In the face of competition and economic pressures, global supply chains are under more and more pressure to deliver their products at a greater value, on-time and at a lower cost.

But if one link in the supply chain is broken, (for example, a delayed payment or late shipment), the consequences to your business can be problematic.

So what can you do to better manage this process and reduce the downstream strain on your business?

Here are 5 tips for managing your global supply chain: