Downstream Investment: What Are the Benefits and Its Challenges?
The downstream investment is a financing option, which allows a company to make an investment in another company that is not a subsidiary. In this article, we will discuss the benefits and challenges of making an investment via a downstream…
Kanban: Why is it important for every business
With so many tasks and processes taking place in any company, it can be difficult keeping track of everything. So, in this article, we will take a look at Kanban – the Japanese word for “sign board” – as a…
19 Qualities of a Good Questionnaire
Questionnaires can be a great way to gather data from a large group of people, but they can also be time-consuming and confusing to design. In this article, we will go over some qualities of a good questionnaire, which makes…
Production Planning and Control: Why Its Important?
Production planning and control is a crucial aspect of any manufacturing process. This blog post will explore what the term means, why it is important, and how to do it well. Table of Contents[Open][Close]IntroductionWhy is it Important in Operations Management?Scope…
The Bullwhip Effect: What It Is And Why You Should Care
Recently, the supply chain has been the subject of many debates in business circles – the globalization and technological advances that have led to more Just-In-Time inventory and quick sales cycles have made the whole field a tangled mess. Read…
What Is Just In Time Inventory Management? And Its Importance
The concept of inventory management has evolved over time. Formerly, it was only important to keep a company’s warehouse stocked with the necessary amount of stock, but this approach was less than customer-centric. Today, Just In Time Inventory Management is…
Warehousing: Advantages, Disadvantages and 5 Factors Affecting Size of Warehouse
Warehousing is the storage of goods in a warehouse for sorting as part of an logistics process. Warehouses are used to store a wide range of items from clothing to machinery, and how large your warehouse is will depend on…
5 Basic Components of Supply Chain Management
Supply chain management (SCM) is the process of coordinating the activities of all the different organizations involved in the supply chain, from raw materials suppliers to manufacturers to retailers. The goal of SCM is to ensure that goods are produced…
What’s the difference between Material Management and Purchasing Management
The success of an organization largely depends on its efficiency. With increased cost competition, firms have to adopt the most cost-effective and efficient method of production to maintain their bottom line. One such measure is the proper management of materials…
Material Management: What is it and how does it help a organization?
In today’s world, organizations have a strenuous job of managing the pace of changes. When companies get larger and more complicated, it can become difficult to keep track of all the materials that are needed. One way to avoid this…