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Material Requirements Planning (MRP)

Ever baked cake before? Do you know the ingredients you need to make Vanilla cake? I do!! You need Butter, Sugar, Eggs, Self raising flour, Baking Powder, Vanilla extract and a Pinch of salt. Each and every one of these ingredients has an important role it plays in making sure that your vanilla cake comes out of the oven smelling amazing and tasting even better. Should you miss any of these ...
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The Purchasing Cycle

Purchasing is the act of buying the goods and services that a company needs to operate and/or manufacture products. Purchasing procedures are "the series of activities designed to obtain products of the right quality and quantity at the right price and time and from the right source.― Traditional Purchasing Procedures: In this traditional model, purchasing was seen as essentially a clerical ...
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  Lean supply chain management is about reducing costs and lowering waste as much as possible. It is not exclusively for those companies who manufacture products, but by businesses who want to streamline their processes by eliminating waste and non-value added activities.  A Lean supply chain is the epitome of a good supply chain. It delivers supplies to a customer with minimum amounts...
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