How did you like that steak you had at the restaurant last weekend?Did your toddler get that measles vaccine?Do you love to wake up to the smell of fresh roses
Together, five key principles work together to help companies meet the main goal of lean inventory management: increased efficiency. The basis of these principles comes from a 1996 book by
Lean inventory management is all about refining how a company handles its supply chain and manufacturing processes, and it’s not just for companies looking to conserve capital or navigate uncertain
There are many tools that are used for the effective supply chain management. These are primarily categorized as: 1. Enterprise Resource Planning Materials requirement planning, which was earlier used to
Business processes have been digitalized in the past couple of decades, and it has become a necessity rather than an option. Why not? IT integrates various operations carried out by
Apart from the above-mentioned basic roles, there are three functional roles of IT in supply chain management. These are: 1. Transaction execution When information flows efficiently between the participants of
IT is leaving a mark everywhere. Nothing remains untouched. No wonder every aspect of a business is now under its command! The role of IT in Supply Chain Management is
Supply chain management is all about producing the right product in the right quantity and sending them to the right place at the right time. It seems simple, but it
Eliminating today’s digital waste and adopting new technologies is a major lever to increase the operational effectiveness of supply chains. The potential impact of Supply Chain 4.0 in the next
Supply Chain 4.0 – the application of the Internet of Things, the use of advanced robotics, and the application of advanced analytics of big data in supply chain management: place