Supply Chain Rationalization

Supply chain rationalization is the risk-based approach:to select the right suppliers andthe right number of suppliersfor the type of product or service.Rationalization could lead to:Decrease in suppliers to be managedSome places it might increase as...

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Jun 27, 2021
Supplier Lifecycle Management

Supplier Lifecycle Management is a best practice approach for selection, monitoring, classification and creation a long-term partnership to:Mitigating riskReduce costsEnsure complianceSustainable supplier relationshipIt is end-to-end approach to mana...

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Jun 27, 2021
Fault Tree Analysis

There are two most commonly used gates in the fault tree analysis: AND Gate and OR Gate.OR Gate - Output occurs if any inputs occur.- If all of the inputs fail, the system fail.AND Gate - Output occurs if all inputs occur.- If any of the inputs fail,...

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Jun 17, 2021
5 Tips For Better Communication With Your Supplier

it is important to maintain supplier relationships, as the suppliers are the backbone of your business. They provide the materials, components, and services that a company needs to operate. Here are some tips to have open communication with suppliers...

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May 01, 2021
What is a SWOT Analysis and Why You Should Be Doing It?

The SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis technique helps in identifying the strengths, weaknesses, opportunities, and threats of a given business, organization, or project. There are many reasons why this technique is imp...

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Apr 24, 2021