In a vendor-managed inventory (VMI) system, the producer of a good or another supplier is in charge of making the best use of a distributor’s stock.
Month: February 2023
The process of modernizing and making a company’s supply chain more digital is referred to as “supply chain transformation.”
Tqm stands for total quality management. The definition of the total quality management system is a management approach to long-term success through customer satisfaction. TQM can be summarized as in management system for the customer-focused organization that involves all employees in continual improvement.
Vendor managed inventory ( VMI ) is an inventory management strategy in which a product’s manufacturer or other supplier is in charge of making the best use of a distributor’s stock.
“Excellence is the unlimited ability to improve the quality of what you have to offer.” –Rick Pitino What is Six Sigma ? The model was proposed…
Introduction Pharmaceutical businesses can’t survive financially without working capital management. In this article, we will examine many methods pharmaceutical businesses use to oversee their working capital management and…
The supply chain is becoming more intelligent, networked, and technologically advanced as a result of Logistics 4.0.
Consumer accountability drives quality and efficiency.” – Pete Hoekstra 8D Problem Solving Eight disciplines 8D problem-solving methodology was developed in Ford Motor Company which was used…