Information about LPS Professionals

News & Events

  • January 31, 2021
    Artificial Intelligence Robotic Hotel

    Artificial Intelligence (AI) in Procurement for the Hotel Industry

    With the 4.0 digital era industry now, digital and AI are interconnected. AI is cutting down repeated tasks by simulating human intelligence in machines. AI helpsprocurement specialists to solve complex problems and enormous data more effectively by using software applications and smart computer algorithms. These machines are automated to think, to act, to behave like […]

    Read More
  • January 30, 2021
    Logistic and transportation International

    Digital Procurement for Ship Supplies Operations

    Ship management procurement prospect has changed effectively. Since the early days of faxing over orders and waiting for vendors’ quotations, the internet has been a game-changer. With this, liaising between parties becomes much more efficient. Procurement costs can be substantial owing to the size of the business itself. Even a little change can show a […]

    Read More
  • January 29, 2021
    Supplier Compliance Risk Evaluation

    Digital Procurement for Supplier Compliance Risk Evaluation

    Digital technologies for procurement are advancing by leaps and bounds in the age of digitalisation. Cognitive computing, Cyber tracking, Block chain, Sensors, Wearables, Augmented Reality (AR) and Virtual Reality (VR) to name a few, are no longer unfamiliar terminologies for those who are in the procurement field. As a result of globalisation, companies have a […]

    Read More
  • January 26, 2021
    Co-Warehousing Spaces

    Key Considerations for Co-Warehousing Spaces

    The types of warehouses in Singapore are industrial buildings classified as B1 for clean and light industrial usage, B2 industrial buildings for general and special industries, Jurong Town Corporation type of flatted factories, ready-built spaces, business parks, and the former industrial properties which is the Housing Development Board. The functionality of the warehouse space is based […]

    Read More
  • January 25, 2021
    Cold Chain Logistics

    Telematics Applications in Cold Chain Logistics

    In cold chain transportation, the stakes are high. Fines for regulatory non-compliance, losses from spoiled perishable merchandise or worst, sick end-consumers can be the result of uncontrolled temperatures. The food and drink transportation industry is going through a revolution, influenced by modern consumer needs, new regulatory pressures and innovations in technology. In order to stay […]

    Read More
  • January 23, 2021
    Smart Warehouse

    Digital Technologies for a Smart Warehouse

    The supporting vision for industry 4.0 is that all “machines” in a value chain are linked and share vital information and data based on common standards. This meant that human contribution to the process is almost zero as humans play the role of overseeing and supporting the automation. This brings forth to the existence of […]

    Read More
  • January 22, 2021
    Product Development

    Key Logistics Considerations for Product Development

    New Product Development is more challenging now than ever before as most products are required know-how across disciplines and organizational boundaries. The interdisciplinary teams are across from the supply base to design, prototype, and bring the products to market. Furthermore, an innovation that broadening the product development views in managing the product lifecycle requires input […]

    Read More
  • January 20, 2021
    Sustainable Procurement

    Key Success Factors for Sustainable Procurement

    Organizations that seek to integrate sustainability into their business practices and strategies are increasing.  Social and environmental factors are top priorities to be embedded into procurement and buying functions, to create a sustainable procurement strategy.  The procurement strategy will strengthen partnership and facilitate smooth integration.  To obtain best-value prices, procurement professionals have to provide opportunities […]

    Read More
  • January 20, 2021
    Outbound Logistics

    Packaging Techniques for Outbound Logistics

    Outbound logistics refersto the outgoing of goods from their storage in the warehouse to transportation to various locations anddistribution of goodsto the end customers. The company to choose the correct distribution channels, maintaining a logical inventory stocking system, a good packaging process, andoptimiseddelivery solutions to ensure the outbound logistics run smoothly and efficiently. There are […]

    Read More
  • January 19, 2021
    Logistic Distribution

    Food Packaging for Logistic Distribution

    By ensuring for the quality of a product is not affected, it is essential to adopt high-profile distribution logistics, considering that typically we not deal only with our product, but with aspects related to it. Such as delivery precision, traceability, consumer protection, and also seasonality of flows. The food industry depends on timely supply of […]

    Read More
  • January 19, 2021
    Logistics Applications

    M2M Technology for Logistics Applications

    In the early 2010s, machine-to-machine innovation, or M2M technology, has matured with the advancement of communications, such as RFID, Wi-Fi, and cellular network. Sensors could be deployed to allow communications between different mechanization parts to support operations decisions. The advancement and integration of communications and machines facilitate M2M system to gain better control over hardware […]

    Read More
  • January 18, 2021
    Reverse Logistics

    Evaluating Lean Performance for Reverse Logistics

    Reverse Logistics is a money-burning business. A weak reverse logistics process brings the worst to the company. In recent years, many businesses have started to venture into this field when they realized its potential of helping them achieve business sustainability. Indeed, a good reverse logistics design can have cost-saving, sales-increasing, and gain a competitive advantage. […]

    Read More
  • January 18, 2021
    Smart Technologies for E-commerce

    Smart Technologies for E-commerce Fulfillment

    In e-commerce sector, the interaction of human and technology is key to success in the evermore competitive market. With the conveniences provided by smart devices, consumers could easily conduct research and make instant purchase through the growing number of e-commerce platforms. Online shopping has become normal consumption for millions of consumers around the world on […]

    Read More
  • January 17, 2021
    Logistics Recovery Plan Covid-19 Pandemic

    Logistics Recovery Plan due to Covid-19 Pandemic

    The emergence of Covid-19 has made a huge impact to human and worldwide economics, bringing not only serious unforeseen negative impacts but also the forces to a change towards a “new normal”. The loss and fallout from the pandemic are increasingly clear, while its ending is not within sight. Many sectors are experiencing difficulties and […]

    Read More
  • January 17, 2021
    Warehousing Solution

    Essential Considerations for Selecting Warehousing Solution

    Warehousing plays an important and strategic role in the supply chain. Nowadays, many companies choose to adopt the Warehouse Management System (WMS) to optimize their warehousing process. Selecting the right WMS can bring down the initial investment cost and avoid high maintenance/upkeep cost. The main warehouse operationsare inbound and outbound. They include goodsreceipt, put away, […]

    Read More
  • January 11, 2021
    Negotiation Purchase Contracts

    Negotiating Essential Clauses for Purchase Contracts

    Contract negotiation does not necessarily equate to getting the cheapest price.It can also be in terms of quality or service etc. Contracting is defined as a process based on project management plans and developing budget specifications to closeout a contract with a set of document detailing an agreement of legally binding terms. When both parties […]

    Read More
  • January 10, 2021
    Tropical fruit

    Crucial Factors for Sourcing Tropical Fruits

    Tropical fruits originate from regions with tropical climate environment. But tropical fruit does not mean that the fruit is limited to the region, as some farmers from warm temperate regions may grow them, just like subtropical fruits are occasionally grown in tropical regions. Tropical fruits are very sensitive to the temperature of cold and frost. […]

    Read More
  • January 9, 2021
    Machinery and Equipment

    Procurement Considerations for Heavy Machinery and Parts

    The purpose of identifying and selecting an appropriate procurement consideration is to find the best way to obtain the solution and result to satisfy the needs of the end user for obtaining the most advantageous pricing and contractual conditions through a competitive process. Finding the best heavy machinery and parts can often be a challenge […]

    Read More
  • January 8, 2021
    Procurement Techniques

    Procurement Techniques to Manage Indirect Spend

    Procurement departments of all companies’ sizes recognize that controlling both direct and indirect spending is an important part of keeping costs down. By creating value and promoting the sustainable competitive strength for the organizations. In the past decades, most organizations have primarily concentrated on maximizing management on direct spending. As it is directly linked to […]

    Read More
  • January 6, 2021
    Cybersecurity Risk Digital Procurement

    Cybersecurity Risk Mitigation for Digital Procurement

    Modern procurement processes integrate several technologies to better process internal business operations. Organizations are rapidly using automated procurement management tools, whether using enterprise resource planning (ERP) or less advanced tools. As more e-procurement tools are introduced to the IT stack of a business, the role of cybersecurity in the procurement process becomes crucial to protect […]

    Read More
  • January 5, 2021
    Integrated Facility Management

    Procurement Techniques for Integrated Facility Management

    Integrated facility management procurement process is a process of integration within an organisation, taking care of maintaining and developing the agreed services which support and improve the effectiveness of its primary activities. The purpose for a procurement process of Integrated facility management is to select the best bidder who can deliver the services required by the client over […]

    Read More
  • January 4, 2021
    Supply Chain Management illustration

    Essential Steps to Manage Supplier Performance

    Supplier performance management is the practice of measuring and analysing the performance of a suppliers to understand the cost, quality and risk impact on the business. Supplier performance can have a direct impact on the profitability of a business as most companies depend on timely delivery, price reduction and service quality to increase profit.  Hence, there […]

    Read More
  • January 3, 2021
    Negotiating Corporate Travel Deals

    Key Strategies for Negotiating Corporate Travel Deals

    Negotiation is one of the decisive tools for buyers. Most businesses find it is complex to negotiate great corporate travel deals especially challenging getting great deals out of service providers such as airlines, hotel chains, local transportation companies, and telecom carriers. Effective negotiation is simply a technique, a process by which compromise or agreement is […]

    Read More
  • January 2, 2021
    Warehousing Risk Mitigation

    Warehousing Risk Mitigation for Hazardous Chemicals

    Hazardous chemicals are substances, mixtures or articles that pose a significant threat to the environmental, health, and safety well-being of workers if they are not managed in a safe and compliant manner. In regard to chemical hazards, it consists of an inherent set of properties that are associated with the chemical that could cause adverse […]

    Read More
  • January 1, 2021
    Inventory Optimisation

    Inventory Optimisation for the Life Sciences Sector

    Life sciences sector companies are facing huge supply chain challenges with commercial, operational, and strict regulatory factors contributing to creating a unique production environment. These include the necessity to supply very high service levels, products tracking and tracing to avoid both errors and counterfeiting and therefore the got to suits regulations which may vary greatly […]

    Read More