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.
Author: Monica
Supply Chain 4.0 refers to the reorganization of supply chains using “Industry 4.0” technology, including design and planning, production, distribution, consumption, and reverse logistics.
The reverse logistics process typically entails recycling, disposal, recalls, repairs, and repackaging for restock or resale.
In order to attain high levels of quality and efficiency, Six Sigma is a data-driven methodology that focuses on process optimisation and minimising variability.
Reverse logistics covers all operations related to the upstream flow of commodities and goods. It is “the process of moving items away from their typical final destination in order to realise value or appropriately dispose of them.
The promotion of brands via the internet and other digital communication channels is known as digital marketing
All actions connected to the upstream flow of goods and commodities are included in reverse logistics. It is “the process of relocating products away from their usual final destination in order to capture value or dispose of them properly.”
Service support is crucial in industries like computers, telecommunications, and aviation replacement parts, etc. In any circumstance, the parts’ accessibility and response time become critical.
The Human Resource team now works differently and engages with employees as a result of the digital transformation.
As part of the process, departments from HR to finance to purchasing to marketing and even the product team must be prepared and understand how data, design, and technology will affect them.