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A Small Intro to Supply Chain Management
What is Supply Chain Management? Investopedia: Supply chain management (SCM) is the streamlining of a business’ supply-side activities to maximize customer value and to gain a competitive advantage in...
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Inventory Control – An Introduction
Inventory Control Learning Objective: To know the meaning, types and functions of inventories Meaning of Inventory: The word inventory refers to any kind of resource having economic value and is...
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How to Pep-Up Productivity?
Productivity Analysis: Productivity is defined in terms of utilization of resources, like material and labor or it is the ratio of output to input. For example, productivity of labor can be measured as...
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Objectives and Principles of Plant Layout
Info on Objectives and #Principles of Plant Layout: Plant layout refers to the physical arrangement of production facilities. It is the configuration of departments, work centres and equipment in the...
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Types of Plant Layout and Advantages
Types of Plant Layout Layouts can be classified into the following categories: Process Layout Product Layout Fixed Position Layout Combination Layout Group Layout Become a Product Manager | Learn the...
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Does Your Business Need a Facility Manager?
You’re probably not losing any sleep over facility management if your business fits into one small office. But, if you plan on growing your business, your small office will eventually grow into a...
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How to Keep on Top of Your Company’s Stock
One of the most important features of your business is your stock. Without any stock, you can’t fulfill any sales and therefore you won’t be able to make any money. That’s why it’s always good to keep...
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How IoT is Changing the Future of the Supply Chain
Supply chain management (SCM) is the broad range of activities needed to plan, control and execute a product’s flow, from procuring raw materials and production through distribution to the final...
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3 Essential Skills Every Manufacturing Manager Needs
Manufacturing managers have a lot of responsibilities. The flow of production runs through them, and their decision-making skills can have tangible consequences on the balance sheet of a business....
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Finding Solutions to Obstacles in the Dairy Industry
The dairy industry is facing many problems, now more than ever. For example, supply issues, climate change, and fluctuating consumer demand are all playing a part. Many of these challenges are outside...
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How to Improve Your Supply Chain Management Process
In the current business environment, an efficient supply chain management process can be a key differentiator. Streamlining your supply chain reduces costs and enhances customer satisfaction and...
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