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What factors should you consider when choosing a right supplier?

What factors should you consider when choosing a right supplier?

Principal Keyword: Supplier Evaluation Scoring, (SES) As a business owner, you cannot afford to leave supplier management to chances for the reason ‘what is not measured’ ‘cannot evaluate in terms of the risks, profitability, etc. Towards this, you need to have a firm understanding of your suppliers’ capabilities of offering you the current products youRead more about What factors should you consider when choosing a right supplier?[…]

Kaizen tools to reduce material waste

Kaizen tools to reduce material waste

KEYWORD: lean manufacturing A top objective of manufacturing units is to achieve increased productivity without having to compromise on quality, but they face challenges in accomplishing it due to high rejects, long lead time in getting the output, unwanted inventory, etc. This leads to higher production costs, financial burden, and an inability to face theRead more about Kaizen tools to reduce material waste[…]

5 Ways to reduce your Delivery Times

5 Ways to reduce your Delivery Times

KEYWORD: lead time Due to the constant changes in customer/consumer behavior, businesses have to align and embrace themselves with changes in supply chains, procurement, sales, and delivery strategies to future proof themselves. They have to be watchful to make on-time delivery every time. And this implies lead time has to be managed well. While reducingRead more about 5 Ways to reduce your Delivery Times[…]

6 tips to get the right packaging for your company

6 tips to get the right packaging for your company

The supply chain plays a predominant role in delivering customers what they need. And an important constituent of this is the packaging. However, the packaging or whatever that is specific to your business needs has to be right by which we mean it has to be one that best fits into the marketing and salesRead more about 6 tips to get the right packaging for your company[…]

6 tips to find the best 3PL for your e-commerce

6 tips to find the best 3PL for your e-commerce

Keyword: dropshipping In this article, we will discuss the concepts of drop shipping, 3PL. And as to why it is beneficial to outsource your fulfillment to the right service providers. We follow it up by navigating you with 6 tips for your consideration that would facilitate you to choose the best ones in this field.Read more about 6 tips to find the best 3PL for your e-commerce[…]

7 tips to reduce manufacturing lead times

7 tips to reduce manufacturing lead times

Principal Keyword Kaizen It may sound ironic, that in a tough competitive environment in which firms operate, reducing manufacturing lead times occupies a singularly critical factor in distinguishing firms. From one another, as it offers a crucial ‘competitive edge’ that makes them stand out. For instance, if firm ‘A’ promises and keeps it up byRead more about 7 tips to reduce manufacturing lead times[…]

What is the difference between MTS and MTO?

What is the difference between MTS and MTO?

Principal Keyword: inventory management Inventory planning is a challenging task, especially in respect of businesses, which have multiproduct and multistage manufacturing activities. The challenge gets further accentuated. As each inventory policy, has to be designed with a set of parameters that has to be tuned to fit every order. For this reason, it is necessaryRead more about What is the difference between MTS and MTO?[…]

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[…]