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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?[…]

Why Your Business should perform a Value Chain Analysis?

Why Your Business should perform a Value Chain Analysis?

Introduction & Background In the last few decades, supply chain management (SCM) has evolved into a major discipline on its strength by playing a productive role in improving the competitiveness of industrial organizations by offering benefits like lowering inventories, shorter cycle times, etc. At the same time, it continues to be an integral part ofRead more about Why Your Business should perform a Value Chain Analysis?[…]

How Machine Learning Improves Supply Chain?

How Machine Learning Improves Supply Chain?

Machine learning (ML) as a technology has been gaining traction across multiple business segments (e.g., consumer behavior, e-commerce, financial services, health care sector, logistics) because of its ability to solve problems in a practical business setting.  It, therefore, becomes necessary for the executives across the businesses to understand fundamentally what ML is about and howRead more about How Machine Learning Improves Supply Chain?[…]

7 Ways to Optimize your Inventory Levels

7 Ways to Optimize your Inventory Levels

An understanding of the inventory and the role it plays in supply chain management, its cost implications, and ways and means to optimize it are all essential issues in determining your business’s profitability. In this article, to increase your practical knowledge that would go towards making your business gains a competitive advantage, we would elaborateRead more about 7 Ways to Optimize your Inventory Levels[…]

How to reduce waste in E-commerce fulfillment?

How to reduce waste in E-commerce fulfillment?

E-commerce fulfillment is hail as a new wave because of its ability to offer an infinite variety of products at lower prices conveniently and efficiently to the customers. In which acknowledged as superior to the brick-and-mortar business model. With giants like Amazon embracing it (e.g., fulfillment by Amazon: FBA), it has been gaining momentum toRead more about How to reduce waste in E-commerce fulfillment?[…]

When should you start using Kaizen techniques?

When should you start using Kaizen techniques?

  For any manufacturing operation to succeed, it is necessary to optimize the workflow. Optimizing workflow has to find a starting place. In this regard, Kaizen is a time-tested set of techniques that comes in handy. In this article, we discuss concisely as to when you should start using Kaizen techniques. Before that, an elucidationRead more about When should you start using Kaizen techniques?[…]

What is manufacturing lead time and how to reduce it?

What is manufacturing lead time and how to reduce it?

For being viable and garnering profitability in your business, it is not natural but also makes sense for you to aim for generating a high demand for your product. To meet the market, you must plan and synchronize the deliveries to convert the market into supplies and revenues. It means that you have to payRead more about What is manufacturing lead time and how to reduce it?[…]

The What Why and how to optimize the Work in Progress (WIP)

The What Why and how to optimize the Work in Progress (WIP)

  The saying ‘what is not track is not manage’ would apply aptly to work in progress(WIP). For the reason that businesses tend to neglect tracking of the WIP on the factory floor, ostensibly due to their tendency to focus on other priorities, say, cost. It becomes challenging for such of them to manage it across theRead more about The What Why and how to optimize the Work in Progress (WIP)[…]

How to increase the Service Level in Supply Chain and Operations Management

How to increase the Service Level in Supply Chain and Operations Management

A salient objective of any business is to deliver the next-generation services, which are geared to propel growth. This article focused on throwing light by elaborating on the ways and means to increase the service levels. Wherein the ultimate thrust is on taking your business to the next level, which would accelerate growth. We aimRead more about How to increase the Service Level in Supply Chain and Operations Management[…]