Tuesday, May 3, 2016
Saturday, April 30, 2016
Supply Chain Management has become popular in the past few years. There are several reasons for this but the main reason is that every company wants to save time, keep the environmental issues in mind as well as deliver quality products to their customers. The customer wants regular and faster flow of products, the company wants to fulfill the demand of the customer as well as gain profit. Supply chain management helps in achieving that task.
What is Supply Chain Management?
The term Supply Chain Management is defined in several ways. Some authors call it a management philosophy, some call it an operational technique while some call it management process. Even the terms involved in Supply Chain Management are rather complicated which makes it difficult to understand and utilize it. Therefore there is a need to define supply chain management in a proper way.
It is also noted that in the past more authors have defined Supply Chain, instead of defining the term supply chain management and in this case the term Supply Chain is defined as a set of three or more entities (organizations or individuals) directly involved in the upstream and downstream flows of products, services, finances, and/or information from a source to a customer.
Upstream flow deals with the organization and the supplier and the collection of raw material while downstream flow deals with the processing of the raw material by the organization, finish the product and then make sure it reaches the customer.
Supply Chain can be divided into three degrees of complexities.
- Direct Supply Chain.
- Extended Supply Chain.
- Ultimate Supply Chain.
A direct supply chain consists of an organization which deals with both the supplier and the customer involved in the upstream and/or downstream flows of products, services and finances and information.
Tuesday, April 26, 2016
Sunday, April 24, 2016
There was a time when I used to talk a lot. I want to change the world one person at a time, do this and that from Pakistan. Talking is fun. It always is. Talking is easy as well. But then something happened and changed the way I felt or saw life. It was time to be practical. I always had three aims in life (will tell later someday). I thought lets get started. I asked myself. How? I had no clue. There was university. Part time jobs. Loneliness. I was sitting one day and I saw an old book on the table and a 1 Pound coin near it. I smiled! Look at me planning and have no savings or sources. It was embarrassing. I just had to experiment. I had no other choice. I had to take the risk. I started at a smaller scale. The feeling was amazing. It made me so happy! The results were more than amazing and the blessing from heavens more than anything. Anyways, long way to climb the ladder. But summary is. You can do what you want to do. If you want to do. From a torn book in your store room and a 10 rupee not worth using note from your pocket money or even with a smile. Goodness costs nothing. Only a matter of trying. You can climb the moon, reach the stars, you can change the people around you, you can make a difference.