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Seven rules for effective forecasting

Seven rules for effective forecasting

Principal Keyword forecasting vs. planning To do justice to understand the salient rules of effective prediction better, we have structured this article in a manner that first explains the difference between forecasting and planning. So that the real scope of forecasting and its importance and limitations to the organizations better appreciated. Forecasting Forecasting refers toRead more about Seven rules for effective forecasting[…]

Five steps to effective network planning

Five steps to effective network planning

Logistics network Supply chain/ logistics managers and specialists never have it that easy as their tasks are complex and placed in a delicate situation of evaluating trade-offs between different supply chain components/ logistics networks amidst constraints. Otherwise, they may not be able to deliver what their organizations want, which is optimizing costs and maximizing theRead more about Five steps to effective network planning[…]

Sourcing material using Lean Manufacturing Principles

Sourcing material using Lean Manufacturing Principles

The principal objective of this article is to discuss the sourcing of materials by using lean manufacturing principles. First, we discuss the relevance for your business, and after that, which we navigate through the other aspects that would be following the achieving of the objectives set for the piece. The Relevance¬† The cardinal objective ofRead more about Sourcing material using Lean Manufacturing Principles[…]

What are Supply Chain Network Design and How Does it Work?

What are Supply Chain Network Design and How Does it Work?

Principal keyword Supply Chain Network (SCN) Introduction In this article, we would discuss the topic as to why the supply chain network (SCND) should form an integral part of your business. What they are, and how does it work. The tone of the article would be a mix of theory. And practice so that itRead more about What are Supply Chain Network Design and How Does it Work?[…]

Tips for managing your online inventory

Tips for managing your online inventory

E-commerce inventory management plays a critical role in determining the profitability of businesses. It is all for small and medium business enterprises (SMBs) due to the fiercely competitive environment. In which they operate and the necessity for them to realize value for their investments in terms of returns (ROI). For a reason, finance for theirRead more about Tips for managing your online inventory[…]

Cost and savings when introducing Kaizen in your SME business

Cost and savings when introducing Kaizen in your SME business

The objective of this article is to establish a business case for the introduction of Kaizen in the SME business. That it is beneficial by bringing cost reduction is taken to be visible. Still, in reality, it is not so because of explaining it to the cost-conscious business owners who always have competing requirements forRead more about Cost and savings when introducing Kaizen in your SME business[…]

Leadership and continuous learning in the Supply Chain

Leadership and continuous learning in the Supply Chain

Leadership is about motivating the colleagues and the team to facilitate them to make responsible decisions and actions at the right time individually as well as collectively, wherein the output has to be making the ‘impact.’ Some of the characteristics, which the leaders exhibit, like authenticity, commitment, integrity, risk-taking, not defeated by unexpected outcomes, distinguishRead more about Leadership and continuous learning in the Supply Chain[…]

5 Keys to Creating a Sustainable Supply Chain

5 Keys to Creating a Sustainable Supply Chain

Introduction The sustainable supply chain has become a prerequisite for the successful operation of businesses. They face calling for a range of solutions due to the diverse challenges. Through sustainable supply chain enables the introduction and implementation of collaborative abilities in vertically integrated firms. It at the same time, it keeps intact the flexibility andRead more about 5 Keys to Creating a Sustainable Supply Chain[…]

How to find the right manufacturer or supplier for your products?

How to find the right manufacturer or supplier for your products?

Introduction Choosing the right manufacturers and or suppliers is mandatory for you if you have to succeed in your business as it forms the basis for providing the most appropriate goods at suitable prices within the right framework of time. In this article, we discuss more in detail as to why it is essential, theRead more about How to find the right manufacturer or supplier for your products?[…]