If you are a procurement professional you should have heard about 7 step strategic sourcing process, but if you are not a hardcore procurement pro it is likely you might don’t know what it is about. This blog explains 7 step strategic sourcing process with no non-experts. There is a difference between Strategic Sourcing… Continue reading
The wonders of artificial intelligence are reaching more corners of modern industry each day. The simple reality is that in order to stay ahead of their competitors, companies have to welcome Artificial Intelligence into their operations or more specifically Artificial Intelligence in Procurement, using the technology to make long and tedious processes easier for human… Continue reading
Thinking about Digital Supply Chain has now become imperative for business leaders across every industry sector. Analytics applications that can deliver a competitive advantage appear all along the supply chain decision spectrum—from targeted location-based marketing to optimizing supply chain inventories to enabling supplier risk assessment. Digitalisaion in the supply chain will enable to work with… Continue reading
From the early assembly lines to cutting-edge robotic systems, the continually evolving supply chain technologies is Shaping the present and the future. Most recent trends in supply chain technologies focus on a smart, tech-driven solution to decrease operating costs and improve efficiency. These changes are based on leading supply chain establishments having immediate adoption and… Continue reading
ERP System Sucks! It’s true. If you work in a large enterprise, whether in manufacturing, telecom, automotive or retail, you’d know exactly why ERP systems are not what they are made out to be. Rather than making your job easier, they make things much, much more difficult and more complex. We are talking about the… Continue reading
Since 1960 interest into the nature and value of Electronic Data Interchange (EDI) within organizations continues to grow, it becomes increasingly desirable to establish a tactical linkage between the strategic benefits of EDI and observed operational value. Electronic Data Interchange or EDI is the electronic exchange of business data through the use of a standardized… Continue reading
For many decades companies have adopted the strategy of using Commercial-off-the-Shelf Enterprise Resource Planning (ERP) systems to meet their requirements. Almost all of them do come with some known ERP implementation risk. The availability of extensive pre-existing functionality in these are supposed to reduce risk and improve the performance of business (as they claim!). However,… Continue reading
The success and failure of a business can be determined by the efficacy of the inventory management practices it employs. Certainly, poor inventory control can lead to cash flow problems or customer service issues. It is for this reason that few people have asked me on social media if I can recommend some low cost… Continue reading
Old industries are dying and new ones are rising. We have seen Amazon destroy the book stores, Uber transform the transport industry and Netflix make a video store a fond memory. Today’s technological disruption is fast and ruthless and it is transforming most of the industries. But I think we are behind supply chain if… Continue reading
The main benefits of ERP systems are seen as the production of real-time data shared across integration and automation of business processes. This is particularly important in this new business environment where automation, effectiveness and efficiency in operations and real-time data are important factors for business success. Despite all these known benefits of ERP more… 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
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