Digital Twins in Supply Chain: Enhancing Visibility and Decision-Making
In today’s dynamic marketplace, the integration of cutting-edge technology is essential for businesses striving to stay ahead. Digital Twin in Supply Chain represent a groundbreaking advancement, offering unparalleled visibility and decision-making capabilities. This transformative technology leverages digital replicas of physical assets, processes, and systems, revolutionizing traditional supply chain operations. From enhanced monitoring to predictive analytics, […]
Resolve Your Supply Chain Bottlenecks With These 5 Effective Tips
Supply chains are often underestimated in terms of their fragility. Bottlenecks in your supply chain can cause big problems for your business. Some common reasons for these issues include not storing stock properly, having inefficient ways of working, not having clear rules for how much inventory you need, not having enough resources or people to […]
Guide to 9 Best Warehouse Picking Practices
Picking is a critical aspect of fulfilment in the supply chains which encompassess the selection and retrieval of items for customer orders. There are several picking practices that supply chains can follow to improve their overall order fulfilment. There are quite a few practices that can make the process more refined with higher accuracy. It […]
Mastering Your Inventory: A Comprehensive Guide to Understanding and Managing Different Inventory Types
Businesses need various factors to work well, and one of the most crucial is keeping customers happy. After all, without customers, there’s no business! But how do companies attract and retain customers? By managing their available goods through different types of inventory. Inventory is at the core of every retail brand. It includes three crucial parts: […]
8 Inventory Management Strategies to Elevate Your Business Performance
What is the one thing that is common between large-scale and small-scale enterprises?- it is effective inventory management. It influences everything from customer satisfaction to overall profitability. Having proper inventory ensures that the business runs smoothly and the customers get the items on time. It also ensures proper storage and keeps track of stock supply […]
Understanding Lead Time In Supply Chain: Strategies To Minimize Delays
Understanding lead time in the supply chain is crucial for businesses striving for efficiency. Lead time refers to the duration between placing an order and receiving the product. It encompasses various stages, including manufacturing, transportation, and handling. Effective management of lead time can significantly impact customer satisfaction, inventory management, and overall operational performance. In this […]
Supply Chain Disruption: 8 Ways To Reduce It And Minimise Risk
Desperate times call for desperate measures. This saying is applicable even for supply chains. Before the pandemic, most people did not know how supply chains worked. But during the pandemic and even after it the perspective has changed. Due to global shortages and delays, businesses suffered across industries and the world. Since then, the supply […]
Vendor Management – Process, Meaning, Definition, and More
Organisations and companies have various vendors or suppliers who help them to acquire certain parts or products. The process of communication and managing them is popular as vendor management. It has another name-supplier management as it plays a key role in selecting the right vendor for a particular business need. Additionally, companies also use supplier […]
What is Vertical Integration? (Strategies, Process, Benefits, and Things you Need to Know)
If a company wanted to streamline its operations without any middleman then it would need vertical integration. But what is vertical integration? This type of integration allows companies to directly take ownership of various stages of their production process rather than rely on external contractors or suppliers. So, how can a company achieve this? Companies […]
WIP Inventory (Work in Progress): Meaning, Significance and Use in Supply Chain Industry
In the dynamic landscape of the supply chain industry, efficient management of inventory stands as a cornerstone for operational success. One of the types of inventory-WIP inventory or in-process inventory is a critical and intricate type that is extremely important for supply chains. Work-in-progress inventory refers to partially completed goods in various stages of production. […]
Significance of Supply Chain Ethics: What Is It and Why Does It Matter
Studies by Deloitte show that consumers want businesses to operate at the highest levels of accountability and standards. Government legislation has encouraged more responsible business practices and supply chain transparency. They did so owing to the recent social, economic, ethical and environmental concerns. That is why supply chain ethics is important. It is an integral […]
Unveiling Intralogistics: Optimising Your Warehouse Operations
In simple terms, Intralogistics or internal logistics is the process of optimising,intеgrating, automating and managing the logistical flow of information and material goods within the supply chain or a warеhousе. It refers to planning, installation, execution and control of all material flow in the warehouse. To do so, there are conveyor systems along with information-supporting […]
