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
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
Did You Hear about Drones in Warehousing? It will soon be a decade since academic researchers, technology startups and even some large companies first started experimenting with drones for indoor applications – particularly in the supply chain industry for use-cases such as locating and counting inventory in warehouses or container trucks in yards, and of… Continue reading
As manufacturing and supply chain professionals all of us at some point had looked for Sustainable Packaging Examples. While the world still faces dramatic environmental challenges, there has been a positive shift with states across the globe taking steps to address the problems. Shaun Bryce from Melbourne Packaging Supplies shares ways in which the packaging… Continue reading
Are you finding it hard to understand Lean blogs and podcasts? One of the best resources to getting a full understanding of Lean is through Lean Manufacturing Books. For this year and 2020, the 11 Best Lean Manufacturing Books to read are discussed While Lean manufacturing concepts are simple, theoretically, they are harder in practice…. Continue reading
The typical manufacturing plant is a demanding work environment where technicians, machine operators, and other production staff are under pressure to deliver results as quickly as possible. So how to Motivate Employees working on the shop floor? Such high-paced work environments require that everyone is fully involved and focused on the tasks at hand. But,… 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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