Procuring materials for the intention of production, sales and service fulfilment is indispensable for every single business. However, the approaches, strategies and implementations differ immensely. We use lot of terms like strategic sourcing, procurement and/or purchasing. In this blog we tried to explain the difference between Strategic Sourcing vs. Purchasing. Strategic Sourcing refers to… Continue reading
Supplier Relationship Management can only occur if both sides obtain some gain from trade that occurs between the supply of goods or services and their exchange for money, is this a good enough reason for supplier relationship management? Probably yes because no one would trade with anyone else if both sides did not gain something… Continue reading
As most of us know, finance is an important function to any organisation as the company has to know how viable its balance sheet and profit and loss (P&L) statement is. The head of this function generally titled as Finance Manager is amongst the key supply chain stakeholders in my opinion. Generally finance managers are… Continue reading
With the ever-growing talent and competition in today’s fast-paced environment, everybody is looking for ways and opportunities to outperform their peers. If you want to enhance your supply chain competencies to further your knowledge and stay updated with the current concepts and technologies in the supply chain industry, you can consider getting a professional certification… Continue reading
Supplier partnership is commonly accepted view for last couple of decades. However, for the history sake I think it is worth writing about how traditional or old view was characterized, the key points were: There are many suppliers on the market, who can produce according to a certain specification. Neither seller nor purchaser is unique…. Continue reading
In my 10 years of supply planning experience I have observed that despite being aware of usual holidays seasons we encounter throughout year, we still find ourselves short of supply during the crucial holiday period which damages customer service drastically, adds significant amount to premium freight, contributing to customer frustration, affecting the overall brand image… Continue reading
Lean vs. Agile Supply Chain – Can You Have One Without the Other? [Infographic] Can you run an efficient manufacturing and supply chain organisation without any lean or continuous improvement tools? Can you grow your company and be more responsive without using any agile supply chain efforts? It may come as a serious disappointment to… Continue reading
Why You Should Hire Supply Chain Interim Staff? In an ideal business world, you have recruited and hired all the full-time staff you need, who, between them have all the necessary skills, expertise and knowledge of Supply Chain Management for all your business needs. Well, more often than not, the reality is, in… Continue reading
Masters in Supply Chain Management why do you need one? By definition, Supply Chain Management focuses on how to economically and efficiently manage the supply-chain systems in place for the smooth movement of the product or service from the supplier to their client thus increasing a business’ competitive advantage. It sounds simple enough! However,… Continue reading
JIT Purchasing different from Conventional Purchasing? Most of us have worked in both some sort of JIT purchasing (Just In Time purchasing) and conventional manufacturing business. However, in the lean environment, the supply chain process should be capable of supporting Just in Time manufacturing. Manufacturers and suppliers have to adopt an appropriate method of supply… Continue reading
Excess and Obsolete Inventory Policy Guide
is a Manufacturing Operations, Procurement and Supply Chain leader from international multi-site manufacturing experience in Electrical, Hydraulics and Internet industries
Latest comments from readers