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It’s no secret that supply chain management has paved an effective way for timely deliveries, improved financial performances, greater customer satisfaction, building trust among suppliers, etc, all of which improve an organization’s performance in the long run. But as much as a supply chain helps in achieving a positive result for our business, it is…
As much as we’re aware that cost reduction in supply chain management is one of the prime ways to control an organization’s corporate expenditure, not many companies know the ways to unfold its benefits. Cost reduction strategies in supply chain management include focusing on finding efficient and affordable ways to procure, store, and transport products…
It goes without saying that the repercussions of COVID-19 have resulted in consumers switching their buying behaviors. And as much as companies are trying to figure their way through this pandemic, retailers are realizing the need to leverage the power of data and technology to reach their customers. As reported by Nasscom and EY, the…
Outsourcing is a common business practice in which a company hires a party outside the company to perform services and create goods that were traditionally performed in-house. It is an effective cost-cutting measure because labor costs are rising and the use of robots for automation is increasing. Talking about outsourcing in supply chain management, it…
We’re all aware of how cloud adoption has accelerated over the years – big or small – to store data, run workloads, and host applications. Today, expanding workplace capabilities indicates that an enterprise’s perimeter is no longer a physical office location. This makes environmental coverage challenging in various ways, including the loss of visibility and…
Mass inoculation against COVID-19 has begun in several parts of the world. With the rise in demand for large-scale and urgent COVID-19 vaccine distribution, supply chain leaders must take this opportunity to urgently fill in the distribution barrier. So, how do you analyze the best way to drive critical protocols and find the best practices…
Multi-Cloud is a model that uses two or more cloud computing and storage services in a single network architecture. Its environment can either be all-private, all-public, or a combination of both. A multi-cloud model aims to eliminate the reliance on single cloud providers by distributing cloud assets, software, applications, etc across several cloud environments. One…
Partnerships in supply chains majorly help in overcoming the bullwhip effect which is a distribution channel phenomenon in which demand forecasts yield supply chain inefficiencies like excess inventories, slow response, and lost profits. And the reason for the occurrence of the bullwhip effect is the low competitive supply chains. Failing to collaborate in a supply…
The technology that underpinned the world’s economy, global supply chains, and remote workforces during the COVID-19 pandemic is most likely to continue to be an essential target for organizations that are looking for business continuity, cost efficiency, and increased stability in 2021. Yes, we’re talking about Cloud Computing. All companies are finding ways to catch…
First things first, let’s understand what is blockchain. It is a system of recording information in such a way that makes changing, hacking or cheating the system difficult or impossible. It is basically a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. In this…