Latest trends and knowledge in Operations Management
In this list of 100 agile terms to know, we have explained in very simple language the most common jargon used in Agile Project Management. Agile project management is an iterative approach to planning and guiding project processes. It emphasizes flexibility and collaboration and is often used in software development. The Agile methodology is based …
Agile project Management benefits span from enhanced customer focus to increased savings. In this overview, we have found 19 Agile project management benefits that you should know about to embrace change and digital transformation in your organization. project management is a methodology that emphasizes flexibility, collaboration, and customer satisfaction. It is based on the Agile …
19 Agile Project Management Benefits: A Comprehensive Overview Read More »
Which Agile Project Management method to use is a pertinent debate among practitioners. Considering its flexibility and simplicity of adoption, it has become a go-to methodology for managing projects. The State of Agile Report published in 2018, studied the existence of 15 plus agile methodologies used among practitioners. In this article, we will focus on …
8 Agile Project Management Methods and when to use – A Detailed Guide Read More »
We wrote a detailed blog on Lean Supply chain management here. Please visit the link. We believe it will be value adding to you This post specifically focuses on the various tools used in Lean Supply chain management. Tools for Lean SCM employs the usage of various tool. In this blog post, we have discussed …
The term CPFR (Collaborative planning, forecasting, and replenishment) refers to the business process where two or more trade partners pool their resources to develop strategies for meeting client demand, to boosting availability while lowering inventory, transportation, and logistics costs. CPFR combines knowledge of SCM, Inventory Management, and Demand Forecasting among others for fruitful results for …
CPFR-Collaborative Planning Forecasting and Replenishment – A Comprehensive Overview Read More »
Definition Lean supply chain management focuses on the elimination of waste from the waste. In a nutshell, lean supply chain management is all about streamlining your company’s supply chain in order to eliminate waste and improve efficiency. By reducing or eliminating non-value-added activities throughout the supply chain, lean supply chain management can help your company …
Supplier selection criteria form the very basic procurement strategy. The criteria for supplier selection is a mission-critical task that falls under the purview of the purchasing function. This is especially important to keep in mind when we are discussing strategic components as well as bottleneck components. In neither of these groups is there any evidence …
Supplier Selection Criteria – An Absolute Guide with Checklist Read More »
What is knowledge based sourcing supply chain? Both the theory and practice of purchasing are continuously evolving. This had led to the emergence of knowledge based sourcing. It is, in fact, an ever-changing and developing field in terms of both theory and practice. When one considers the growth of purchasing over the past three decades, …
4 Stages of Knowledge Based Sourcing – All you Need to Know Read More »
What is Kraljic Matrix or Krajlic Purchasing Portfolio Matrix? “What is the most effective method for buying management?” “What is the most effective tactic for buying and getting supplies?” These are questions that have been asked in the past by a large number of practitioners as well as academics, and they continue to be asked …
Kraljic Matrix – A Comprehensive Guide for your Procurement Strategy Read More »
Definition and Introduction Lifo Stands for last in first out (LIFO) approach of inventory pricing makes the assumption that the costs of the first item sold are the same as the costs of the most recent purchases. In general manufacturing parlance and Inventory management, LIFO also relates to letting go of your most recently produced …
LIFO-Last In First Out Inventory Management – 7 things to know Read More »
