COVID-19 turned out to be a black swan event that is disrupting the global economy and supply chains unlike any crisis in the last few decades. Empty supermarket shelves and consumers desperate for supplies have become a common sight worldwide. It has put business leaders around the world under immense Continue Reading
Eight years ago, I published a post on HBR, that summarized extensive research I had undertaken to understand how risk creates cost in any supply chain. My work was different from most other supply chain risk research in that I was concerned with how risk creates actual, every-day cost in Continue Reading
As businesses today are navigating through a disruptive and turbulent economic climate, they need to strive to adapt themselves to achieve a robust and sustainable supply chain. It is likely that companies can navigate through the most of the unpredictable conditions to a great extent if they can intelligently acquire Continue Reading
How To Avoid Disruptions In your Supply Chain? Supply Chain disruption is probably one of the biggest fears shared by nearly all manufacturing supply chain planning professionals. Even the most established organisation’s supply chains may be destabilized due to a myriad of reasons like the recent outbreak of the pandemic Continue Reading
What is the context? We wanted to develop an auction module for our flagship product MeRLIN. An e-Auction by nature is time-bound, where participants from across the globe login and submit their bids. During this period, the system is expected to provide competitive information on the participant’s bids against other Continue Reading
As we welcome an exciting yet challenging 2020, the impact and significance of Supply Chain Optimization in the success of organizations become more evident and prominent However, increased Globalization of Supply chain and associated geopolitics, quality, security and compliance issues continue to pose overwhelming challenges to Supply Chain professionals across Continue Reading
Modern day sourcing requires the procurement department to fully understand the cost drivers and be able to leverage appropriate sourcing tools to reflect savings in budget.
Now that we have introduced Strategic Sourcing and Industry 4.0 in our previous blogs, let’s dive right into the very foundation of Strategic Sourcing and how it helps create value through the purchasing process. Most companies are already involved with some form of Strategic Sourcing initiative. However, Strategic Sourcing can go beyond cutting costs Continue Reading
Let’s take a step back from Strategic Sourcing and talk a little about how Industry 4.0 has been great for Procurement. Industry 4.0 is commonly referred to as the fourth industrial revolution. A revolution defined by new trends in automation and data exchange in manufacturing technologies. But what makes this revolution different Continue Reading
According to the Chartered Institute of Procurement and Supply, 2017 saw technology continue to drive improvements in processes, data, insight, and savings. Efficiency gains remained the constant propeller across various procurement trends. However, 2018 sees a new trend. A recent study shows 2018 to be the year for procurement to Continue Reading
