Information about LPS Professionals

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  • October 13, 2020
    Big Data Analytics

    Big Data Analytics for the Healthcare Supply Chain

    The future of big data is unshakable and clear. Technologies like Internet-of-Things, machine learning, artificial intelligence, and more are making their ways into our daily lives. Data analytics is the process of analysing structured and unstructured data sets to provide real-time information that can facilitate the healthcare decision making and to maximize the decision value in the supply […]

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  • October 13, 2020
    Supplier Innovation

    Digital Technologies for Supplier Innovation

    Supplier innovation is one part of procurement’s managing supplier strategy. Procurement can use new digital technologies and systematic approaches to make a success of supplier innovation which is digitally manage a more complex supply chain and accelerate the performance of the strategic supplier. Connect and coordinate suppliers’ information ecosystem to delivers maximum flexibility, visibility, efficiency, […]

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  • October 13, 2020
    Last Mile Delivery

    Crucial Factors for Last Mile Delivery of the Corporate Gifts Sector

    The corporate gift industry has a specific needs which are different from a lot of industries. It’s main practise is creating a touchpoint with client, employees or any target audiences through the use of a gift. In its order cycles there are many factors that contribute to the overall qualities that customer are expecting. Table […]

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  • October 13, 2020
    Distribution Logistics

    Real-Time Location System for Distribution Logistics

    The Real-Time Location System (RTLS) incorporates technology that identifies and tracks the geographic location of objects and humans in real-time. Generally, RTLS is placed within a building or facility area. A wireless Real-Time Location System tag or badge are often attached to an object or worn by personnel, the signal transmitted from the tag is […]

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  • October 12, 2020
    Covid-19 on Logistics Transportation

    The Implications of Covid-19 on Logistics Transportation

    The impact of covid-19 has been largely felt across different sectors and not evenly spread. In fact the effect has been heterogeneous. The Covid-19 pandemic has infected millions of people around the globe and spread with alarming speed and bringing economic activity to a near-standstill. As a consequence the world of cargo has suffered losses […]

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  • October 12, 2020
    Costing Acquisitions

    Procurement Considerations for Life Cycle Costing Acquisitions

    Life Cycle Costing Acquisition is a process that acquires item or equipment from another organisation in legal and ethical manner that based on life cycle costing (LCC) i.e. whole cycle of item or equipment of its desired service life. This aspect is worth consideration as it is highly overlooked by stakeholders that may greatly impact […]

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  • October 12, 2020
    Dangerous Goods Logistics

    Integrated Logistics Practices for Dangerous Goods

    Dangerous Goods (DG), as its names indicate, will result in severe consequences if handled incorrectly. Dangerous goods may pose a potential hazard to the safety and health to humans and the surrounding environment. It can also become a terrorist weapon that could cause potentially dangerous situations with disastrous outcomes. Transporting dangerous goods are often challenging, but with the proper infrastructure and technology, can eliminate risk and provides your business […]

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  • October 11, 2020
    Smart Logistics

    Automation Technologies for Logistics Service Providers

    Today’s new generation of automation technologies has become the greatest innovation in achieving high standard practices for all businesses. It provides ultimate value and understanding of the workflow of everything that has shown a quick response according to its functions. The evolution of Automation Technologies has improved simultaneously for Logistics Service Providers, enabling various modes […]

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  • October 11, 2020
    Outbound Logistics

    Effective Packaging for Outbound Logistics

    Outbound logistics refer to the outgoing of goods involves transportation, storage, and delivery that brings the products to the customer. And to move the finished product to the customer, there will be several things to consider from the packaging of finished goods and delivery to varies destination. Order from the customer can go from one […]

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  • October 10, 2020
    Supply Chain Incoterms

    Major Considerations for Incoterms 2020

    Incoterms are to define the responsibilities of buyers and sellers for the delivery of goods under sales contracts. It is the authoritative rules to determine the costs and risks allocated to the parties. They are used regularly incorporated into the contracts for the sales of goods worldwide and it has become part of the language […]

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  • October 9, 2020
    Sustainable Procurement

    Main Considerations for Sustainable Procurement

    Sustainability is one of the most important trends of our time that is set to dominate business discussions and decisions making for a long-term basis. From this point of view, a new competitive tool called sustainability emerged. It merges with important factors such as quality, cost, reliability, just in time, with flexibility and innovation for […]

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  • October 9, 2020
    Planning and Controlling Inventory

    Common Techniques for Planning and Controlling Inventory

    Inventory control varies from one organization to another. This simplifies that the nature of firms and the nature of the businesses determine the size and category of inventory control systems and techniques to adopt. The respondents shall include all personnel who have been assigned to carry out stock control functions and all related activities. Inventory […]

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  • October 9, 2020
    Agile Procurement

    Key Technologies for Agile Procurement

    Agile Procurement is to purchase a solution according to the needs and wants of the customer (made changes throughout the process) instead of following on a product specification being established in the beginning of a project.  Table of Contents The Values of Agile ProcurementAdoption of Digital TechnologiesMachine LearningNatural Language ProcessingRobotic Process AutomationBig Data AnalyticsCloud ComputingConclusion […]

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  • October 9, 2020
    Food Retail Distribution

    Global Sourcing Considerations for Food Retail Distribution

    When supervising the fresh food department, it requires close attention to some crucial considerations. Such factors include sourcing and shrink reduction. In retail, fresh categories consist of fruits and vegetables, meat, fish and dairy goods. These items typically account for up to 40 percent of the grocery chains’ revenues and are strong drivers of store […]

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  • October 9, 2020
    Supplier Development

    Overcoming Key Challenges in Supplier Development

    Supplier development is a long-term collaborative effort between suppliers and the buying organization to generate new competencies in suppliers. Both parties can gain benefits from this development program but there are also many challenges faced by the buyer. Table of Contents Knowing Suppliers BeforehandSupplier Capability AssessmentEvaluating Supplier RiskImproving Supplier Quality PerformanceImproving Communication with SuppliersEducating Suppliers […]

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  • October 8, 2020
    Reducing Food Waste

    Lean Procurement Practices for Reducing Food Waste

    Lean procurement practices are often viewed as how to enhance the procurement process and workflows, reducing time and eliminating waste, lower costs while improving the standard of products and services, improve the performance and responsiveness of suppliers, increase the main target on those activities that add value to the firm and enhance procurement’s strategic instead of transactional focus. Table of Contents What Causes Food WasteWaste ClassificationProcurement […]

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  • October 8, 2020
    Manage Food Inventory

    Essential Techniques to Manage Food Inventory

    The inventory stock within the food industry is usually perishable. Thus,the manner in which a company handles and manages their food inventory is critical to the safety of the products. A successful organization will have a good inventory techniques to handle the availability chain, distribution of the goods to ensure safety of the products for […]

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  • October 7, 2020
    Negotiating Procurement Contracts

    Major Agreements for Negotiating Procurement Contracts

    Negotiating contracts with suppliers play a huge part in the supply chain process. An optimal outcome is creating a respectful and positive interaction that will be a win-win situation for both parties. A successful negotiation can contribute to business success when an agreement is reached. During the process of contract negotiation, clauses have to be […]

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  • October 6, 2020
    Key Performance Indicators for Warehousing Performance

    Key Performance Indicators for Warehousing Performance

    Fundamentally, setting up and operating a warehouse might not be a difficult task but operate the warehouse at an optimal level of efficiency and effectiveness will not be as simple as it may be. The challenges that pose to numerous organizations are to display the right attitude by regularly seeking continual improvements that are known […]

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  • October 5, 2020
    Common Mistakes for Warehousing and Transportation

    Common Mistakes for Warehousing and Transportation

    Warehousing and transportation have never been more complicated. The digitalization of warehouses, rising customer expectations for delivery and customer service, and market competition put pressure on overall operations. This article discusses the common warehousing mistakes made by many organizations and how to avoid them to make the business better. Table of Contents Holding Excess InventoryUsing […]

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  • October 4, 2020
    Warehousing for Inbound and Outbound Operations

    Effective Warehousing for Inbound and Outbound Operations

    Warehousing basically involved two types of activities, inbound and outbound operations. Inbound activities consist of sourcing, expediting, receiving and storage while outbound activates involve picking, checking, packing, and transportation. Outbound processes are more work concentrated than inbound process, particularly order picking is the most labor-intensive work because for each SKU the picker have to travel […]

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  • October 3, 2020
    Warehousing Practices for Logistics Integration

    Essential Warehousing Practices for Logistics Integration

    Warehouse plays an important role for the organization to the company.It is not just a place for storing inventory. There are also several major operations functioning in the warehouse that are capable to pushing the organization’s growth to a greater degree and being a high potential company. Essential warehousing practices for logistics integration is a […]

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  • October 2, 2020
    Technologies for Warehousing Productivity

    Essential Technologies for Warehousing Productivity

    Warehouses are playing an important role in logistic as it can be an assembly line, fulfillment center as well as customer service or collection point. In the present, technology is important for every sector of the economy in the fast-paced. Besides, technologies for warehousing is one of the key drivers to ensure the goods flow […]

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  • October 1, 2020
    Strategies for Effective Warehousing

    Postponement Strategies for Effective Warehousing

    Effective management of a supply chain includes thinking creatively about the way of integrate and perform logistics and manufacturing activities. Postponement and speculation strategies of products during a timely and cost-effective manner by the standard production and logistics structures. Supply chain have reducing risk and forecasting techniques, cooperation and integration between the manufacturing and logistics […]

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  • October 1, 2020
    Lean Practices for Effective Procurement

    Adopting Lean Practices for Effective Procurement

    Procurement refers to the process of sourcing or obtaining goods and services. It involves the strategic implementation of Purchasing, as well as active interaction with both the internal customer and external suppliers.  Each company has their own processes and policies with regards to the implementation of these practices. However, no single procurement policy is effective without […]

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