There are generally four distinct “entities” or “parties” involved in a commercial transaction as follows: (1) Bill-To is the entity that will be paying this invoice, generally the buyer. (2) Bill-From is the entity that is billing the invoice, generally the seller. (3) Ship-From is the entity that is transporting the goods or providing the [...]
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 [...]
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 [...]
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 [...]
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.
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 [...]
Ever since the gulf oil spill disaster started, I have seen scores of politicians, political analysts, reporters, actors (yes real Hollywood actors), game show hosts, theme park cartoon characters, instant internet millionaires, and many other experts in the subject, providing their invaluable advice and appearing angry on TV. Let me rephrase that to: appearing really [...]
With the development of FTWZs and SEZs there will be an increase in the volume around the consumer market which is further amplified with the increases in domestic consumption.
The Fast Moving Consumer Goods (FMCG) Supply chain is one the most Complex due to the below mentioned factors
The last few months has been an exciting journey & a fulfilling to say the least.
As a person who always wanted to look out for a career in Supply Chain which was further reinforced through the various interactions during the last 1 year in my College (NITIE, India), The APICS CSCP module was the [...]