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…
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 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…
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…
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…
Introduction: In a supply chain management, the first decision the shipper need to take, whether they will make transportation in-house or use a third party carrier. Usually, using third party carrier is mostly found. Using a third party carrier arises…
Abstract The popular definition of Lean Manufacturing and the Toyota Production System conventionally consists of the following: To solve the quandary of waste, Lean Manufacturing has The TPS is often used interchangeably with the terms Lean Manufacturing and Lean. Even more importantly, a Lean process is characterized by Lean and the Toyota Production System. The main reason of Lean Manufacturing or TPS is every step of manufacturing should be improved. Lean manufacturing involves never ending efforts to eliminate or reduce “Muda“, a Japanese term used to reduce waste, which does not add value to Supply Chain while make design, manufacturing, distribution and customer service processes in the respective Supply Chain. Things are visually displayed: For communicating with all sorts of people in the factory /supply chain unit visual displays are used as a great tool in the lean manufacturing process.Some techniques used in Lean Manufacturing to eliminate errors of the equipment operator. Keywords: TPS,Muda,Lean, 5s,Six Sigma etc. Introduction: Lean manufacturing is a synchronized method with which a supply chain can eradicate waste from its production process. According to customer needs, production…
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…