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Procurement process in supply chain management: Identifying the desired focus
- ikram
- May 4, 2019
- 0
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 materials do not delay production […]
A discussion about definition of Supply Chain Management (SCM)
- ikram
- September 30, 2018
- 2
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 Chain about 25,000 companies are […]
About the Gold Supply Chain Management: A brief discussion
- ikram
- September 22, 2019
- 0
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 ceased to be minted as […]