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    Bathtub Curve in Product Life Cycle

    What is Bathtub Curve? The Bathtub Curve is a diagram model made to speak to the disappointment pace...

    Pitfalls of Logistic Outsourcing

    Logistic Outsouring and 3PL,4PL and 5Pl Logistics partners are the common terms in the global business. But, one should consider the pitfalls as well while making decision for Logistics Outsourcing. Here is the list of 10 pitfalls to be considered for Logistics Outsourcing.

    HOW PROCUREMENT CAN BECOME VALUE ADDING FUNCTION IN SUPPLY CHAIN

    Procurement will be considered as a value adding function if the approach is customized and if it is based on the needs...

    Prepare your Supply Chain for Crisis and Beyond

    We all know that It’s impossible to anticipate the arrival of global crises such as the coronavirus outbreak. However, firms can mitigate their impacts by taking supply chain preparedness to a higher level. The best response, of course, is to be ready before such a crisis hits, since options become more limited when disruption is in full swing. Let's explore in this article how should companies re-design their supply chains to operate effectively in a highly volatile world through excellent examples of past and author - @ wisdom & experience.

    Procurement

    Tactical Buying – So Far and How Far!

    Tactical Buying has been evaluated in the evolution cycleof the Procurement function and it is complementary to Strategic Sourcing Function.

    Evolution of procurement / supplier management function

    Procurement or Supplier Management has been evolved as one of the finest profession from simply a buying function. Professional education, technology and supply chain as a function gives it a very good name and fame for aspirants.

    Inventory monitoring & control in a construction company

    Inventory monitoring and control is the major aspect for any materials management dept irrespective of any industry. However, it will be crucial in case of multilocation construction company. It may lead to more resource optimization and fund locking in any company and generates profit.

    Demand Sensing – NextGen supply chain technology

    Under “Demand Management Trilogy”, I have already published two articles. The first article is on “Demand Planning” wherein you can understand it very comprehensively and the second article is on “Demand Forecasting” which is a buzz word in Sales and Marketing industry and give insights to top-management for all important business decision making which helps the business to meet future customer demand. Despite both these concepts are still relevant and provide insights to C-level executives to make strategic decisions, both are missing capability to address the near future demand which is dependent on current and real-time events. To incorporate the capability of anticipating near future demand in traditional forecasting method, a concept of “Demand Sensing” has evolved and it is the topic of the third and final article of “Demand Management Trilogy”