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By Kehinde Mobayo, on 11th July, 2011
 The supply chain according to Laudon and Laudon (2000) is a collection of physical entities linked together into processes that supply goods or services from source through consumption. The physical entities in the supply chain consist of suppliers, manufacturers, distributors, retail outlets, and consumers. To have effective supply chain management a business must integrate all these entities into one cohesive process. E-Business can bring that benefit to a business supply chain by permitting the business and its managers to communicate and collaborate among all areas inside the supply chain ultimately giving the business a competitive advantage.
Continue reading Online Supply Chain Supply Simulation
By Maurice Pinto, on 30th May, 2011
 A field run ticket is a paper record completed by the purchasers or transporters representative documenting how much crude oil was removed from an oil well location. There is a company called Oildex which provides a service called RunTicket Connect. This service allows companies to import run tickets, summary statements, and tank tables directly into existing accounting software systems, or they can download them into a spreadsheet, eliminating the need for hand keying. This results in time and cost savings.
Continue reading Run Tickets and Who’s who
By Abhay Tiwary, on 13th March, 2011
 March 11, 2011 was a very bad day for Japan and for humanity as a whole. A massive earthquake of magnitude 8.9, one of the worst in Japan’s history, followed by a deadly tsunami was catastrophic for the country and its people. It swept away everything on its way damaging buildings, highways, airports, ships, industrial hubs, almost anything on the ground including huge loss of life. The reported death toll estimated to be more than ten thousands, thousands are still missing and millions are displaced and will be evacuated. The economic loss is still to be estimated and fear is that it could well pass more than hundreds of billion (in USD). The trauma and turmoil has not ended yet as the atomic power plants are badly damaged and explosions have happened resulting in leakages & radiation. If further explosion happens then the radiation might reach other parts of the Japan as well which are not affected by earthquake. This reminds the vulnerability of human civilization irrespective of how prepared a country like Japan is. No matter how much science progresses, science alone cannot save humanity.
Continue reading Earthquake in Japan and its likely affect on global supply chain
By Abhay Tiwary, on 6th February, 2011
In my previous blog on freshness across supply chain, I had promised to further dig down and extend the various definition and methods by which it can be achieved but I will write about that little later. I chose a new topic which is knocking the door to transform the business and technology, i.e. cloud computing and its usage and impact on future supply chain applications & systems.Cloud computing is a virtual, service-oriented, location independent computing architecture which provides on demand servers, computing resources, software and storage just like an electricity grid. Customers using cloud services do not own the physical infrastructure and hence avoid capital expenditure and other overheads. They pay as they consume resources and fee is charged only for the used resources.
Continue reading Cloud based Supply Chain Systems
By Abhay Tiwary, on 12th January, 2011
The competitiveness of organizations across the industry sectors depends not only on the cost effectiveness and the improved service levels always but often on the degree of freshness of the products sold to customers. This is mostly applicable to the industry sectors like consumer foods, healthcare, infant formula etc. The freshness of goods largely indicated by the difference of the current date and the expiry date of the product. The more the difference, the product is more fresh and vice versa. Most of the informed consumers try to look for the dates before they buy and many a times they choose not to buy the items in the store because the same item is found fresher at some other store. Different consumer would have different requirement for the same product depending on their consumption rate and the frequency of the purchase. Typically this phenomenon is observed at the very end of the supply chain where consumers transact before the actual consumption happens.
Continue reading How to secure the freshness across the supply chain
By Kehinde Mobayo, on 22nd December, 2010
Due to the economy melt down a lot of industries are analyzing their processes to eliminate unnecessary process steps, cut cost, reduce inventories, manage the resources at hand and for proper process improvement. There are 10 tips that can help to achieve maximum and positive results listed below: Continue reading Ten Top Tips Towards Process Improvement
By Kehinde Mobayo, on 10th November, 2010
Definition: Inventory Management is an enterprise-wide discipline concerned with the identification and tracking of Inventory Information Services (IIS) inventory and production line assets. Its three main areas of concern are:
Continue reading Introduction to Inventory Management System
By Prarthana Shyam, on 25th September, 2010
 The approach to sales and operation planning differs from company to company, even within similar industries. In this article, I would like to discuss basic, high level principles of S&OP and why every organization, big or small needs to make it an integral part of their management strategy.
Continue reading Sales and Operations Planning: How do YOU do it?
By Kehinde Mobayo, on 28th August, 2010
Based on transaction cost theory, when a firm has already integrated its operational functions, the decision to outsource such functions to the market should be made if it is necessary to create or protect firm value. By outsourcing tasks to specialist organizations, firms may better focus on their most value-creating activities, thereby maximizing the potential effectiveness of those activities. In addition, as outsourcing increases, costs may decline, reduction in lead-times and investment in facilities, equipment, and manpower can be reduced.
Continue reading OUTSOURCING
By Varun Jindal, on 13th August, 2010
 Now a days, convenience has become an important aspect for the consumers of the food market. Due to change in the lifestyle trends, more and more people now prefer to order for home delivery rather than going personally to the food joints. Technology, be it Internet or mobile communications, has only aided this trend or lifestyle change. In India alone, the food market is estimated to run into thousands of crores of rupees. Due to this huge potential, fast food chains can no longer avoid tapping the sizeable chunk of the customers who prefer the option of home delivery. I’ll now be narrating the story of McDonald’s India to understand as to how the company realised the importance of offering home delivery and subsequently how it invested in home delivery channel of service.
Continue reading Home Delivery: Has it Become a Necessity for a Fast Food Chain to Penetrate in a Market?
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