Optimizing operation costs is inevitably a top priority for almost every business, as their plans and strategies revolve around clogging maximum profit margins. With every field being fortunate enough to receive a makeover, shipping methods too have been blessed by the pragmatic effects of technology, and the idea of eliminating large warehouses has been further…
Can Supplier Scorecards Work in Reverse?
Supplier scorecards have become dime-a-dozen in a number of organisations, providing procurement personnel with an opportunity to grade their suppliers performance and offer valuable feedback. However, what if we change positions? And let suppliers’ grade procurement professionals? The idea looked intriguing enough, so we thought we’ll delve deeper and rummage some interesting discoveries. Enabling your…
How an International Freight Forwarder can help Your Business
If you happen to own an international business, you must have been acquainted to those irksome hassles, and headaches regarding shipping of your outbound consignments. After all, establishing reliable vendors, loyal business clients and trustworthy payment gateways, you should worry about what happens to your products when they are exported to your international client. Proper…
Benefits of an Exceptional Material Handling
Material handling, as the name itself suggests, refers to the process involving moving, controlling, protecting, and storing materials, such as goods, items etc. for manufacture, disposal, distribution or even for consumption. Albeit, this process might seem to be a bit plain-sailing, however it entails a lot more than what meets the eye. The process of…
Supplier Relationship Management: How to Mend Broken Supplier Relations
Business and supplier relationships are built on trust. Losing a supplier might be a big setback for any company, however with some time and effort broken supplier relations can be rekindled, which is profitable to both parties. Buyer and suppliers share a symbiotic strategic relationship. Undertaking of any big project is a mighty task, which…
3 Hidden Shipping Costs and How to Avoid Them
A lot of people have a perception about shipping, it being the most strenuous task in a supply chain, demanding the management to be a notch more meticulous than they are required to be for other verticals, and to your surprise even our thoughts ponder on the same note. Shipping demands a lot more attention,…
Impact of Packaging in Operations Management Along a Supply Chain
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…
Using Technology to Foster Relationship between Buyers and Suppliers
Technology improves efficiency and reduces the cost of any process, there’s no doubt in that. However, the problem pertaining to technology is that it’s often under-utilized. When it comes to the supply chain, technology can make a significant impact. Using the help of technology not only internal operations can be improved upon, but also the…
Industry 4.0: Dawn of an Era of Comprehensive Competence in Supply Chain
For the vision of Industry 4.0 to be realized, the most important factor in doing so would be the complete overhaul and digitization of the entire enterprise process. Digitization has to be implemented at all levels from manufacturing, product development, customer relations and the workplace itself, leading to the digitization of the entire supply chain….