Enterprise
Strengthening SMEs’ supply chain
Najihah S | 19 May 2017 00:30

Companies often experience setbacks such as inconsistent production lead time, and insufficient, excess or even obsolete inventory. They have employed traditional solutions such as just-in-time and zero inventory to address their supply chain issues.

More recently, there have been further developments in supply chain management to ensure that companies can cope with the challenges in the internet age.

Malaysian Institute of Supply Chain Innovation (MISI) aims to improve the supply chain practices of SME retailers by providing state-of-the-art courses with the collaboration of the Massachusetts Institute of Technology (MIT) and support from SME Corp Malaysia.

SME Corp CEO Datuk Hafsah Hashim said at a recent briefing that the collaboration will ensure all SMEs will participate and fully accept the concept of supply chain management as they are moving towards the era of industrial revolution 4.0.