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Logistics

TRAVELING SALESMAN PROBLEM & THE 8 “RIGHTS” OF LOGISTICS

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.

Inventory Management

The ABC-XYZ Inventory Management Model – Align Planning Parameter with Business Goals

Why Consider Inventory Management Model? One of the leading problems in SCM is the optimization of inventory. Inventory is actually a consequence of other business parameters

Career Advice, Logistics, Procurement, Supply Chain Management

5 Reason why Your Finance Manager is Amongst Your Key Supply Chain Stakeholders

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

Inventory Management

6 Basic Benefits to Adapting ABC Analysis of Inventory

Inventory management is a critical task of tracking the flow of goods in and out of the inventory. As an inventory planner/manager you want to

Lean Six Sigma, Procurement, Supply Chain Management

Lean vs. Agile Supply Chain – Can You Have One Without the Other?

Lean vs. Agile Supply Chain – Can You Have One Without the Other? [Infographic] Can you run an efficient manufacturing and supply chain organisation without