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 stands for maintenance, repair, and operations. In terms of MRO sourcing, it refers to the products and tools such as electronic components, automation, and control, equipment related to testing and measurement, engineering tools and consumables that are utilized to keep an organization running. In the ever-changing world, MRO sourcing has been redefined with the integration of advanced digital technologies such as IoT, blockchain, machine learning, artificial intelligence, predictive analysis, etc. This investment in supply chain technology has enabled corporate companies in cutting down expenditures, eliminating unnecessary links. This optimization of the number of links is also beneficial in lowering the associated risks in the process of shipping and receiving. [...]

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. [...]

Digital level has emerged as the primary facet for consumers due to the onset of COVID-19 and the resulting enforcement of lockdowns across countries gave way to the emergence of online shopping in many industries. Digital revolution continues to reshape consumer lives, industries, and economies every day. Buying and selling of goods and services using the Internet, smartphones networks, and commerce infrastructure.[...]

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.[...]

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 [...]

Reduce Operational Expenses by Consolidating MRO Procurement process under one roof with IndustryKart. It’s been an excellent opportunity to have a single one source for all MRO rather than having different suppliers for different products. In this fast-paced digital world, everyone is looking at building good links with key suppliers and let them add into their business to reduce inventory costs. Various companies are working hard to improve operational efficiency by managing numerous factors such as what a company is buying, at what amount, how often and for how much. Consolidation renders a great transparency around expenditure analytics and a company can collect this invaluable data in order to identify off-contract spend and present a question back to their stakeholders. [...]

Safety comes first always! Nowadays LED Lighting has been demanding more in order to reduce energy costs and lower maintenance costs. Electronic LED lighting is proven to be more energy efficient and longer lasting than traditional illumination, high pressure sodium, or metal halogen lighting. There are numerous benefits of using LED Lighting in factory apart from its common longer life feature. Due to how they are built and how they function, LED lights comes with a promise of providing Energy efficiency utmost. [...]

Robust Strategic procurement process ensures a timely supply of goods and services that an organization seeks to meet its key objectives. It carries proven actions aims at reducing the overall supplier base, negotiations, communications, and working to maintain abiding relationships with suppliers. It is relevant not only with globalization aspects but also on the sales side, it enhances constraints on the company’s prices and on the purchase side, it opens up new prospective. [...]