Supply Chain Strategy : 6 Key Elements of Good Supply Chain Management

Supply chain strategy focuses on quantifying and identifying the improvements of the supply chain. It also covers the assistance of the clients in modifying their operations from their suppliers up to the last client.

This is to enable the realistic strategic change as well as competitive advantage. It also includes the management of operations in order to keep the total amount of expenses lowered.

It also analyzes the benefits of various portions of the operation and how they can be associated with the intact of supply chain. Continue reading →

Strategies to Reduce Defect Rate

Every manufacturing company has its own way of developing products. They use different types of machineries and equipment as well as raw materials. The finished products have different levels of quality. However, due to certain reasons or problems in the production process, some of the products produced have defects.

Product defects are characteristics of a specific product that affect its usability. Since defective products did not pass the quality standards, they might pose risks and dangers to whoever uses them.

Product defects do not only pertain to the physical appearance of the product. A product can look perfect on the outside buy can still be considered as defective if it is incorrectly manufactured. Continue reading →

Raw Materials Management

Raw materials are one of the most important aspects of supply chain management. The type of raw materials used by a certain company depends on the products it offers.

These materials will greatly affect the overall appearance of the product and its quality as well. Industrial raw materials are the type of basic materials that are usually used in the production of a specific product or service. These materials can either be man-made or natural.

Raw materials management is a business process that primarily focuses on securing raw materials with high quality in the lowest price possible. It helps in making sure that the chosen materials will greatly benefit not just the production process but the company as a whole. Continue reading →

How to Conduct Proper Production Planning?

A great deal of effort is required in order to remain afloat in this competitive world of business. Careful planning is needed for proper flow of business operations.

Production planning is one area of business planning that is fundamental to the success of the business. Effective production planning primarily aims to fix the company’s production goals and to develop or produce the resources needed to achieve these goals.

A detailed production plan will help companies achieve the production goals in an efficient and cost-effective manner. Production planning helps in managing the different departmental activities of a company such as purchasing, stock control, engineering, and production. Continue reading →

Salary Standard for Consumer Goods Industry

Many people who wish to enter the consumer goods industry will have to learn about the different processes of demand and supply. The chain has to be continuous and well-maintained by different parties and individuals. People who wish to join the network should have an idea about the standard salary for consumer goods industry. The salary range can be compared with what others receive in the same industry or in other companies. It’s best to do some research first to get the most out of the group you join. Here are some tips. Continue reading →

Designing Logistics Management System

There is the so-called supply chain management in the world of business. In this management, there are lots of parts that you can use to achieve success. One of the most popular terms is logistics management.

This actually pertains to planning and controlling the flow of a particular business in order for the customers to be satisfied with the service. This is between the point of consumption and the point of origin.

This is made by a professional who has enough knowledge on this particular area. The professional is actually called the logistics management provider. Continue reading →