Abstract Decreasing the amount of packaging a firm is using can reduce waste and increase positive public perception of your organization. Ideally, a supply chain will be conscious of the cost cutting importance of recycled materials. Taking an audit…
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…
Designed in Canva Abstract Not only manufacturers and suppliers, but additionally conveyors, retailers, warehouses and customers themselves…
If you’re into business and you want to expand your customer reach, then you might want to consider looking into the most reputable international freight forwarders in your area. They will handle your goods with utmost care and your customers…
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 To run a production system as a whole and to promote improvement kanban is used as tool.The Kanban system was implemented in 1953 in Toyota Company manufacturing process. Those signals are tracked by replenishment cycle, so that suppliers and buyers notice it. They observed that they can view a process as being a customer and proceeding process as a store. Signboards were used to give expression of shipping at the store. Kanban is part of a system where “Pull” comes from the demand. According to Taiichi Ohno , must follow strict rules to be effective, also need close monitoring of products ,so that products with defect should not be sent to subsequent process, produce exact quantity; the process should be tuned finely and rationally. Keywords: Lean manufacturing, Kanban tool, JIT etc. Introduction It’s literally “signboard” or “billboard”. In “Lean” or “JIT”production , it is considered as a scheduling system. From the production point of view , it is a way to…
Abstract “Freight Collect” & “Freight Prepaid” are two shipping terms, which show whether a consignee has the primary liability to the carrier for the shipping charges in a procurement process. EXW, FCA, FOB, FAS etc Incoterm used for “Freight Collect” shipment. Now, we would like to discuss Incoterm which can be used for different “Freight Prepaid” shipments based on Incoterm of Sept 2019 published by ICC, also called 2020 amendment of incoterm. Keywords: International Procurement, Freight Prepaid, Freight collect, Incoterm, ICC, Amendment 2020. Article Introduction Transportation is one of the Drivers of Supply…
Abstract With block chain technology and other technologies like AI can solve most of the supply chain management week points and make it more reliable. The”cryptocurrency” technology is alsoused by some supply chains such as VeChain,Waltonchain – …