The question of purchasing vs procurement is one of the frequently asked questions. In this blog, we have explained the difference between purchasing and procurement. THE EVOLUTION OF PURCHASING TO PROCUREMENT AND THEIR RESPECTIVE DEFINITIONS. Purchasing surfaced in our world in the first gained prominence during World War 2. It was done as a clerical… Continue reading
Service Level Agreements (SLAs) are a common yet underused tool for supply chain professionals. When deployed aggressively, they can become one of the best accelerants for improvement, not just for operations, but an entire company. We used SLAs heavily at Amazon, where I helped build the ecommerce supply chain that powers Prime, among other… Continue reading
Almost every week I get several messages on LinkedIn and other social platforms usually circle coaching and mentoring requests to aid candidates in preparing for next Logistics Interview Questions. Lots of supply chain and procurement professionals have found my blogs Top 23 Supply Chain Interview Questions and Answers Guide and 21 Authentic Procurement Interview Questions… Continue reading
The use of Supplier Segmentation for supply base implies categorizing suppliers through analysis and prioritization process solely to allocate suitable resources, manage and monitor them. Unfortunately, no one supplier segmentation applies to every business model. Today, segmentation complexities require multidimensional matrices to address all associated peculiarities and risk factors. So, What is the Supplier Segmentation… Continue reading
The ecommerce boom has led to more warehouses and fulfillment companies than almost ever before, making it hard for any company to attract and keep the right talent while having enough physical space to get everything done. Costs are going up and up, which can make outsourcing fulfillment a tantalizing choice. However, there’s a lot… Continue reading
One aspect of life is unfortunate events like Coronavirus occasionally happen due to various planned or unplanned factors. The likely anticipation and preparations for such a crisis remain a crucial aspect of any sensible Business Continuity Plan (BCP). For businesses with warehouse(s), which plays a vital role in its infrastructure, the effects of any crisis… Continue reading
In this day and age, you have instant access to the right tools and information on supply chain and logistics management. How to find the best supply chain resources amongst tons of material available which could not just increase your theoretical supply chain competencies, but also give you practical guides and tools to help you… Continue reading
Coronavirus Impact on Supply Chain is still very much unknown. The unfortunate outbreak of the Coronavirus (COVID-19) in Wuhan, a critical industrial and transportation serving several global markets, has led to several restrictions and limitations for several businesses. In the business world, the response to the outbreak would see a massive impact on the current global… 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
Warehouses are a basic part of any production network. So what are the basic warehouse activities you should focus on to improve? Typically warehouse activities in logistics includes: buffering the material stream along the supply chain to suit changeability brought about by components, for example, item regularity as well as clustering transportation and production; combination… 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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