“You don’t need to know the whole alphabet of Safety. The A, B, C of it will save you if you follow it: Always Be Careful.” – Colorado School of Mines Magazine When we leave for work, we put...
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“We’re not competitor obsessed, we’re customer obsessed. We start with what the customer needs and we work backwards.” ~ jeff bezos Third-Party Logistics (3PL) has become an integral part of modern supply chains. Due to the growing complexity of...
Connected devices powered by the Internet of Things (IoT) technology have become ubiquitous in businesses in the recent past. Businesses that were skeptical of the hype around IoT are now beginning to see the merit of it. The early...
“Selecting the right measure and measuring things right are both art and science. And KPIs influence management behavior as well as business culture.” Pearl Zhu, Author In a data-driven business world to measure the performance of a supply chain...
All the finances that flow in and out of an organization are handled by two processes – Accounts Payable (AP) and Accounts Receivable (AR). Accounts Payable process deals with recording and paying supplier invoices, supplier advances, and employee payments....
In recent times procurement as a core supply chain function has seen a paradigm shift. Earlier various departments within procurement were segmented and operated in silos. Today, businesses have shifted to an integrated approach where all the departments of...
“Simplicity is the ultimate sophistication” ~ Leonardo da Vinci Over the past few years, supply chains have become more dynamic than ever. The pandemic has completely changed the way businesses strategize and perform supply chain operations. As the performance...
“Great things are done by a series of small things brought together.” – Vincent Van Gough In today’s world, consumer choices are becoming increasingly complex. With numerous online and offline purchase options, consumers are expecting more personalized products and...
“Being properly prepared is one of the biggest assets in business.” ~ Keeth Smart Two things are certain in any business – taxes and inventory problems. Let us park taxes for some other day and discuss the latter. From...
“PERSEVERANCE IS NOT A LONG RACE; IT IS MANY SHORT RACES ONE AFTER THE OTHER.” ~WALTER ELLIOT The digital revolution has created a paradigm shift in supply chain management. Going digital is no longer optional for businesses, the digital...