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
Every business person understands that the essence of inventory in the running of a business is huge and should not be overlooked. The reason for this is that overlooking may lead to a number of challenges for a business. Such challenges vary from missed sales, high inventory carrying cost, warehouse space issues, poor customer delivery,… Continue reading
Supply Chain Risks are usually seen as the (un)desired result of an event which could occur with a probability, have an impact and a degree of manageability in mitigation efforts. Three elements which together will be expressed as the Risk Priority Number (RPN). The higher the RPN, the more important is the risk and the… Continue reading
As per January 2020, a new set of Incoterms® 2020 will become active. This is a set of trade terms which describe: Obligations: Who does what in organizing the carriage, insurance of goods, obtaining shipping documents, arranging for export or import licenses; Risk: Where and when the seller delivers the goods, in other words where… Continue reading
A firm’s raw material sourcing knowledge can be a strategic resource. China is notably a vast country with a fantastic workforce that ensures several products can easily be exported at affordable rates. Importing building materials from China comes with several benefits’ dependent on your personal or business needs. For building materials from China, the wholesale… Continue reading
When we enjoy the delicious fruits, do we really think how the fruit supply chain works? This summer I was in Karachi and searching for my favourite fruit Mango and found this guy in the image and asked him how old is the crop, and he passionately explained to me they arrive in the same… 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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