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…
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…
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…
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…
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,…
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…
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…
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…
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…
Abstract A firm value chain is a representation of various processes involved in producing goods and services starting with raw materials and ending with delivery of the finished goods to the customer.Value chain begins with new product development, which creates…