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  • PL-ADMIN wrote a new post 6 months, 3 weeks ago

    PPAP stands for “Production Part Approval Process.” It is a standardized procedure used in the automotive and other manufacturing industries to ensure that a supplier’s production process can consistently produce […]

  • PL-ADMIN wrote a new post 6 months, 3 weeks ago

    FMEA stands for “Failure Modes and Effects Analysis.” It is a systematic and structured approach used in various industries to identify potential failures, their causes, and their potential effects on a process, […]

  • PL-ADMIN wrote a new post 6 months, 3 weeks ago

    The Theory of Constraints (TOC) is a management philosophy and methodology developed by Eliyahu M. Goldratt in his book “The Goal,” published in 1984. It is a systematic approach to identifying and addressing the […]

  • PL-ADMIN wrote a new post 7 months, 1 week ago

    Just-In-Time (JIT) is a manufacturing and inventory management philosophy that aims to produce and deliver goods or services at the exact moment they are needed in the production process or by the customer. The […]

  • PL-ADMIN wrote a new post 7 months, 1 week ago

    ABC analysis, also known as Pareto analysis or the 80/20 rule, is a widely used inventory management technique that categorizes items based on their relative importance in terms of value or frequency of […]

  • PL-ADMIN wrote a new post 7 months, 1 week ago

    Inventory management refers to the process of efficiently and effectively overseeing the acquisition, storage, tracking, and utilization (ASTU) of an organization’s goods or products. It involves maintaining the […]

  • PL-ADMIN wrote a new post 1 year, 7 months ago

    Some of us avoid negotiation, some fear negotiation because they equate it with conflict. They consider it as a clash of the wills, they see it as a fight to the finish, where the biggest bully wins all the […]

  • PL-ADMIN wrote a new post 2 years ago

    Iron Ore

    Magnetite (Fe3O4, 72.4% Fe)

    Hematite (Fe2O3, 69.9% Fe)

    Fed directly into iron-making blast furnaces.

    Pig Iron

    Iron ore is the raw material used to make pig iron,

    An intermediate p […]

  • PL-ADMIN wrote a new post 2 years, 1 month ago

    Forecasting Models – Forecasting models are one of the many tools businesses use to predict outcomes regarding sales, supply and demand, consumer behavior and more.

    Four common types of forecasting […]

  • PL-ADMIN wrote a new post 2 years, 1 month ago

    A few ways by which a vendor can be evaluated are listed below-

    Categorical MethodWeighted point MethodCost Ratio Method

    Vendor-ratingDownload

  • PL-ADMIN wrote a new post 2 years, 4 months ago

  • PL-ADMIN wrote a new post 2 years, 5 months ago

    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 […]

  • PL-ADMIN wrote a new post 2 years, 5 months ago

    1. Identify the inefficient processes/bottleneck in your organizations procurement cycle and work to remove them2. Rationalize your supply base. Some place you have to increase vendor; some places you have […]

  • PL-ADMIN wrote a new post 2 years, 7 months ago

    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 […]

  • PL-ADMIN wrote a new post 2 years, 8 months ago

    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 […]

  • PL-ADMIN wrote a new post 2 years, 8 months ago

    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, […]

  • PL-ADMIN wrote a new post 2 years, 8 months ago

    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 o […]

  • PL-ADMIN wrote a new post 2 years, 8 months ago

    China accounting for more than 30% of all global manufacturing share. Before starting to work with Chinese supplier it is most important to ensure that they are legitimate and will be able to produce and supply […]

  • PL-ADMIN wrote a new post 2 years, 9 months ago

    8D – The 8 disciplines of problem solving – 8 steps to solve difficult, recurring or critical problems.

    The eight disciplines (8D) model is a problem solving approach. The purpose of the 8D methodology is […]

  • PL-ADMIN wrote a new post 2 years, 9 months ago

    What Is Liquidity and Why Is it Important for Firms?

    Liquidity refers to how easily or efficiently cash can be obtained in order to pay bills and other short-term obligations. Assets that can be readily sold, […]

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