Imagine a warehouse overflowing with boxes, a silent testament to miscalculations and changing trends. This isn’t a scene from any movie; it’s a reality for many businesses struggling with Excess Inventory/ stock. This seemingly harmless surplus can quickly become a financial burden, tying up valuable resources and hindering growth. How Stock Piles Up? There are […]

Believe it or not, the supply chain strategy of your company multiplies your regular operating costs manifolds than you would realize. Why? Since it is not a reliable tool to assist you in saving money on a monthly or quarterly basis. If you want to see long-term outcomes that simplify and enhance your budget, you need

Procurement is difficult to define, and digital procurement is the most difficult of them all. It is an important procedure for firms but is completely grasped by only a few people. Even though said responsibilities are distinct, the term is sometimes applied synonymously with purchasing or sourcing. Procurement is a considerably larger job than buying,

Digital Transformation in Procurement – A Thorny Rose! In the recent past, there is a lot of buzz around new digital technologies like Artificial Intelligence (AI), Robotic Process Automation (RPA), Machine Learning, Big Data, Natural Language Programming (NLP) and Block Chain etc. There seems to be a generic opinion that these are going to (de)struct(ure)