PL-ADMIN wrote a new post, The Golden Rule of Negotiation 10 months, 3 weeks 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, Iron Ore & Pig Iron 1 year, 3 months 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, Forecasting Models 1 year, 4 months 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, Vendor Rating 1 year, 4 months 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, Kraljic Matrix 1 year, 7 months ago
PL-ADMIN wrote a new post, FAQ on Materials 1 year, 8 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, How to Improve Procurement Efficiency 1 year, 8 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, Various Stock Levels 1 year, 10 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, Import Export Terminologies 1 year, 11 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, Supply Chain Terminologies 1 year, 11 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, FCL and LCL 1 year, 11 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, 3 Steps to verify Chinese Suppliers 1 year, 11 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, EIGHT DISCIPLINES (8D) 2 years ago
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 […]
PL-ADMIN wrote a new post, Frequently Asked Questions 2 years 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, […]
PL-ADMIN wrote a new post, Financial Tools for Supplier Risk Assessment 2 years ago
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 […]
PL-ADMIN wrote a new post, LDPE Vs HDPE 2 years ago
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, […]
PL-ADMIN wrote a new post, Forging 2 years ago
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 […]
PL-ADMIN wrote a new post, Hot Chamber Vs Cold Chamber 2 years ago
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 […]
PL-ADMIN wrote a new post, Corrugated Box Testing Methods 2 years ago
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 […]
PL-ADMIN wrote a new post, Pipe Vs Tube 2 years ago
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 […]