A supply chain is a process of traversing the products right from the manufacturer to the end consumer.
Every sector comprises a dedicated team to manage the supply chain of products........ http://blockchainhints.mystrikingly.com/blog/how-can-blockchain-help-in-improving-supply-chain-management
Advatix is a leading advanced Supply Chain Consulting and logistics firm helping the clients transform their operating models and become the leader in their markets.
At, Advatix we offer a one-stop solution to all the supply chain management needs, from technology development to analytics.We believe the traditional methods of operations cannot fulfill the requirements of modern supply chain management.
We focus on implementation-oriented designs to ensure that every step of the project addresses the key factors required for our client’s success.
We help our clients to strategize, design, build, operationalize, manage, and synchronize the supply chain.
As Supply Chain Experts, apply our unique techniques to rapidly improve supply chain and logistics, benchmark against the best in class companies, and provide metrics to measure success.
To help our clients provide the best customer experience, we ensure the products are delivered as promised, inform the customers about the status of their products, adapt to customers’ changing needs, and meet their demands.We also help our clients to implement the infrastructure, technology, teams, and processes to ensure that their customers' experience stays top priority as we improve the delivery speed and reduce cost.
Advatix is one of the most renowned Supply Chain Management firms of the nation.
At Advatix we provide strategies and systems to optimize inventory levels and improve financials.
We help the clients to mitigate the risks of business processes by developing a model that will maximize the production and ease the process of conducting the operations.
If you are looking for a supply chain and fulfillment expert, we are your best choice.As a leading market leader in the development of customized models, we built compatible models for businesses to help grow and become leading businesses of the market.
We design and develop realistic and implementation-oriented solutions to ensure efficiency, measurable improvements, effective management, and significant reductions in cost.We are one among the highly appreciated companies offering Supply Chain Expert services.
Our team of experts provides customized Platforms for Seamless Integration, creates supply chain management software that seamlessly integrates the operations, and manages information across various supply chain entities.
In the past few years, priorities in supply chains and procurement have shifted dramatically, from rapidly increasing sustainability in their utility grids to doubling their spend optimization.While these are short-term shifts in response to the business’s growing uncertainty, two themes remain relevant and will receive more attention in the medium and long term, sustainability and diversity.
Supply chain management with procurement can no longer be ignored because their impact on businesses goes way beyond the pandemic.Key to sustainability:Sustainability is one of the crucial topics among the business leaders and is now on the agenda of every company and under increasing pressure from consumers and investors alike to track their environmental impact.
To implement this program, companies need to focus on sustainable public procurement policies.Here’s how:Make Sustainable Procurement your #1 Goal:Procurement leaders need to make decisions based not only on cost, but also on how those decisions impact their communities, environment, and social standing.
They need to incorporate socio-economic, environmental, and ethical dimensions into public procurement and processes and fulfill their corporate social responsibilities.
To know more - https://katalysttech.com/blog/embracing-a-sustainable-procurement-strategy/
Are you searching about supply chain management?
We will then discuss the concept of is Sourcing and Purchasing.Then we discuss the 5 easy steps of supply chain management.
Let’s start!What is supply chain management (SCM)?Are you wondering what is supply chain management?
Let’s look at them:Supply Analysis for Supply chain managementThe very first step for the supply chain management is the Analysis of Global Supply/Demand Figures for product.
It is marketed in a range of degrees depending on purity (color and the lack of alien matter), viscosity, viscosity stability, oxidation resistance, and cure rate due to its natural derivation.Firstly, the natural rubber industry is comparatively divided by producers with regard to industrial structure research, although clustered by regions.
Secondly, by the end of 2016, the global rubber supply hit 13030,2 K MT, with annually growth rates of approximately 2-3% in recent years.Thirdly, according to our report, the world’s natural rubber industry is worth more than USD 26,6 trillion in 2016.
The efficiency quotient of businesses at different operational levels is crucial for its success, whether the business operates online or offline.
Supply chain management is the most vital factor of any e-commerce business.
Supply chain management in e-commerce aims to acquire raw materials, convert raw materials into final goods, and distribute finished goods to end-consumers in real-time.It's an integration of processes like management of warehousing services, tracking inventory, management of supply and demand, order management, order entry, delivery, and distribution of goods to the consumer.
The function of the e-commerce industry isn't confined to simply building a website and selling its products online.
The supply chain and logistics within this industry include suitable logistics, infrastructure, product configuration, secure payment getaway, and supply chain management.
A well-optimized supply chain can accelerate e-commerce operations for ensuring long-term consumer satisfaction.Outsourcing call center companies play a vital role in enhancing the consumer experience.
IoT is regulated to transform the supply chain both in terms of its operational efficiencies as well as revenue options by making it explicit.IoT can significantly improve supply chain management and associated processes.
Some of the serious problems turn around knowing the quality and location of assets all over the supply chain processes.Leveraging sensors that give the real-time location, temperature and other crucial data can extremely modify a business’s supply chain.
In this blog, we have enlisted few ways that IoT can largely expand supply chain management for all partners involved.Verify the Location of Goods at Any TimeIoT devices can be connected to particular storage containers or to raw materials.
The IoT device will convey its location, which can be chosen up by GPS satellites and utilized to track the movement of goods.
Track Speed of Movement and When Goods Will appear4.
Goods tracking and route planning via IoT devices can recognize where and when goods are delayed in shipment.This enables for uncertainty planning and alternative routes to accelerate the supply chain.
The coronavirus pandemic appended many industries alongside their supply chains.
E-Commerce brands and industries depending on supply chain management will have to re-look at the pandemic's effect on their working principles in the future.
Let us take a look at the supply chain Trends for 2021.Resilience2020 has brought an Unexpected change to supply chain management.
The three important qualities of a successful supply chain are viz., end-to-end shipment tracking, quick responsiveness to disruption in data, and adaptability to real-time change in information.SustainabilityThe pandemic has taught the world important lessons in sustainability.
Industries and people across the world have come to realize the importance of sustainability now more than ever.
Supply chains that keep in consideration electricity transportation and sustainable packaging materials will take center stage this year.Earlier the betterThe E-Commerce industry witnessed a predicted and expected boom in 2020.
As the business grows bigger, stakeholders must invest in the software solutions that keep their operations running.
They should also identify any problems immediately that can be rectified easily.
Companies that are at the top of their game often look for solutions that streamline functionalities and make work easier for employees and management.
Software that enables companies to keep track of their entire inventory and thereby help them to streamline the supply chain.Inventory management is necessary.
It is impossible for businesses to operate in a void, and merely having siloed data makes it difficult for them to understand how one area of an application can impact other areas.
The accuracy of your inventory directly or indirectly impacts almost every other part and aspect of the business.The replenishment process is also critical to the inventory management program, thereby reducing stock outs and helping them understand product levels that would be appropriate for the company.
Supply chain management is a complex medley of processes in which even a slight lack of visibility or synchronization can lead to enormous losses and overheads.
But with the recent developments in AI & machine learning, we can now harness historic and real-time supply chain data to discover patterns that help us understand what factors influence the different aspects of the supply chain network.These insights help companies in getting a competitive edge, streamline processes, cutting down on costs and increasing profits, and leveraging recommendations to enhance the customer experience.
According to Gartner, at least 50% of global companies would be using AI-related transformational technologies such as Machine Learning in supply chain operations by 2023.5 Ways In Which ML Acts As A Game Changer In Supply Chain Management 1.
With big data analytics, manufacturers can analyze different types of data including past sales demand, chanel performance, product returns, POS data, promotions data etc.
Unexpected and extended downtimes can result in out of stock situations and lost revenue.In order to avoid these situations, companies are replacing the reactive and inefficient break-fix service model with proactive maintenance approaches – predictive and preventive maintenance.This involves using machine learning to analyze data from smart parts and sensors and predicting when a machine/part will fail and determining the right time for repairs and replacements.This allows companies to reduce excess inventory, mitigate the costs and disruption caused due to unscheduled downtime and ultimately improve customer satisfaction and brand loyalty.In addition, machine learning can also help understand how to extend the life of the existing assets, determine common reasons for failure and take necessary proactive steps.3.
Logistics Last mile logistics in supply chain management is prone to operational inefficiencies and costs upto 28 percent of the total cost of the delivery.Some common challenges in this area include:Not able to find a parking spot for large delivery trucks near the customer’s destination and having to carry the package to its destination by walkCustomers not being at home to sign the receipt of items and thus causing a delay in deliveryDamages to the package during this last leg of deliveryIn most cases, it’s very difficult for companies to identify exactly what’s going on during this last mile.
If your company is in the distribution business, the distribution software functionality of an ERP will be of great interest to you.
While this is a standard functionality for ERPs, you can find that it is not robust enough especially if your distribution practice is complex.Choosing the right application can help you solve all your problems and introduce greater efficiency in the business.
Let us see about the major problems and solutions for distribution firms.Aligning with demandAs a distributor, the main challenge that you face is aligning all your business resources towards the demand that you have.
You need great agility in your company to scale your operations up to meet the increasing demand or scale down at times when there is a lull in the market.This nimbleness is possible only when all your supply chain partners and managers are empowered when the latest and complete information is available to them at all times.
A web based ERP software solution allows access to this information from anywhere and at any time.
If you are not aware of your inventory status, you cannot make informed purchasing decisions and run a proactive sales operation.When you have multiple store locations it becomes tougher to maintain this visibility over a period of time.Selecting an ERP application that has automated inventory management features with support for multiple inventory locations will help you manage your inventory better.Such an automated environment will be a boon to you if you assemble your products before distributing them as the kitting process is faster and accurate without any material issues.
Years ago, disruptions were considered a common occurrence in the food and beverage market, changes in customer orders, late arrival of materials and supplies, or even packaging lines that just happened to be out of service for a short period of time.
Today, such events are a normal, everyday problem in the food and beverage industry.Disruptions these days look a little different; pandemics, border closures, weather anomalies, geopolitical issues, clogged distribution channels, labor shortages push supply chains to their limits.
These disruptions are pretty rapid and are causing damage in all food and beverage production areas, especially the supply chain.
The supply chain must be strategically coordinated and tactically controlled.
Companies need to add three components to their supply chain management strategy to transform from process to philosophy.CollaborationInvestigationEvaluationThese three ingredients have aimed at information.
Knowledge is the power to manage your supply chain successfully.
But as simple as it sounds, a lot can go wrong in this phase, which not only leads to increased costs but also undermines trust and negatively impacts your brand.The final mile and last mile refer to the final delivery stage.
Using the last mile in eCommerce can make the difference between a positive customer experience and a return.
The best eCommerce delivery schedules will fail if shippers fail to account for this critical part of the journey, adding more cargo to consumers, increasing profitability.In 2020, the global supply chain management market was valued at 15.85 billion USD and is expected to reach almost 31 billion USD by 2026, according to the Statista report.Here are some of the main problems that eCommerce businesses due to flawed supply chain:Return of orders subsequently increase in logistics costs:Order cancellations are common in eCommerce, but one of the main reasons customers return orders is an error in the last mile delivery process.
Be it late deliveries, inability to track packages accurately, delivery of damaged items, and improper placement of packages – all of these can contribute to more returns.
These incidents usually occur due to negligence of eCommerce companies or lack of modern technology.
As more and more customers return orders, logistics costs increase, affecting market share and customer loyalty.Return order to origin:Salespeople face a significant problem when it comes to “return to origin”.
A supply chain is a process of traversing the products right from the manufacturer to the end consumer.
Every sector comprises a dedicated team to manage the supply chain of products........ http://blockchainhints.mystrikingly.com/blog/how-can-blockchain-help-in-improving-supply-chain-management
In the past few years, priorities in supply chains and procurement have shifted dramatically, from rapidly increasing sustainability in their utility grids to doubling their spend optimization.While these are short-term shifts in response to the business’s growing uncertainty, two themes remain relevant and will receive more attention in the medium and long term, sustainability and diversity.
Supply chain management with procurement can no longer be ignored because their impact on businesses goes way beyond the pandemic.Key to sustainability:Sustainability is one of the crucial topics among the business leaders and is now on the agenda of every company and under increasing pressure from consumers and investors alike to track their environmental impact.
To implement this program, companies need to focus on sustainable public procurement policies.Here’s how:Make Sustainable Procurement your #1 Goal:Procurement leaders need to make decisions based not only on cost, but also on how those decisions impact their communities, environment, and social standing.
They need to incorporate socio-economic, environmental, and ethical dimensions into public procurement and processes and fulfill their corporate social responsibilities.
To know more - https://katalysttech.com/blog/embracing-a-sustainable-procurement-strategy/
The efficiency quotient of businesses at different operational levels is crucial for its success, whether the business operates online or offline.
Supply chain management is the most vital factor of any e-commerce business.
Supply chain management in e-commerce aims to acquire raw materials, convert raw materials into final goods, and distribute finished goods to end-consumers in real-time.It's an integration of processes like management of warehousing services, tracking inventory, management of supply and demand, order management, order entry, delivery, and distribution of goods to the consumer.
The function of the e-commerce industry isn't confined to simply building a website and selling its products online.
The supply chain and logistics within this industry include suitable logistics, infrastructure, product configuration, secure payment getaway, and supply chain management.
A well-optimized supply chain can accelerate e-commerce operations for ensuring long-term consumer satisfaction.Outsourcing call center companies play a vital role in enhancing the consumer experience.
The coronavirus pandemic appended many industries alongside their supply chains.
E-Commerce brands and industries depending on supply chain management will have to re-look at the pandemic's effect on their working principles in the future.
Let us take a look at the supply chain Trends for 2021.Resilience2020 has brought an Unexpected change to supply chain management.
The three important qualities of a successful supply chain are viz., end-to-end shipment tracking, quick responsiveness to disruption in data, and adaptability to real-time change in information.SustainabilityThe pandemic has taught the world important lessons in sustainability.
Industries and people across the world have come to realize the importance of sustainability now more than ever.
Supply chains that keep in consideration electricity transportation and sustainable packaging materials will take center stage this year.Earlier the betterThe E-Commerce industry witnessed a predicted and expected boom in 2020.
As the business grows bigger, stakeholders must invest in the software solutions that keep their operations running.
They should also identify any problems immediately that can be rectified easily.
Companies that are at the top of their game often look for solutions that streamline functionalities and make work easier for employees and management.
Software that enables companies to keep track of their entire inventory and thereby help them to streamline the supply chain.Inventory management is necessary.
It is impossible for businesses to operate in a void, and merely having siloed data makes it difficult for them to understand how one area of an application can impact other areas.
The accuracy of your inventory directly or indirectly impacts almost every other part and aspect of the business.The replenishment process is also critical to the inventory management program, thereby reducing stock outs and helping them understand product levels that would be appropriate for the company.
Supply chain management is a complex medley of processes in which even a slight lack of visibility or synchronization can lead to enormous losses and overheads.
But with the recent developments in AI & machine learning, we can now harness historic and real-time supply chain data to discover patterns that help us understand what factors influence the different aspects of the supply chain network.These insights help companies in getting a competitive edge, streamline processes, cutting down on costs and increasing profits, and leveraging recommendations to enhance the customer experience.
According to Gartner, at least 50% of global companies would be using AI-related transformational technologies such as Machine Learning in supply chain operations by 2023.5 Ways In Which ML Acts As A Game Changer In Supply Chain Management 1.
With big data analytics, manufacturers can analyze different types of data including past sales demand, chanel performance, product returns, POS data, promotions data etc.
Unexpected and extended downtimes can result in out of stock situations and lost revenue.In order to avoid these situations, companies are replacing the reactive and inefficient break-fix service model with proactive maintenance approaches – predictive and preventive maintenance.This involves using machine learning to analyze data from smart parts and sensors and predicting when a machine/part will fail and determining the right time for repairs and replacements.This allows companies to reduce excess inventory, mitigate the costs and disruption caused due to unscheduled downtime and ultimately improve customer satisfaction and brand loyalty.In addition, machine learning can also help understand how to extend the life of the existing assets, determine common reasons for failure and take necessary proactive steps.3.
Logistics Last mile logistics in supply chain management is prone to operational inefficiencies and costs upto 28 percent of the total cost of the delivery.Some common challenges in this area include:Not able to find a parking spot for large delivery trucks near the customer’s destination and having to carry the package to its destination by walkCustomers not being at home to sign the receipt of items and thus causing a delay in deliveryDamages to the package during this last leg of deliveryIn most cases, it’s very difficult for companies to identify exactly what’s going on during this last mile.
Years ago, disruptions were considered a common occurrence in the food and beverage market, changes in customer orders, late arrival of materials and supplies, or even packaging lines that just happened to be out of service for a short period of time.
Today, such events are a normal, everyday problem in the food and beverage industry.Disruptions these days look a little different; pandemics, border closures, weather anomalies, geopolitical issues, clogged distribution channels, labor shortages push supply chains to their limits.
These disruptions are pretty rapid and are causing damage in all food and beverage production areas, especially the supply chain.
The supply chain must be strategically coordinated and tactically controlled.
Companies need to add three components to their supply chain management strategy to transform from process to philosophy.CollaborationInvestigationEvaluationThese three ingredients have aimed at information.
Knowledge is the power to manage your supply chain successfully.
Advatix is a leading advanced Supply Chain Consulting and logistics firm helping the clients transform their operating models and become the leader in their markets.
At, Advatix we offer a one-stop solution to all the supply chain management needs, from technology development to analytics.We believe the traditional methods of operations cannot fulfill the requirements of modern supply chain management.
We focus on implementation-oriented designs to ensure that every step of the project addresses the key factors required for our client’s success.
We help our clients to strategize, design, build, operationalize, manage, and synchronize the supply chain.
As Supply Chain Experts, apply our unique techniques to rapidly improve supply chain and logistics, benchmark against the best in class companies, and provide metrics to measure success.
To help our clients provide the best customer experience, we ensure the products are delivered as promised, inform the customers about the status of their products, adapt to customers’ changing needs, and meet their demands.We also help our clients to implement the infrastructure, technology, teams, and processes to ensure that their customers' experience stays top priority as we improve the delivery speed and reduce cost.
Advatix is one of the most renowned Supply Chain Management firms of the nation.
At Advatix we provide strategies and systems to optimize inventory levels and improve financials.
We help the clients to mitigate the risks of business processes by developing a model that will maximize the production and ease the process of conducting the operations.
If you are looking for a supply chain and fulfillment expert, we are your best choice.As a leading market leader in the development of customized models, we built compatible models for businesses to help grow and become leading businesses of the market.
We design and develop realistic and implementation-oriented solutions to ensure efficiency, measurable improvements, effective management, and significant reductions in cost.We are one among the highly appreciated companies offering Supply Chain Expert services.
Our team of experts provides customized Platforms for Seamless Integration, creates supply chain management software that seamlessly integrates the operations, and manages information across various supply chain entities.
Are you searching about supply chain management?
We will then discuss the concept of is Sourcing and Purchasing.Then we discuss the 5 easy steps of supply chain management.
Let’s start!What is supply chain management (SCM)?Are you wondering what is supply chain management?
Let’s look at them:Supply Analysis for Supply chain managementThe very first step for the supply chain management is the Analysis of Global Supply/Demand Figures for product.
It is marketed in a range of degrees depending on purity (color and the lack of alien matter), viscosity, viscosity stability, oxidation resistance, and cure rate due to its natural derivation.Firstly, the natural rubber industry is comparatively divided by producers with regard to industrial structure research, although clustered by regions.
Secondly, by the end of 2016, the global rubber supply hit 13030,2 K MT, with annually growth rates of approximately 2-3% in recent years.Thirdly, according to our report, the world’s natural rubber industry is worth more than USD 26,6 trillion in 2016.
IoT is regulated to transform the supply chain both in terms of its operational efficiencies as well as revenue options by making it explicit.IoT can significantly improve supply chain management and associated processes.
Some of the serious problems turn around knowing the quality and location of assets all over the supply chain processes.Leveraging sensors that give the real-time location, temperature and other crucial data can extremely modify a business’s supply chain.
In this blog, we have enlisted few ways that IoT can largely expand supply chain management for all partners involved.Verify the Location of Goods at Any TimeIoT devices can be connected to particular storage containers or to raw materials.
The IoT device will convey its location, which can be chosen up by GPS satellites and utilized to track the movement of goods.
Track Speed of Movement and When Goods Will appear4.
Goods tracking and route planning via IoT devices can recognize where and when goods are delayed in shipment.This enables for uncertainty planning and alternative routes to accelerate the supply chain.
If your company is in the distribution business, the distribution software functionality of an ERP will be of great interest to you.
While this is a standard functionality for ERPs, you can find that it is not robust enough especially if your distribution practice is complex.Choosing the right application can help you solve all your problems and introduce greater efficiency in the business.
Let us see about the major problems and solutions for distribution firms.Aligning with demandAs a distributor, the main challenge that you face is aligning all your business resources towards the demand that you have.
You need great agility in your company to scale your operations up to meet the increasing demand or scale down at times when there is a lull in the market.This nimbleness is possible only when all your supply chain partners and managers are empowered when the latest and complete information is available to them at all times.
A web based ERP software solution allows access to this information from anywhere and at any time.
If you are not aware of your inventory status, you cannot make informed purchasing decisions and run a proactive sales operation.When you have multiple store locations it becomes tougher to maintain this visibility over a period of time.Selecting an ERP application that has automated inventory management features with support for multiple inventory locations will help you manage your inventory better.Such an automated environment will be a boon to you if you assemble your products before distributing them as the kitting process is faster and accurate without any material issues.
But as simple as it sounds, a lot can go wrong in this phase, which not only leads to increased costs but also undermines trust and negatively impacts your brand.The final mile and last mile refer to the final delivery stage.
Using the last mile in eCommerce can make the difference between a positive customer experience and a return.
The best eCommerce delivery schedules will fail if shippers fail to account for this critical part of the journey, adding more cargo to consumers, increasing profitability.In 2020, the global supply chain management market was valued at 15.85 billion USD and is expected to reach almost 31 billion USD by 2026, according to the Statista report.Here are some of the main problems that eCommerce businesses due to flawed supply chain:Return of orders subsequently increase in logistics costs:Order cancellations are common in eCommerce, but one of the main reasons customers return orders is an error in the last mile delivery process.
Be it late deliveries, inability to track packages accurately, delivery of damaged items, and improper placement of packages – all of these can contribute to more returns.
These incidents usually occur due to negligence of eCommerce companies or lack of modern technology.
As more and more customers return orders, logistics costs increase, affecting market share and customer loyalty.Return order to origin:Salespeople face a significant problem when it comes to “return to origin”.
