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Difference between EN8 and MS material EN8 has higher tensile strength than MS material and bit costly. Difference between EN8 and EN8d material EN8 is through-hardened medium carbon steel. It used to manufacture parts such as axles, shafts, gears, studs, bolts etc, and can be easily machinable. EN8D has enhanced wear resistance and it’s a […]

1. Identify the inefficient processes/bottleneck in your organizations procurement cycle and work to remove them 2. Rationalize your supply base. Some place you have to increase vendor; some places you have consolidate vendors to get best from your suppliers 3. Improve supplier relationship, establish fair practices with supplier 4. Standardize your procurement processes. Implement centralized […]

Safety stock describe a level of extra stock that is maintained to mitigate risk of stock-outs. It acts as a buffer stock in case sales are greater than planned and/or the supplier take more time to deliver ordered units than its average lead time. where, α is the service level, Zα =1.65 for 95% service level. E(L) […]

Export Promotion Capital Goods (EPCG) scheme allows import of capital goods including spares for pre production, production and post production at zero duty subject to an export obligation of 6 times of duty saved on capital goods imported under EPCG scheme, to be fulfilled in 6 years reckoned from Authorization issue date. Merchandise Exports from […]

Procurement refers to the process of identifying, shortlisting, selecting, and acquiring, (ISSA) suitable goods or services from an outside source. Activities like contract management, receiving & storing, payment & evaluation comes under ambit of procurement. Purchasing is a small subset of the broader procurement function, associated with acquiring the goods and services, and the process […]

FCL stands for full container load. In FCL shipping, our goods in the container don’t have to share space with shipments from other traders. We pay the total container price, whether or not your goods have occupied all the space. LCL stands for less than container load. Here our goods occupy only a section of […]