The rampant pandemic has made life tougher for businesses across many industries as businesses are left questioning: “How do we ensure timely production and delivery of our products?” The disruption caused by national lockdowns and health emergencies has led companies to experience weakened supply chains, or worse, shutting down their warehouses. As more managers and… 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
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
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
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
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
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
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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