Sourcing and Supply Chain

With modernization in lifestyle and evolution of technology, its acceptance in day to day life and business has increased never before. If Artificial Intelligence (AI) and Internet of Things (IoT) are buzzwords of last decade, then the upcoming decade is of “Blockchain Technology” for sure. It is a revolutionary technology which is operating most popular cryptocurrency namely “Bitcoin” – It is the first successful application of Blockchain came into existence in the year of 2009 by Satoshi Nakamoto. The Economist described the Blockchain as the most important advancement in recordkeeping since the inception of the double-entry bookkeeping system in 1494. Blockchain is a data structure that holds the transaction records with security, transparency and decentralization. It is a chain of immutable blocks and not controlled by a single authority. It is an append-only and distributed ledger technology that is operated by a peer-to-peer network mechanism that records and validates d...

Supply Chain – Most Critical Factor for Winning   I n the era of online trading, marketing and deliverance of your brand or company to any corner of the world is quite easy but it is not the case when you need to deliver your products/services at those places. Hence, in such evolution of information and internet, the market is not limited to geographical boundaries but winning in any business comes with a foolproof solid supply chain which delivers intact material in shortest possible time with optimum cost. Nowadays, Supply chain is not limited to just movement of goods or deliverance of services but it is actually a lot more. According to SAP Hana, now every industry has mainly 2 types of flows which is supply chain and funds/cash flow. It shows its importance which is as equivalent to funds to run the business. For any food industry, the supply chain plays a major role looking to perishable nature of goods and freshness is prime important criteria. Y...