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 […]

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 […]

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 […]

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

Categorical MethodWeighted point MethodCost Ratio Method

Vendor-ratingDownload

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

The eight disciplines (8D) model is a problem solving approach. The purpose of the 8D methodology is to identify, correct, and eliminate recurring problems, making it useful in product and process i […]

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, […]

To ensure that our suppliers are financially healthy we need to keep checking up some of the financial areas of the supplier.

It’s essential to conduct financial assessments on selected suppliers that make u […]

Low density polyethylene (LDPE).

This clear or translucent plastic exhibits flexibility, chemical resistance, and waterproofing capabilities. It is used in the manufacture of a wide range of products, […]

Forging is a metal shaping technique using compressive localized forces. commonly performed with the help of forging presses or hammering tools powered by either electricity, hydraulics or compressed air. Some o […]

Cold chamber die casting is a preferred manufacturing process for metals that have high melting points like metal alloys of aluminium, brass and copper. Cold chamber machinery requires additional equipment — u […]

9 Corrugated Box Testing Methods to Ensure Packaging Quality:

Bursting Strength TestEdge Crush Test 2 SingleWater Resistance of the GluingCobb Sizing TesterPaper Grammage and ThicknessPuncture ResistanceScuff […]

Pipes are normally used to transport gasses or liquids making it important to know the capacity. Knowing how much can flow through the pipe is key.

Tubes are generally used in structural application and […]