Importance of Stocktaking

Importance of Stocktaking – 7 Proven Advantages Which Defines the Purpose of Stocktaking for Your Business

In last 13 years, I have been conducting stocktaking every year. When I started as a graduate I was not really aware of the purpose of stocktaking or importance of stocking. I was more interested in weekend work extra overtime being paid! Now over the years, I have learned lot more advantages of stocking, rather than just financial. Purpose of Stocktaking or What is Stocktaking?   In general, the keyword when understanding and implementing Stocktaking or Inventory Checking is the word Counting. That is essentially the long and short of it! Simply put, it is the process of physically counting […]

Materials Management Books

Top 5 Materials Management Books Every SCM Professional Must Read

With any upward professional discipline like SCM, there will at all times be the need for Materials Management books and publications that are both astute and engaging. As every SCM Professional become more organized and entwined in the field, you would find a growing demand in SCM for Materials Management books, best practices, case studies, and publications that offer concise and captivating intellect into supply chain management. Fortunately, there are many authors offering firms with new and exceptional insights to better daily management, reduce unforeseen disturbances and risks along the international supply chain. Readers have liked my books recommendations for […]

Are You More Like a Reactive or Strategic Supplier Development Professional?

In the supplier development literature, several researchers have recognised that supplier development is strategically important for the overall success of the firm and in turn contributes to a sustainable competitive edge and is considered one of the building blocks of supplier management practices. Authors like Wagner (2006a), Krause et al. (1998) suggested that it is important to identify, as part of a supplier strategy, which suppliers are ‘key’ suppliers and how they are to be treated differently. For example, it might be argued that strategic supplier development is only viable for ‘key’ suppliers and supplier switching might be an option […]

Supply Chain Groups

The Top 31 Supply Chain Groups on LinkedIn You Must Join

After optimizing and adding glamor to your LinkedIn profile, it is time to network. Regular participation in LinkedIn Supply Chain Groups is one way to grow your network and generate more leads as a Supply Chain professional. There are several Supply Chain groups on LinkedIn that present the prospect of strengthening connections with other professionals. By default, LinkedIn does not allow sending of messages to professionals you do not know. By sharing a group, it becomes a possibility and offers significant benefit. Well below are the considerable Benefits of Joining a LinkedIn Group? Widen Your Network With LinkedIn Supply Chain […]

Masters in Supply Chain

Top 23 European Masters in Supply Chain Management You Should Research

Do you desire a European masters in Supply Chain Management? By explanation, Supply Chain Management place emphases on how to economically and proficiently manage supply chain systems to obtain better distribution of product and services from supplier to consumer thus growing a business’ competitive advantage. It looks simple enough! Nevertheless, in present-day international marketplace, clients are incessantly finding their suppliers globally to make sure that their product and service meets consumer’s demands at the least cost yet with the best profit margin. Achieving this is important to remain competitive and relevant in your respective field. This makes present-day supply chain […]

Foreign Trade Management

LIFETIME BASICS OF FOREIGN TRADE MANAGEMENT – 3 THINGS YOU NEED TO KNOW

In today’s world, foreign trade management  is inevitable for all countries.  Inasmuch as, no country can not produce sufficient quantities according to their needs.  Sometimes they have surplus, sometimes vice versa and sometimes they can never produce.  Countries, the production which is surplus sells the goods to foreign companies in order to have foreign currency.  In this way the countries which gain foreign currency want to buy the raw materials that the companies which do not have sufficient quantities in order to buy another countries.   Parallel to globalisation in the world, as the changing that having in foreign trade […]

Foreign Trade Management

5 Key Factors to Measure Proven Logistics Service Quality

Cost minimization is a key factor in handling logistics services, and this is becoming a growing interest in quality enhancement. However, Logistics Service Quality is difficult to quantify as it is a function of data gathered from variable client insights on the measurement process over time. The Logistics Service Quality can be defined regarding two balancing basics, i.e., Physical Distribution Service and Marketing Customer Service. Logistics Service Quality can be measured using some key factors. From the logistics provider viewpoint, the Logistics Service Quality is measured by the capacity to accomplish the clients’ orders. From the customer viewpoint, the widely […]

machine learning forecasting

5 Reasons Why Machine Learning Forecasting Is Better Than Traditional Forecasting Techniques

Machine Learning Forecasting is attracting an essential role in several significant data initiatives today. Year ago, I have mentioned machine learning as top 7 future trends in supply chain. Big retailers, Supply chain, and logistics experts are using Machine Learning Forecasting to aid improve customer engagement and produce more precise demand forecasts better than traditional forecasting techniques. They can also use Machine Learning Forecasting to expand into new sales channels, improve customer service, reduce inventory and improve productivity. There are many good reasons why demand forecasting is important. However, putting a reliable forecast for any business is collaborative efforts sharing […]

Supply Chain posts

Top 10 Most Read Supply Chain Posts of 2017 at Muddassirim

  First and Foremost Happy New Year to you all!  2018 has started with new hope, new sprite and with new goals (in some cases!). These are the days for contemplating, thankfulness and optimism about what’s ahead by looking back the best supply chain posts of 2017. As each year comes to a close, we all look back on the year that was in reflection. I would like to share with you Muddassirism’s top 10 most viewed supply chain posts over the course of 2017. These will only contain posts written in 2017. There were approximately 33 blog posts in […]

Six Sigma Books and Six Sigma Courses

Top 13 Best Six Sigma Books and Courses For 2018

Several individuals believe six sigma books are difficult to comprehend. Yet, I believe six sigma books has transformed the operations management world in countless ways. In effect, six sigma as process and product improvement methodology has proved its worth in supply chain management, operations, quality and service management. Six Sigma books offer a data-driven method that is effective in eradicating faults in any commercial process. From application growth to trading, the correct use of Six Sigma books can aid any professional advance any process by detecting and eliminating the roots of errors. In previous posts, I’ve identified the best supply […]