Category: Blog
5 basic components of a Supply Chain
It has 5 different process which are known as components of Supply Chain Management – Plan, Source, Make, Deliver and Return. Let’s deep dive into each component: Planning is imperative
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The differences between Procurement and Supply Chain
Procurement, based on standards and requirements of goods which need to manufactions and operate, is a process of getting them, while supply chain management is the extended base substructure demanded
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What makes a Supply Chain Sustainable?
In terms of environmental, risk and waste-of-money, Supply Chain sustainability is cause for issues affecting the supply chain or logistics network of an organization. There are several criteria to assessing
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2 Types of Procurement
Direct Procurement is the purchase of the input that a business needs to acquire in order to manufacture its comprehensive products. It can be the raw material that is usually
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7 Typical Issues in SCM
A thriving Supply Chain Management (SCM) asks for cross-functional integration and marketing must play a critical key role. The challenge is to determine how to successfully attain this integration. In
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Value-added Procurement Outsourcing
Keys of a strategic procurement outsourcing which need to take a highly systematic approach are compressed of three fundamental steps. Firstly, procurement providers outsource strategic buying only categories where doing
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6 basic Procurement Methods
Acquiring desired goods at competitive prices accounts for one of responsibilities of the procurement department. Additionally, other related services, included handling all legal procedures associated with accomplishing a contract, budgeting
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What is ‘Supply Chain Service’ ?
Supply Chain is a network between a company and its suppliers to produce and distribute a proper product to the final buyer. The Supply Chain Services include various activities, people,
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5 Important Criteria in a Procurement Contract
A document giving a full particulars of the legally-binding solidarity between a buyer party and supplier party is generally called a procurement contract. Specifically, the supplier is promising to
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What is Supply Chain Management (SCM) ?
Supply Chain Management refers to a system of individuals, organizations, people, activities, information and resources related to specializations of products and services from suppliers to clients. These activities involve the
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