Sourcing and Supply Chain

In the 21 st century of a dynamic market and cutthroat competition, the world has witnessed many inventions and trends which have changed the concept of the market from offline to online. E-commerce, virtual markets and internet have made market from local to global. However, the only thing which has not changed is the driving force of the economy and market - “Demand”.  In simple words, Demand is a consumer’s desire and ability to purchase goods or hire services. Consumer’s “Want” becomes “Demand” when it is backed up purchasing power. For any given product, there may be Independent demand, Dependent demand, Inter/Intracompany demand and Service parts demand. Generally, organizations are forecasting independent and sometimes service parts demand, but all types of demand have to be planned for an organization’s supply chain processes to ensure availability when needed. On one hand “Demand” is the driving force for market and easy to understand, whereas on anoth...

  Industry 4.0: Basic understanding and Readiness of India Mankind has witnessed 3 industrial revolutions between 17th to 20th century starting from the first revolution in which machine operation from a steam engine in the power loom industry. Subsequently, mankind has invented electricity which has changed the way of life and gave birth to assembly lines and mass production concept and gives momentum to industrialization worldwide. However, all operations of assembly lines and industry were still totally dependent on manpower and labours which may cause dependence and some errors as well depending on the variation in skills of one labour to another labour. In this time, technology has increased its importance and with the invention of computers and robotics has raised the idea of replacement of manpower with robotics and synchronization of operation with the computer to do the repetitive task without errors and better speed. It gave birth to the 3rd revolution ...

Strategic Inventory Management   Inventory - A Necessary Evil In this competitive global word, everybody is talking about controlling inventory which has the potential to block organizations’ blood i.e. Liquidity/cash flow. But, at the same time inventory is as important as food for an organization without which generation of products/service is not possible. That's why it is necessary evil!!! You may get complete details about strategic inventory management in my attached presentation here which covers What is Inventory? Why do we need Inventory? Cost of Inventory Inventory Components What drives Inventory? Bull-Whip Effect – The role of Information!!! Inventory Performance Measurement Customer Centrality – A Tight Balance Inventory Classification Inventory Planning Strategy Forecasting Techniques and its benefits Inventory Decision Issue – EOQ model I hope it gives you all the required details for understanding the subject and application of the ...

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...