Inventory carrying cost describes the cost incurred by a business for holding inventory over a particular period of time. Similarly, inventory carry cost is the sum total of expenses which a company acquires as a result of storage. The costs include taxes, insurance, cost of obsolesce, shrinkage, warehouse, damage and relocation. As long there is… Continue reading
Distribution centers or warehouses are constantly faced with the challenges of efficiently optimizing space due to its limited availability. It is no news that running a large-scale warehouse can incur heavy cost on the business. Which is why it is critical for warehouses or distribution centers to run as efficiently as possible and work on… Continue reading
In today’s world, foreign trade management is inevitable for all countries. Inasmuch as, no country can not produce sufficient quantities according to their needs. Sometimes they have surplus, sometimes vice versa and sometimes they can never produce. Countries, the production which is surplus sells the goods to foreign companies in order to have foreign currency. … Continue reading
Cost minimization is a key factor in handling logistics services, and this is becoming a growing interest in quality enhancement. However, Logistics Service Quality is difficult to quantify as it is a function of data gathered from variable client insights on the measurement process over time. The Logistics Service Quality can be defined regarding two… Continue reading
Today we welcome a special guest amongst us in person of Wajeehuddin Ahmed. Wajeeh Ahmed as he is popularly called is currently the Senior Vice President, SVP – Commercial, and is in charge of the entire Shipping and Logistics line of business for Texture Holding & Investment Group globally. Wajeeh, a specialist in versatile shipping… Continue reading
There are a number of excellent Online Logistics Courses available to aspiring logistics professional that offers international professional qualifications in logistics. These Online Logistics Courses brings unique benefits with the standards you would expect from an international organization. The Online Logistics Courses are delivered by accredited training providers. There is a badge of international recognition… Continue reading
The supply and distribution is a complex and above all costly procedure. Many organisations fail to save these expenses due to lack of proper planning. Planning the routes when supplying several customers, located on diverse places, can reduce these costs, time and distance immensely. Therefore, this article aims to illustrate the issues when distributing and… Continue reading
There are so many different facets and books for Supply Chain Management; it can be overwhelming when it comes to actually choosing which reference book(s) to purchase. To help readers I have recommended these 7 Supply Chain Management books for beginners. Some readers have asked me can I recommend Logistics Management books which leads me… 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
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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