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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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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, […]

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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]