Optimizing operation costs is inevitably a top priority for almost every business, as their plans and strategies revolve around clogging maximum profit margins. With every field being fortunate enough to receive a makeover, shipping methods too have been blessed by the pragmatic effects of technology, and the idea of eliminating large warehouses has been further…
Can Supplier Scorecards Work in Reverse?
Supplier scorecards have become dime-a-dozen in a number of organisations, providing procurement personnel with an opportunity to grade their suppliers performance and offer valuable feedback. However, what if we change positions? And let suppliers’ grade procurement professionals? The idea looked intriguing enough, so we thought we’ll delve deeper and rummage some interesting discoveries. Enabling your…
Benefits of an Exceptional Material Handling
Material handling, as the name itself suggests, refers to the process involving moving, controlling, protecting, and storing materials, such as goods, items etc. for manufacture, disposal, distribution or even for consumption. Albeit, this process might seem to be a bit plain-sailing, however it entails a lot more than what meets the eye. The process of…
A Definitive Guide To Organizing Your Company’s Purchasing Process. Part-3
An organized purchasing process provides the business with a clear and detailed framework within which it can work, and enables the matching of the right solution with the exact business needs. Therefore,n our last iteration of this series, we thought we’ll enlighten you a bit regarding how to outline an efficient purchasing process, to help…
A Definitive Guide To Organizing Your Company’s Purchasing Process. Part-2
In PART-1, of the series we shared some insights about the basics of purchasing process in a business environment, including the facets it entails, and why it is amongst the most shunned areas in a supply chain. We started from scratch, and now we believe we are in a commanding stance to answer one big…
A Definitive Guide To Organizing Your Company’s Purchasing Process. Part-1
When it comes to operations management, purchasing process is the most shunned and least-understood areas. Owing to this, purchasing is an open resistance for most of the organisations that end up with arbitrary and futile purchasing processes, which keeps them from the triumph they had longed for. What could be a particular solution? Getting hold…
Supplier Relationship Management: How to Mend Broken Supplier Relations
Business and supplier relationships are built on trust. Losing a supplier might be a big setback for any company, however with some time and effort broken supplier relations can be rekindled, which is profitable to both parties. Buyer and suppliers share a symbiotic strategic relationship. Undertaking of any big project is a mighty task, which…
3 Hidden Shipping Costs and How to Avoid Them
A lot of people have a perception about shipping, it being the most strenuous task in a supply chain, demanding the management to be a notch more meticulous than they are required to be for other verticals, and to your surprise even our thoughts ponder on the same note. Shipping demands a lot more attention,…
Using Technology to Foster Relationship between Buyers and Suppliers
Technology improves efficiency and reduces the cost of any process, there’s no doubt in that. However, the problem pertaining to technology is that it’s often under-utilized. When it comes to the supply chain, technology can make a significant impact. Using the help of technology not only internal operations can be improved upon, but also the…