In global engineering and manufacturing environments, the terms sourcing and procurement are often used interchangeably…
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Engineering and manufacturing projects are becoming more demanding than ever. Clients expect faster delivery, lower costs, higher performance, and seamless integration between equipment, systems, and processes…
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Concern for the environment triggered by global warming and rising incidents of extreme climate events have goaded nations into action to follow sustainability in every activity. As a major driver of the economy, manufacturing and ecommerce have also come under…
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Logistics and supply chain form a closely interconnected system, which is an essential prerequisite for any business, with the potential to make or mar its prospects, depending on how efficiently it works.
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A supply chain is a network formed by a company and its suppliers for sourcing material inputs to manufacture products that are delivered to the final buyer, the consumer. This network involves various activities, entities and resources.
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Digitization – the process of converting text, images or sound into digital form – is not a recent phenomenon as many believe, but is as old as computers, which made their appearance in the 1950s as the mainframe with magnetic storage in a very small way.
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In the wake of severe disruptions caused due to the recent pandemic and geopolitical disturbances, the global supply chain networks have been affected unprecedentedly. It has highlighted the lack of global resilience in supply chains and pushed manufacturers and…
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Logistics and supply chain are the moving force of an organization. Talking about the engineering sector, as consumer demands continue to rise and the scope of operational needs widens, the role of logistics and supply chain becomes of paramount importance.
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Every engineering project accomplishment is a result of efficient management of procurement and supply chain operations. It includes a wide array of activities responsible for order fulfillment while maximizing profit and achieving customer satisfaction.
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India is gradually emerging as one of the most competitive supply markets in the world in Best Cost Country (BCC) sourcing. Superior supply chain performance, consistent quality, relentless development of infrastructure, availability of skilled workers, manufacturing abilities, and various other elements are contributing to the success of India as a reliable sourcing destination.
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