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Showing posts from September, 2019

How can Sustainable Supply Chain Management Impacts the Company’s Performance?

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Supply chain management (SCM) is the comprehensive process that encompasses inputs sourcing, product and services manufacturing, and product delivery to the consumer by adding value at every transaction. As the name connotes, sustainable SCM refers to the process of embracing environmentally and socially viable choices while implementing resilient practices to achieve profitable outcomes. The concept resonates with the Triple Bottom Line perspective.  In other words, sustainable SCM is defined as the systematic and strategic coordination of critical organizational processes across the business units while deriving inputs from three pillars of sustainable development; economic, environmental and social to accomplish a viable growth from the customers’ and stakeholders’ point of view. The inclusive goal is to maximize the triple bottom line performance by making a responsible SCM. Sustainable Supply Chain Management Impacts the Company’s Performance Why a shift towards

Latest Manufacturing Trends Businesses Should Incorporate for Enhanced Efficiency

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As the fourth industrial revolution is on the verge, manufacturing companies have started preparing themselves for the upcoming business model driven by digital technologies. The emergence of disruptive technologies like AI, IoT, Robotics, 3D printing, nanotechnology, and VR will reshape the production, consumption, and logistic systems. Latest Manufacturing Trends Businesses Should Incorporate for Enhanced Efficiency According to 2019 Manufacturing Trends Report by Microsoft , half of the US manufacturers have embraced automation in one or the other form to streamline their manufacturing process while making it agile and responsive at the same time. While others half are facing the danger of lagging in the competition if they fail to invest in intelligent manufacturing and engineering solutions. How do you think can you handle the profound shift across the manufacturing industry? Have you analyzed the width and speed with which these technologies will affect the bus

Impact of 3D Technology on E – Commerce

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The current ecommerce landscape has experienced a paradigm shift in the recent decade. The emergence of numerous ecommerce platforms offering online shopping has altogether altered the taste and buying patterns of the consumers. So far, everything has been going good! Ecommerce development is at its peak. According to Statista , the retail ecommerce sales in US will be 612bn USD by 2023. However, while delivering an ultimate shopping experience and a potential growth scope, ecommerce still lags as compared to brick-and-mortar stores when it comes to product visualization coupled with interactive real-time experience and engagement. So, what ecommerce strategists are doing to fill the gap? Of course, they are innovating, innovating, and innovating! Outcome: 3D Technology: Giving life to a new version of the e-commerce market! Impact of 3D Technology on E – Commerce What is 3D Technology? 3D Tech is an acronym for 3 Dimensional technologies. It is widely used in t