Aahana Ashi
The village level entrepreneurs who have been nurtured in Common Service Centres are proving their worth by offering many solutions at grassroots level in times of Corona lockdown.
0
Aahana Ashi
Related Articles
Even the wealthiest countries struggled in supply chain management during the crisis.
India turned its humble workers across the crucial networks as supply warriors.
0
The severity of supply chain disruptions has increased tremendously in the past two decades, making it impearitive to invest in supply chain risk management
0
Supply Chain Finance in India In India, the development of business has seen a speedy growth in recent times due to the integration of various socio-economical & financial factors. A business, no matter whether it is small or large, is always in need of working capital which is the financing requirement to fund everyday expenses other than fixed assets. Businesses take Small Medium Enterprises or MSME loans from several banks and financial institutions to fund the need for working capital. Supply chain finance is short-term finance for working capital that can be used by suppliers or dealers having a positive relationship with enterprise to enhance the need of working capital. Benefits of Supply Chain Finance Supplier Manufacturer Dealer Increase cash flow Reduce investment in working capital Provide working capital for the purchase of inventory Offer post-shipment financing Minimize the cost of goods sold Low cost of funding rather than other products of working capital Decrease the cost of capital Reduce total cost of borrowing Automatically decreases the administration cost Advance payment reduces financial dependence on buyers Automation reduces Improve financial discipline Documents required for Supply Chain Finance in India Identity and address proof of owner as well as business.
0
As we navigate the post-pandemic world, the future of Supply Chain Management (SCM) in India looks to be on the cusp of a major overhaul, adapting to new realities and leveraging technology for resilience and efficiency. Sustainability Focus: Increasing emphasis on sustainable and eco-friendly supply chain practices, driven by both regulatory pressures and consumer demand. Localized Supply Chains: A shift towards more localized and decentralized supply chains to mitigate risks associated with global disruptions and to support the "Make in India" initiative. Long-term goals include:Establishing a fully integrated digital supply chain network, connecting suppliers, manufacturers, and customers seamlessly. Through strategic adaptation and innovative practices, the country is set to redefine its position in the global supply chain network, making it more resilient, sustainable, and efficient than ever before.
0
In this text, we will explore the factors contributing to building a resilient supply chain and its key benefits. Invest in Flexibility: Design your processes and products with flexibility in mind. Build Safety Stock: Maintain a buffer of critical raw materials and finished goods. Here's how it contributes to building resilience: Centralized Data Hub: SAP B1 acts as a central repository for all your supply chain data. Enhanced Collaboration: The system fosters seamless communication with suppliers and partners, facilitating information sharing and joint planning.
0
The primary difference between supply chain management and operations management is that the supply chain deals with materials that are received or sent from external places, but operations management is more involved with the internal processes. To manage this change in deliverables and expectations, supply chain management needs to rework its traditional best practices and embrace digitalisation on a large scale. With end-to-end supply chain visibility, it will be easy to plug in the loopholes existing in the supply chain. The concept of supply chain digitisation will be clearer for aspiring supply chain professionals by educating themselves through a supply chain management certificate course. Below are 5 strategies that organisations can implement for the digitalization of operations and supply chain management.
0
