Abstract Not only manufacturers and suppliers, but additionally conveyors, retailers, warehouses and customers themselves are included in the supply chain.A typical Supply Chain includes a variety of stages including customers, retailers, distributors, manufacturers, component suppliers.Cycle View of Supply Chain is subsidiary to make operational decisions as role of each member of Supply Chain is defined.It’s …
Abstract Supply chains engender great opportunity to weather forecasting industry to advance.Those who can utilize these kinds of forecasting, they are beneficial to some extent and preserved from loss of weather disruptions.In one hand, impact of weather in many cases increase the cost of supply chain, on the other hand it decrements the visibility of …
Abstract: The retailing organization Zara has suppliers from about 50 countries. Zara is called “Fast fashion” in a segment of the market. Following things in Zara’s ICT try to seamlessly coordinate between organizations and enhance supply chain integration. The organization’s technology improves operational responsiveness to customer, at the same time reduces cost. her main strategy …
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 …
Introduction: In supply chain management procurement of necessary materials and unique services are important for its being viable and worthwhile. And the purchaser can be happy also to get the produced goods and offerings with the aid of the supply chain. For this reason, the procurement method should be applied and controlled properly. Necessary steps: …
Introduction: The business terms “Push” and “Pull” originated in the Logistic and Supply Chain Management. Relative to customer demand, supply chain processes are executed, which fall into two broad categories-“Push” and “Pull”. The Push-Pull view of Supply Chain process: The execution of the Supply Chain process is reactive to customer demand. Then, it is under …
Introduction: There are some materials, which are used for the production of products. But, some materials and services are used as a support of the main production process. Although, the whole procurement process should consolidate orders to take advantage of economies of scale and quantity discounts. The Process: After completion of supplier selection, contact making, product design etc., a buyer-supplier engages …
Introduction: The term “Blockchain” is not new. But recently people are more interest about blockchain technology due to popularity of “bitcoin” and “cryptocurrency”. Bitcoin and cryptocurrency works with the avail of blockchain technology. Therefore, firstly, we require to ken about “what is cryptocurrency?” and “how does it work?” Blockchain technology can help the transportation management …
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 …
Introduction: As Customers are at the end of the network that need certain product or services ,Supply Chain Management is the management of networks and channels involved to serve the customer. SCM covers the movement and storage of raw materials,WIP and finished goods from point of start to point of use the finished goods or …
