Bill of Materials
What is Bill of Materials (BOM)? A Bill of Materials (BOM) is a complete list that gives detailed information about all the raw materials, components, subassemblies, and parts required...
Material Flow in Supply Chain
Understanding Material Flow in Supply Chain Material flow is a way in which goods are transferred between suppliers and customers in any operations. Planning the processes makes the process...
Lean vs Circular Supply Chain
Understanding Lean Supply Chain A lean supply chain seeks to attain topmost efficiency alongside the least possible waste. This concept is rooted in lean manufacturing, where every activity is...
Nearshoring in Supply Chain
What is Nearshoring? Nearshoring is a business model in which firms relocate manufacturing or sourcing to their core market. The nearshore meaning signifies moving functions to neighbouring nations, enhancing...
Urban Logistics
What is Urban Logistics? Urban logistics concerns the flow and distribution of products in urban areas. It guarantees ease of movement, as there are improved urban delivery systems that...
5 Essential Stages of Supply Chain Management
Various Stages of Supply Chain Management Supply chain management is the cornerstone of the successful functioning of a business. It consists of a series of interlinked processes that guarantee...
