The article focuses on the quantifiable impact of packaging in Operations Management along an entire supply chain. The product packaging system is imperative in the supply chain, and its viability is increasing because of a profound requirement to minimize costs, reduce the environmental impact, and largely pertaining to the development of web operations. A typical…
Third-Party Logistics & Your Lean Warehouse PART 2
In order to better understand this article, we would suggest you have a look at PART-1. If you are already versed, continue reading. People, the Most Important Asset Third party logistics provider tends to fabricate an atmosphere in which people are at the focal point. If the ground staff does not comprehend the problems, or…
Third-Party Logistics & Your Lean Warehouse PART 1
Keeping in line with the general business practices, company’s instead of keeping its warehouse operations in-house, outsource it to a third-party logistics provider (3PL). We have come across instances where a shipper demanded more from a third-party logistics than it would from itself. This practice is specifically true as far as continuous improvement is concerned….
How Manufacturers Can Indulge Themselves in Comprehensive, Yet Profitable Trades?
A global economy implies that fair trade can take place across borders to the benefit of both, the buyer as well as the seller, however, from the perspective of manufacturers a global economy simply translates into tougher competition, more demanding customer needs and fast-paced change. In order to succeed in such a competitive environment, companies…
GST in India! What would be the Impact on Manufacturing Sector
India’s complex indirect tax system has affected the progression of the country’s manufacturing sector. With the MakeInIndia and DigitalIndia initiative, the country is on its way to becoming a major manufacturing hub for Asia and the world. However, unless the Tax system is made easier to understand and comply with, the dream will not be…
Impact of union budget on the manufacturing sector
Finance Minister Arun Jaitley has recently announced the Union Budget 2016 which aims at growing the economy at an accelerated rate of 7.6% in 2015-2016. The Union budget has proposed a roadmap for bringing about reforms in various important sectors and is in line with its recent initiatives namely Make in India and Digital India….
Internet of Things – THE IoT CONCEPT
Internet of things is a fascinating concept which has been gaining popularity for quite some time in next-gen technology & product innovation based discussions. The new mind-boggling concept if realized is laden with numerous opportunities for product manufacturers. But you may ask yourself what is actually internet of things? Well, the name is self-explanatory as it…
Invest India: A strategic scheme for accelerated investments & entrepreneurship
Ever wondered why entrepreneurship is so important? Why exactly is it being sponsored & promoted heavily by the government? Before we answer these questions let us take a look at the current business scenario in India and how it has shaped the economy so far. With globalization and liberalization, India has become one of the…
Indian Manufacturing Sector: Buoyant towards a brighter future
As the year 2016 has begun it is time now for the numerous initiatives to begin performing and attracting investors in hordes to look forward to a great future for the manufacturing sector of India. The sector is poised to grow into a US$ 1 trillion industry by 2025 creating up to 90 million jobs…