can Look Forward to New Industry Developments
As these questions continue to weigh on industry experts, students in logistics training can look forward to potentially exciting new developments. In addition to BHP and IBM, Oracle and SAP are working closely with their customers to refine blockchain networks. Progress with these pilot programs could shape industry perception of blockchain’s benefits over current supply chain practices.
While the technology is promising, an industry-wide transition might only occur through a ‘critical mass’ effect, once businesses must adopt it to avoid being left out. If a total shift occurs, compatible businesses might even pursue joint opportunities with a blockchain marketplace. However, time will tell just how these potential developments will unfold.
Blockchain could help businesses of all sizes connect with their customers
Are you interested in supply chain & logistics careers?
Contact the National Academy of Health and Business to know more about our programs!
2017-12-13 by Mark Harrington
Today’s globalized world has created a pressing need for the fast and accurate shipment of goods. Dizzying amounts of food, consumer products, medications, and all kinds of specialized equipment are sent from here to there every single day, often with tight deadlines to meet. With the emergence of new technology and consumer trends, the challenges of offering timely and accurate delivery of goods will almost certainly grow more complex.
Within this promising environment exist many possibilities for those with the right training. Curious about how studying logistics and supply chain coordination could be a great move for your future? Here are some of the biggest reasons.
1. Good Pay and High Demand Come With a Career in Logistics and Supply Chain Management
Simply put, one of the best and biggest reasons to consider a career in logistics and supply management is that the career outlook looks great for the coming years. In fact, the Government of Canada has rated the employment outlook for this sector a solid two out of three stars for all of Ontario, observing that “employment growth is expected to be strong” and that “a large number of people are expected to retire.” Randstad has also noted that “At any given time, there are 23,200 logistics jobs posted in Canada,” and that “It takes recruiters 55 days to fill logistics jobs, well over the national average of 45 days.” To complete training in logistics and supply chain management, then, is to transform yourself into someone with skills that are perpetually in high demand.
Logistics professionals are in high demand across Canada
In addition to having many career opportunities, professionals looking to embark on a career in logistics and supply chain coordination can look forward to a very respectable salary once they are established in their field. If you are searching for a career that can help you achieve financial stability, careers in logistics and supply chain coordination are an excellent opportunity to be explored.
2. A Career in Logistics Could Include Opportunities for Travel
Having an in-demand career and a good salary are far from the only reasons to get excited about a career in logistics. Depending on the particulars of a given position, one might be expected to do contract negotiations, work with international partners, and arrange purchasing. These are all activities that can take place remotely, but can sometimes include travel. After completing logistics courses and entering the workforce, you could well find yourself enjoying an occasional business trip as part of your responsibilities. If you’re someone who likes to get out and see the world, the right career in logistics could help you do so.
3. Graduates of Logistics Courses Will Rarely Be Bored on the Job
The fast pace and sheer variety of activities necessary to effectively ship goods means that a career in logistics always presents new puzzles to be solved, new relationships to build, and new tasks to complete. It’s a career that has variety coded into its DNA, and is therefore a perfect fit for individuals who love to keep busy doing different things.
There is no shortage of diverse, interesting work to do in logistics careers
If you think you’d be interested in stepping into this fascinating professional landscape, enrolling in good logistics and supply chain training is essential. Doing so can help you gain a good understanding of how best to complete the many aspects of logistics planning, and allow you to step into your new career with the confidence and ability necessary for success.
Do you want to secure a rewarding and engaging career in logistics?
Contact National Academy of Health and Business to sign up for supply chain courses!
2015-11-18 by Mark Harrington
What do Apples and Zombies have in common?
If you can eat it, see it, use it, wear it or scare the living daylights out of someone with it – it came from somewhere. From the apples in your fridge to the zombie costume you ordered online. Getting virtually anything from point A to point B is all about supply chain management and logistics.
While the name of this career choice may seem a little uninspiring the reality is quite the opposite – this sector is headed for unprecedented growth and offers you incredible long-term career potential. In fact, with a median salary of $61K this is one of the few careers that doesn’t require a university degree to secure a position or to move up within the ranks of an organization.1
What interests you?
Are you a die-hard believer in delivering organic produce with a minimal carbon footprint? Would figuring out how to transport the mass operational needs of urban planning projects quicken your pulse? How about swiftly assembling and delivering medical aid to disaster sites? Perhaps becoming a custom broker for individuals selling unique one-of-a-kind items feels like your niche? Whatever your desire supply chain training and logistics courses prepare you for a career that matches your interest. Very few industries can make this claim. And the biggest benefit: working in supply chain management and logistics gives you the advantage of being employable on any continent in any country in any sector around the world.
Unprecedented Career Growth and Opportunities2
- As of 2012, there were over 800,000 Canadians employed in some aspect of supply chain occupations.
- From 2012-2017, it is anticipated that there will be an additional 65,000 new and vacant supply chain positions each year for the next five years totaling over 350,000 positions.
- From 2012-2017, it is expected that the number of supply chain employees will increase from a rate of 8.4% for tactical occupations to 14.9% for managerial occupations.
You already have Job Experience in this Sector.3
That’s right. If you already have experience in financial planning, forecasting, knowledge of international business practices, knowledge of laws and regulations, mechanical skills and general business management you’re already on your way to breaking into this ever-growing sector. And, there are sub-functions within the supply chain sector that will help you leverage your existing experience in warehousing, transportation, inventory management, purchasing, marketing, sales and customer service.
Almost every existing job function contributes to either a main or sub-function within the Logistics and Supply Chain Management – meaning you’re already bringing experience to the role… before you begin.
Supply chain courses and logistic courses help round-out your experience with the knowledge you’ll need to succeed.
Common Career Paths in Canada3
Industry Accreditation and Support4
Should you choose a career in this field you can easily add credibility to your resume and help build your career by joining the Supply Chain Management Association.
Membership is available to anyone with an interest in supply chain management and you’ll gain access to best practices and professional development courses, the latest research and trends within the industry as well as exposure to numerous career and networking opportunities. 4
Are you interested in learning more about Supply Chain and Logistics Courses or obtaining your Supply Chain and Logistics Diploma? Visit the NAHB for more information or to speak with an advisor today.
For more information please visit: https://nahb.schools.consulting/
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2The Canadian Supply Chain Sector Council Human Resources Update Study
2015-10-14 by Mark Harrington
A transparent supply chain means that when customers get a product, they know exactly where it was made, what it’s made of, and how far it has travelled to reach them. In the past, looking up all that information would have been difficult for the average customer to do. But, today, that information can often be found right on company websites.
Why are companies making their supply chains more transparent? As it turns out, there are many advantages that come with a transparent supply chain. From boosting consumer confidence to ensuring product quality and safety, students enrolled in supply chain and logistics programs learn about the many advantages of a transparent supply chain.
If you are planning to enroll in supply chain courses, read on to learn why such courses promote supply chain transparency and why graduates from these programs can be a huge asset to any company.
1. Transparency in the Supply Chain Ensures Product Quality
Professionals working in logistics complete supply chain courses, where they learn to evaluate the cost and quality of goods. With their specialized training, they can help companies keep product quality high—which is an important part of keeping customers satisfied.
Companies that don’t carefully supervise their supply chains can sometimes run into problems with product quality. For example, in 2013, European consumers were shocked when product quality tests revealed that some burgers claiming to be beef also contained horsemeat. Many customers were upset, and stopped purchasing burgers affected by the scandal.
2. Transparency Promotes Product Safety
Supply chain and logistics professionals play an important role in product safety. With their expert training, they know what to look for when negotiating contracts with suppliers, and how to keep goods safe and secure while they’re being transported. They also help make that information accessible to consumers, and keep any potential dangers properly labelled.
These skills can help companies ensure that foods containing allergens like peanuts, for example, are properly labelled. Even when a product doesn’t contain nuts, logistics professionals know to carefully check the supply chain to make sure that no ingredients came into contact with allergens in factories, warehouses, or other potential points for contamination.
3. Logistics Courses Promote Ethics in the Supply Chain
As students completing their supply chain training will learn, many customers are willing to pay a premium for products that are ethically sourced. In fact, many companies that sell products like conflict-free diamonds and fair trade products will put information about their supply chain front and center in their ad campaigns and other promotional materials.
For these companies, their reputation often relies on their supply chains. With the help of trained professionals that have completed logistics courses, these companies keep their supply chains transparent so that customers can be sure they’re purchasing an ethically-sourced product.
4. Transparency Helps Decrease Environmental Impact
Many students looking for a satisfying and in-demand career enroll in supply chain and logistics courses. That’s because supply chain professionals are in-demand, and graduates with cutting edge training can help companies looking to make big changes like going green.
Many customers are now pushing for greener products, and a transparent supply chain that demonstrates a small environmental footprint can boost sales.
To help make important changes in environmental impact, professionals in logistics search for local ingredients, find more efficient ways to transport goods, and make other modifications to the supply chain.
Are you interested in pursuing supply chain and logistics training?
Visit NAHB for more information or to speak with an advisor.