Logistics has been an indispensable part of the Supply Chain, generally known and seen as a cost centre. Organizations and Nations have been deploying strategies to reduce logistics costs to a minimal percentage of the total material and supply chain costs globally. Multi-modal strategies involve a combination of Road, Rail, Air, Ocean, and Inland Water Transportation that has been vital to reducing costs and meeting delivery schedules without impacting the quality of material being shipped. A key artery of the US and global supply chain – The Mississippi basin has been a hub for US trade and ..read more

CFO, Chief Financial officer is one role which we assume that we understand completely. Let me help you unravel a few of its branches to attain the importance of this role. CFO’s are playing a major role in a company as they are entitled to manage the entire financial data as well as the operational strategies. The role has its limitations and liberty in each company as it often depends on the structure, size, and processes of the organization. So what are the roles and responsibilities performed by Finance Chiefs ?? To carry out a Role & Responsibility one must carry certain characterist ..read more

logistics-tech conference Logistics is not merely the movement of goods and arranging resources for business, but it’s a most strategic function in the Supply Chain. It requires the attention of the top management and the fuel of technology to gear up to the next level. In view of the same, the Internet and Mobile Association of India (IAMAI) brings the first edition of the Logistics- Tech Conference. This Conference is a two-day virtual conference that aims to provide a platform to all logistics & supply chain players along with their ecosystem partners to come together & chart a road ..read more

Category Management is the concept of the Retail industry that helps for better management as well as sales of a similar category of product by bundling the same. Initially, it was deployed in the retail and sales end. Later on, it is categorically understood that for multiple sources of consumption or multi factory plants, sourcing a similar product by different persons may lead to consumption of more time, money, and resources. Hence, buyers have also adopted the concept of suppliers to bundle the requirement of multiple locations and the similar product as a category to have a better under ..read more

Digitization is the buzzword in the New Normal scenario post COVID19. Logistics and Supply Chain are not an exception in the same, in fact, they demand the center stage in this process. However, Digitization is not a one-time system change, it’s a journey. If you are interested in knowing about the same and want to leap forward in this direction, you are in the right place. Sourcing & Supply Chain is arranging a webinar series on “Latest Trends in Logistics and Supply Chain Digitization“. Speaker: Vengatessh Rajasekar – Digital transformation consultant in PandoCorp, The Youth Forum ..read more

One of the challenges for organizations, when they move to agile ways of working, is the often mentioned need to build teams made up of “T-shaped” people. This can also be described as a cross-functionality. The Scrum Guide describes cross-functionality as: “Cross-functional teams have all competencies needed to accomplish the work without depending on others not part of the team.” The “T-shaped” representation comes from the idea that an individual can possess deep skills in a few areas as well as a broader range of shallower skills. source: https://corporatefinanceinst ..read more

World Class Manufacturing – Session 3 World Class Manufacturing (WCM) is the philosophy of being the best, the fastest, and the lowest cost producer of a product or service. It implies the constant improvement of products, processes, and services to remain an industry leader and provide the best choice for customers, regardless of where they are in the process. World Class Manufacturing is a management process that combines Concepts, Principles, Policies, and Techniques for managing and operating manufacturing operations. Sourcing & Supply Chain has organized the 3rd and final session ..read more

World Class Manufacturing Session 2 World Class Manufacturing (WCM) is the philosophy of being the best, the fastest, and the lowest cost producer of a product or service. It implies the constant improvement of products, processes, and services to remain an industry leader and provide the best choice for customers, regardless of where they are in the process. World Class Manufacturing is a management process that combines Concepts, Principles, Policies, and Techniques for managing and operating manufacturing operations. Sourcing & Supply Chain is organizing 3 sessions on World Class M ..read more

Supply Chain takes center stageOverview The ongoing pandemic and its implications for supply chains have been far-reaching, to say the least. The integrated nature of supply chains and their globally and regionally dispersed structures have exposed the fault lines and vulnerabilities even further. The economic and humanitarian crisis brought about by Covid-19 will take time to abate. Micro, small and medium enterprises have struggled to survive. What began as a supply shock eventually resulted in a demand shock too. Moreover, the challenges caused by lockdowns, un-lockdowns, covid hot-spots, a ..read more

World Class Manufacturing World Class Manufacturing (WCM) is the philosophy of being the best, the fastest, and the lowest cost producer of a product or service. It implies the constant improvement of products, processes, and services to remain an industry leader and provide the best choice for customers, regardless of where they are in the process. World Class Manufacturing is a management process that combines Concepts, Principles, Policies, and Techniques for managing and operating manufacturing operations. Sourcing & Supply Chain is organizing 3 sessions on World Class Manufacturi ..read more