Contingency planning is all about having a backup strategy for your business in case of any unforeseen events that may knock off your plans off track. Every project undertaken in a business has a unique set of risks, therefore when project managers carry out a risk assessment and identify potential threats, a proactive backup plan

The pandemic has accelerated digital transformation across businesses, which, in turn, has led to generation of massive data. When managed and leveraged in an appropriate way, data can be a goldmine for businesses to make smarter decisions. For most of the businesses, supply chains are the lifeblood. Collaboration across  various suppliers, processes, software has long

Network planning in supply chain management is a complex task that involves coordinating different individual companies, integrating several processes and activities in the supply chain network to improve the value of products or minimize system-wide cost while satisfying the demand of consumers. What is network planning in supply chain management? Supply chain network planning is

Supply Chain disruptions

Global supply chains are now facing another challenge after the pandemic led disruptions – the Russia-Ukraine conflict. The supply chains have been fragile since the beginning of the pandemic, and this military conflict between Russia and Ukraine is only exacerbating the situation for several companies in various industries, especially those reliant on energy resources. The

When you are managing a project, invariably you have to weigh one option against another. A cost benefit analysis is the easiest way of comparing all your options to determine which will be the right one for your project. What is Cost Benefit Analysis? CBA or Cost Benefit Analysis is an efficient technique that is

Looking for a career in supply chain management? You are not alone, especially now when the COVID-19 pandemic has raised awareness about the global importance of this crucial sector- and has shown it to be a great career option. Supply chains involve a series of processes that takes a product from the manufacturer to the

Supply Chain extends from the factory where the goods are manufactured to the time they are delivered to the customer or to distribution centers and further to retail channels. Supply chain strategies determine when the product should be manufactured, delivered to distribution centers and finally made available in the retail channel. To achieve this a

With companies now pursuing broadened supply chain strategies, the ability to manage quality in the supply chain has become more challenging. Supply chain management has a direct impact on the product quality and the overall profitability of the company. Therefore, efficient quality control across the supply chain is vital for maintaining a competitive edge in

Diversifying sourcing is now widely being seen as a critical step in making supply chains more resilient to cope with global disruptions. A trend that has accelerated during the ongoing COVID saga. The years 2020 and 2021 were hugely disruptive years. 72% of the companies experienced external disruptions to their manufacturing supply chain as per

Transparent Supply Chain

Transparency in the supply chains is rapidly becoming a priority as companies, consumers, governments, and other stakeholders are demanding details about the systems and sources that deliver goods. With more transparent supply chains, companies can connect better with consumers, build trust, and create improved visibility to all parts of the supply chain. What is supply

Supply Chain Sustainability

The COVID-19 pandemic has made businesses realize how vulnerable they are to an unexpected crisis like this, especially with regard to the global supply chains. This crisis has been a wake-up call to companies about how opaque the supply chain is. The quest to source materials and products at the lowest probable price has led

Robotic Process Automation

Now more than ever, especially due to the ongoing COVID-19 pandemic, the healthcare industry has come under a sharp focus. In the global enterprise software market, Robotic Process Automation is one of the fastest-growing segments. However, its adoption in healthcare is not pervasive yet. The healthcare system consists of multiple arduous tasks that need substantial