Our world today is surrounded with the ever-changing modern technologies and endless data exploration within our reach. On this constant development and the revolution of big data are evolving the human race on Artificial Intelligent (A.I.) dependence for a better managed environment and the convenience in life. A.I. is the key driver of the fourth […]

Companies of all different kinds are entering the autonomous vehicle market. Due to the potential in which autonomous vehicle can drastically improve situations in the companies, huge amounts of funds have been invested into this area for research. The hype that self-driving vehicles will have an immense impact on individual consumer travel, but it will […]

What are Robotics? Is it a wise decision to use robots instead of humans in the cleaning sector? What will robots look like in the future? Will humans ever become more robot-like? Robotics comes from the word “robota” which means the force to work. Today, we use the word “Robot” to introduce the man-made machine […]

According to the book “Contemporary Logistics,” the military first used the term “logistics” to describe the process of supplying a war zone with troops and equipment. Today, businesses use logistics to manage the flow of products from production to delivery. Additionally, certain companies that deal with the supply of goods have dedicated logistics department. A […]

The technology evolves in such killing pace had created many complications for logistics service providers such as third-party logistic (3PL) and fouth-party logistic (4PL). The new emerging technology such as 3D printing, autonomous vehicles, business models using network platform-based and sharing economy demand increases as it provides the fulfilment of client for the ease of […]

Negotiating in business is absolutely critical to your success. Poor negotiation can cripple a company just as quickly as losing key customers. Emotion, luck and magic have no place in a successful negotiation. It takes an iron gut, homework, street smarts and unblinking discipline. The process of negotiating demands good business judgment and a keen […]

The port and logistics sector has traditionally been a slow adopter of technology compared to other industries such as financial services, yet in recent years there has been an explosion of innovative technological developments in the sector centred on Industry 4.0. In this industrial age, organisations who are better at exploiting technologies and information are […]

Measuring Purchasing performance is essential for effective management and continued improvement of the purchasing function. Purchasing evaluation provides vital feedback to the purchasing department as well as top managements for assessing the effectiveness of an organization’s purchasing strategies and decision-making processes. Overall performance of an organization is strongly affected by how well the purchasing function […]

The rapid growth of emerging technological innovations is molding the future of the global maritime industry to its next stage of challenges. For instance, we are no longer talking about engineering feats, building bigger and better vessels, infrastructures and creating deeper wharfs. What we are looking at now is the integration of existing IT assets, […]

Contents1 What is Artificial Intelligence?2 New Capabilities with Artificial Intelligence3 Challenges and Risks4 Preparing Procurement with Artificial Intelligence 5 Conclusion What is Artificial Intelligence? Artificial intelligence (AI) refers to simulated intelligence in machines. These machines are programmed to “think” like a human and mimic the way a person acts. The ideal characteristic of artificial intelligence […]

This article highlights the five key techniques for inventory management and control. Inventory Management is “the practice of planning, directing and controlling inventory so that it contributes to the business’ profitability”. Inventory management can help business be more profitable by lowering their cost of goods sold and/or by increasing sales. The five important techniques for […]

Over the past 15 years one has seen technology infiltrate in each and every corner of our lives. In parallel with this, as the automation technology develops and matures, we have seen automated warehouse being accepted as a standard technology. Technology is also improving simultaneously with the implementation of “hybrid” manual operations and handling techniques. […]

Supply chains are increasingly complex in this globalized world. Connecting people, processes, data and products is incredibly difficult, which is why the Internet of Things (LOT) is tipped to cause a big bang in how supply chains operate. We have long anticipated the introduction of robotics into the supply chain. We have predicted the potential […]

Digital procurement can dramatically enhance the jobs of those who work in the corporate procurement organization. The energy spend category is a great example. Years ago, most companies received and paid bills from energy utilities without question, similar to how many consumers still pay their home energy bill today. However, competitive pressures on procurement organizations, […]

The Construction sector is considered to be a basic industry on which the development of the country depends to a great extent, the growth of the construction companies is determined by the quality of the companies and their capability. Therefore, purchasing is the act of buying the goods and services that a company need to […]

Contents1 Introduction 2 The Five Pitfalls to Avoid3 Amount of usage in and out of the building increases4 Decreasing energy consumption of the building5 Successful Smart Building6 Conclusions Introduction With advanced technology driving the digital evolution, organization have to adopt technology, and that the project manager tends to occupy the prime communicating position on building […]

All warehouse managers know that it is never straight forward in managing operations for a warehouse facility. Warehouse operations managers need to ensure the efficient flow of products that is going in and coming out of the facility; optimize the building’s layout; ensuring orders are fulfilled and products are not overstocked. On top of all […]

There is a lot of talk regarding latest industrial trend where digital technologies, such as the Artificial Intelligence, Internet of Things, 4D Printing, Mixed Reality and Robotics Process Automation. We believe that new technologies will significantly change the way we work, and will transform the procurement. Procurement is one of the most obvious functions that […]

This article discusses the Medical Store at central-level stores and at regional district-level stores that are independent at health facilities. This supply model represents the tradition top-down system that is operated by governmental or parastatal entity or a nongovernmental organization; however, a number of countries have now decentralized many of their pharmaceutical sector operations, including […]

Warehouse describes a facility where it served the purpose of storing goods. In ecommerce, warehouses are mainly used to keep items on stock to make sure the short delivery times needed can be fulfilled. Obviously, there are many other uses for warehouses outside of ecommerce. Just think of production warehouses with parts or warehouses to […]

Over the years, the increasingly global marketplace and upsurge in consumer awareness and demand have forced industry into a constant balancing act. At the same time, companies across the world strive to offer quality products and services to their clients to earn considerable amount of profits. The main objective of strategic sourcing including to save […]

Imagine the day where all the daily daunting warehousing activities can be remotely coordinated comfortably in a virtual warehouse, welcome to the reality and future of warehousing operation. In today business world time is money, organization are seeking ways to increase profitability while reducing cost, organization exploring new innovation to simplify process, optimize current warehouse […]

Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Procurement operations support tactical day-to-day transactions such as issuing Purchase Orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. These skills involve analyzing high-volume purchases and […]

Contents1 An overview of Shipbuilding industry in Singapore2 Strategy 1: Understand the importance of Marine Class & always adhere to the requirement 3 Strategy 2: Use Kraljic Portfolio Purchasing Model 4 Strategy 3: Make technology work for you 5 Strategy 4: Fact-Based Negotiation 6 Strategy 5: Adopt Total Quality Management (TQM)7 Conclusion An overview of […]

Oil and gas companies operate in dynamic and complex environments where they face constant challenges, especially in terms of supply and demand. Now, with oil prices at historic lows, procurement plays an important role within the spectrum of humongous oil and gas industry.