KPIs (key performance indicators) are the quantitative measuring units that would help you to analyze the performance of your business over time. They allow you to evaluate and analyze …
Product sourcing is one of the key elements of supply chain management and developing a sourcing strategy makes a significant difference. It comprises segmenting the whole process into various …
The supply chain is the backbone of any business, and it consumes a significant portion of its budget. If the SC operational cost is very high, then it would …
Lean and six sigma is a very effective strategic approach in a dynamic business and SC environment. It can’t bring the full potential of improvement if you implement it …
It is no doubt that advanced tools and applications allow you to perform various supply chain operations in a cost-effective and efficient manner. But it makes their SC system …
The taste of the consumer market has developed to a great extent and they want speedy delivery and instant gratification. Traditional supply chain approaches and practices can’t keep up …
Sourcing is one of the key elements of the supply chain process and it focuses on finding a cost-effective and reliable supplier that would provide you necessary supplies timely. …
Supply chain best practices would make sure that the right products and goods would reach the customers at the right time in the right place. They should also be …
The supply chain plays a significant role in the growth of businesses and companies, but it seriously impacts the environment. That’s why businesses and companies are considering sustainable SCM …
Maintaining inventory helps businesses and companies to perform their operations continuously without any delays. Holding excessive inventory would impact the cash flow of your business because you can’t use …
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