As the consumer world gets more and more vast and complex, manufacturers have to catch-up every single day or risk becoming obsolete. Some of them might underestimate how complicated and technical the whole process has become and try to compete with the help of technology that has long past outlived its usefulness. Much of this [...]
Read MoreLet’s start with an example, consider a manufacturer or vendor has issued a P.O. (Purchase Order) to its supplier for some kind of inventory. Upon receiving the PO, the supplier has made a mistake to fulfill the exact needs of the P.O. This has led to a chargeback as it gets rectified. When a mistake [...]
Read MoreLet’s begin by understanding what a sustainable supply chain is through an example. Stonyfield Farms were the first manufacturers in America to eliminate CO2 emissions from their manufacturing plants. However, Gary Hirshberg, President and CEO of the company, noticed that this major step still only reduced about 10-20% of their total carbon footprint. The rest [...]
Read MoreAs most industries are moving towards Industry 4.0, processes within companies, from manufacturing to customer relations, is becoming digitized. One vital element that needs expert digitization service in an organisation’s ecosystem is the Supply Chain Management (SCM). Digitization of SCM is to bring in full transparency and break down barriers. From raw material suppliers to [...]
Read MoreThe pandemic has radically changed the supply chain lines globally. As the world is inching forward toward a new normal, with the threat of the infection looming overhead, we must prepare to navigate the changing landscape. Why is There a Need to Protect The Lifelines of The Modern World? Supply chains are the lifelines for [...]
Read MoreHave you sought medical care for any purpose? Yes, then you know the amount of paperwork that you need to do. Long forms with even longer paragraphs in fine-print make it hard to read, understand and sign. Now imagine the other side, for every patient, a hospital generates huge amounts of paperwork. Medical forms containing [...]
Read MoreElectronic Data Interchange (EDI) is the automation of exchange of information in real-time between stakeholders in any ecosystem. In this blog as we’re looking at the healthcare sector the stakeholders will include care providers, physicians, research labs, insurance companies, and patients among others. One of the main reasons for businesses in the healthcare sector to [...]
Read MoreOne of the key learnings from a recent Oxford Economics survey of 1,000 supply chain executives stated that 49% of Supply Chain Leaders capture real-time data insights and act on them immediately, while 51% use AI and predictive analytics to capture insights. What Can We Learn from the Supply Chain Leaders? Real-time information/insight is critical [...]
Read MoreBain & Company, a global consultancy that helps the world’s most ambitious change-makers define the future in recent research said that companies with resilient supply chains can rapidly meet customers’ needs and grow even when market demand shifts. They increase their perfect order rate by 20% to 40%. A resilient supply chain is a supply [...]
Read MoreMaintaining correct, up-to-date inventory across multiple channels and supply chain segments is a huge challenge for most retailers, wholesalers, and distributors. The process can be tricky because inventory isn’t stored in a single place in the supply chain. It is spread over several segments in the chain like the warehouse, shipment trucks, and the store [...]
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