Abstract: Standard supply chain security arrangements include: creating credentials of participants in the supply chain, finding, validating contents of cargo being shipped, notification of the contents in advance to the destination country, ensuring the security of cargo in transit using lock and other professional means, creating opportunity to inspect the cargo at an entry to …
Abstract The materials are directly required to produce a finished product are called direct materials e.g., personal computer, hard drive etc.Direct materials are required to be available in the right place, right quantity and the right time. Direct materials are related to cost of goods, whereas an an indirect material does not determine cost directly.Indirect …
Abstract: Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to attest the presence of gold in metallic objects, giving elevation to the term acid test.In the past, a gold standard was often implemented as a monetary policy, but gold coins …
Abstract: Revenue Management is the use of pricing to increase profit, although supply is limited in a supply chain asset. To increase the profit margin Supply Chain Managers must use all the levers available, including price. Ideas from revenue management suggest that firstly managers should use pricing as a lever, then they can proceed with …
Abstract: In blockchain technology, if we relish to transmute the data of a block, we have to transmute the earlier block with it, or the whole blockchain would be invalid. When others of the blockchain verify the data it will be permanent and the transaction would be completed. Blockchain technology in transportation management ameliorates efficacy …
Abstract: To serve the customer, Supply Chain Management need to design, plan, execute, control and monitor Supply Chain activities. All stages may not be included in the supply chains. While purchasing deals with purchased goods, materials and services supply chain management discusses about inputs, conversion and outputs.For easy understanding ,we may site an example of US Textile & Apparel Supply …
Abstract: The logistical drivers are facilities, inventory, and transportation. Inventory denotes all raw materials, WIP, and finished goods in a supply chain. On the other hand, transportation involves moving inventory from point to point. Information is data about facilities, inventory, transportation, costs, prices and customers throughout the supply chain, also gives shipping option to managers. Pricing drivers determine the …
Welcome to www.schain24.com supply chain management white papers ! The third party supply chain risk as a result of outsourcing different operations is of authentic concern to supply chains. But it’s the subsequent loss of control over the coordination of activities across the multi-tier supply chain that is engendering the most risk and chaos …
Abstract Logistical operational responsibilities include delivery of goods between suppliers, transporters and company users /customers. For instance, we can say that in the apparel supply chain of Bangladesh, we usually see that inbound goods come to manufacturing facility by the transporters and warehouse assistants receive the cargo, which is provided according to suitable lot size using suitable containers by sea or by air according to urgency of manufacturing needs to fulfill customer requests. Finished goods are loaded to containers per customer request in suitable lot sizes, so that buyer can collect and market the goods in an organized and suitable way.A macro view of logistics Logistical management function may entail some more steps, i.e., locating potential suppliers, determining their accessibility in terms of business production, and forming relationships. If the business operation is size-ably voluminous enough to outsource online operation logistics, in that case the business has to sync their platform with the third party partner. As we know, in a supply chain management, logistics and transportation are intertwined. For e-commerce companies, chat-bots can be employed to avail customers with fundamental queries such as tracking a shipment. Keywords: Supply chain management(SCM), Logistics, suppliers, transporters etc. Introduction: The term logistics refers …
Abstract: A letter of credit(LC) is also named a documentary credit(DC) in the globalized international trade.In recent times blockchain technology is utilized by banks regarding formulation of letter of credit. The ICC regulates the market practices (Documentary Credit 600) in this regard.These include the advising bank that will give the documentary credit to the beneficiary …
