Workplace safety is important to maintain but hard to manage when safety items, machinery equipments, fire protection devices, control panels are wrongly installed. Testing fire alarm system on regular basis, safety towards electrical wires and cables, lighting, motor, keeping an eye on storage area and check about smoke in Demarcated areas are somehow difficult to manage. Workplace safety can be managed easily before they cause too much damage, especially when the verified and authenticated fire detection tools are installed. With safe storage, correct installation of electrical products, hand tools, power products, clean environment, and regular maintenance, workplace safety can be ensured. [...]

MRO Inventory may vary from company to company but Leaning MRO (Maintenance, Repair and Operations) Inventory through Artificial Intelligence is important for a firm to run straightforward with efficient productivity in the long terms. In case of any breakdown or any mishap, Lean MRO Inventory can tell about the availability of items very quickly and protect an organization from Overproduction, Waiting time, Transportation, Scrap and others. [...]

To make the Supply Chain transparent, usually online-verification codes are given to consumers but the effort required can inhibit widespread adoption. We all know that Supply chain transparency is a process in which companies get to know about the correct happening upstream in the supply chain and to communicate this useful knowledge both internally and externally. This process has become increasingly precious due to the more demands of consumers for the sake of safety. [...]

Workplace safety becomes utmost important if an organization has to get fruitful outcome in accordance with their employees. It has been said that everyone needs more protection to stay away from exposure of specific hazards in order to do more work. PPE refers to equipments which protects every worker against health risks during job. [...]

COVID-19 time stunned those organizations who believed that their supplier risk and business continuity plans were cheat-proof. Having limited or no visibility beyond the primary supplier and depending on manual operations to identify and iron out any potential risks proved detrimental. Although organizations did find ways to receive their supply chains back up and running, but an organization can put together few more key points and consolidate into their master plan to hit supplier risk and cyber threats. • Assessment According to revealed stats, it has been noticed that 89% of companies experienced a supplier risk incidents in the last 5 years. Various types of risks viz. operational risks, Geo-political risks, monetary risks, legal and obedience risks, reputational and information security risks, etc. should be taken care of and shouldn’t limited to the primary supplier but takes into account the supplier’s supply chain accordingly. • Management Once the correct key point indicators are set, organizations can periodically review their suppliers’ performance score and can classify them based on their risk levels. If risk level run beyond the minimum gateway, then the concerned authorities could be asked to undertake mandatory Supplier Corrective Action Request programs. So that they will have a crystal clear image of the possible risk factors revealed above. • Monitor Keeping an eye for events and news across various parameters on a real-time basis is always the best option to use. Automated alerts, risk trends, observations, etc., can help businesses stay ahead of the curve. They can also be prepared for a black swan event like the pandemic. Having a healthy and mixed pool of suppliers, which can be classified according to their risk scores on a real-time basis, allows organizations take the right turns to avoid any adverse situation and acquire a competitive advantage over their peers. [...]

Online B2B marketplaces offer multiple benefits to business like huge transparency in product, service, and supplier availability along with the pricing and purchasing terms. Trend of new Pressures and Offerings, Inspite of Complex, indirect spend categories are reshaping the future of Indirect Procurement [...]

Every organization dreams to pay the best prices for goods or services, saves time by choosing the most reputable vendors, and seeks minimize order delays and faults. Moreover, Supplier, Manufacturer, and the Customer have to be in a single Digital Ecosystem where all relevant data and information can be accessed immediately in the cloud.[...]

Coronavirus has smashed the world at an unparalleled stage. Companies have to adapt to the next normal today in order to bounce back successfully in a post-covid marketplace. It has become challenging for most businesses to keep their financial wheels turning during the lockdown period due to less revenue levels and the general uncertainty happening everywhere.[...]

How often do you track your shipment right after placing orders from some e-commerce site? One, twice, thrice, or most often until it reaches you? With the increasing technological advancement and customer awareness, the way businesses ran earlier has completely changed. Gone are those days when it would take weeks and months to deliver goods. People know that the entire shipment process is tech-aided and hence expect their delivery as soon as possible. Here is when strategic procurement comes into play. It's one of the most critical parts of the supply chain that should be adopted by every big organization. A well-designed strategic procurement means improved business performance that focuses on the bottom-line savings in the long run. [...]

COVID-19 has created a remarkable impact upon the world of business, as supply networks for industrial processing and multinational manufacturing have been seriously affected. Maintenance, Repair and Operations (MRO) are strictly important for the seamless running of companies, any breakdown in the MRO supply chain can lead to massive operating costs due to interim suspension. But with the worldwide disruption, industries are striving to maintain as much conti-nuity as possible in their machine-parts and maintenance material supply. This is having an ex-ponential effect on the whole MRO supply chain.[...]