Designed in Canva Abstract Not only manufacturers and suppliers, but additionally conveyors, retailers, warehouses and customers themselves are…
Cycle View of a Supply Chain
Lean manufacturing: A discussion in the perspective of apparel supply chain
Abstract: In the 1990’s a new term “Lean Manufacturing” was dubbed to replace the negative connotations of TPS. In a nutshell, Lean is a philosophical and methodological approach that strives to provide ever-increasing value to the customer through total employee…
Procurement process in supply chain management: Identifying the desired focus
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…
Supply Chain sustainability: The Walmart perspective
Abstract A sustainable supply chain is measured by triple bottom line “Impact on people, profits and the planet”, which are the upstream components of the supply chain.This shift in paradigm usually reflects the understanding that the sustainable supply chains are…
A discussion about Inventory optimization: Use of IMAFS software
Abstract: IMAFS helps knowledge gathering areas, such as, solution oriented and stock availability management, best practices in inventory management, support from experts, evolution of ROI before implementation and simplify integration, proven and rigorous implementation methodology using cloud/SAAS mode, continuous improvement…
Logistics Companies and Selecting a good Logistic service provider:
Abstract Procurement and logistics includes market research, necessary planning, procurement decision, logistics service provider evaluation, order control etc. Main thing in advanced logistics is planning of distribution logistics.It is on time delivery of products to the end user. And it…
Sourcing and Procurement Decisions and Third Party Supply Chain Management Service Providers
Abstract: Supplier Scoring is used to rate Supplier performance.Impact on Supply Chain surplus and total cost is the basis of comparison between suppliers.If sourcing process is effective it improves profits for the firm and total supply chain in various ways. A firm may like to keep a supply chain function in the house if outsourcing increases the third party power significantly. Firms often like to keep the supply chain function in the house, if there is a chance to leakage of intellectual property or other sensitive information, especially when the third party also serves the competitors also.Since late 1990s the trend of outsourcing a greater range of supply chain function has been growing.With more globalization of business customers are looking for players, who can manage virtually all aspects of their Supply Chain, which is being called 4PL.A 4PL is an integrator ,who assembles the supply chain resources, capability and technical areas of its own and other organization to design, build and run comprehensive supply chain solutions. Keywords:Supplier, 3PL,4PL, Sourcing,Supply Chain Management etc. Introduction: Sourcing is the whole set of business processes, which is necessary to buy goods and services required by the Supply Chain. Most important decision…
Letter of Credit and blockchain technology in a Supply Chain
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…