Abstract In drop-sip model, product is shipped directly from manufacturer end bypassing a retailer. Benefits of aggregation can be achieved, if the manufacturer can keep some of its inventory at the retailer end on and as needed basis. In addition,…
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…
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…
Abstract Procurement and logistics include market research, necessary planning, procurement decisions, logistics service provider evaluation, and order control. The main thing in advanced logistics is distribution logistics planning, which includes on-time delivery of products to the end user.…
Designed in Canva Abstract Not only manufacturers and suppliers, but additionally conveyors, retailers, warehouses and customers themselves…
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…
Abstract: Brown notes that trucking companies can’t realistically expect to get “lifer” employees anymore – the guys and gals who stick with a company for their entire career. Logistic activities undertaken in-house by the users of the services and the…
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…