Supply Chain Risk Management (SCRM) helps businesses identify, assess, and mitigate risks to ensure operational continuity, resilience, and efficiency in supply chains.
Supply chain analytics is defined as the activities and tools applied by companies to identify important insights regarding the large amount of data generated during procurement, manufacturing and logistics of products.
The Internet of Things (IoT) is a system of connected devices that are capable of exchanging information over the Internet. Such devices as sensors, RFID tags, and other gadgets are intended for data gathering and transmitting making systems wiser and more effective.
Green Supply Chain Management (GSCM) can be described as the incorporation of green supply chain principles into the conventional supply chain management processes of sourcing, manufacturing, packaging, distribution, and disposal.
E-commerce logistics refers to the flow of goods from where they are produced to the doorstep of the customer in any e-commerce business. It comprises of stock, movement, storage, and delivery of products.
As businesses continue to expand globally, the need for efficient cross-border logistics has never been more crucial. But what exactly is cross-border logistics, and why is it important for companies operating in international markets?
Supplier Relationship Management (SRM) is the systematic supplier assessment and development process to improve capability, performance, and strategic fit with organizational objectives. It entails analyzing supplier capability and potential, identifying…
JIT is a production technique that aims at minimizing inventory by procuring inventory in the production line when they are required. It was first developed and perfected by Toyota…
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What is Fulfillment Center?
A fulfillment center is a facility where businesses store their products, process customer orders, and manage shipping. When a customer places an order online, the fulfillment center steps in to pick, pack, and ship the items directly to the buyer.…
Logistics is a fundamental part of cutting-edge enterprise operations. Logistics is the technique of planning, executing, and coordinating the movement of products from one region to another. It includes transportation, warehousing, stock management, and order fulfillment.
In the contemporary world where competition is high and markets are global, supply chain management has become more important than ever. The challenges of managing the supply chain coupled with the escalating pressure to improve supply chain transparency and efficiency…
In the field of logistics, freight forwarding is crucial to the movement of commercial goods. Bulk commercial commodities transportation can be very challenging. It is an expensive and time-consuming procedure. Nonetheless, freight forwarders can help businesses simply meet…