Information about LPS Professionals

News & Events

Information about LPS Professionals

News & Events

by Admin
  • April 22, 2019

    Blockchain for Visibility in the Food Supply Chain

    Growing world populations are expected to reach 10billion by the year 2050. With this, we are also expected to demand on the food supply chain to evolve and become more efficient, more accurate and more reliable. More and more people want visibility into what’s inside the products they are about to consume. They want to […]

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  • April 21, 2019

    Key Digital Technologies for a Smart Warehouse

    A smart warehouse is the culmination of warehouse automation. In other words, automating various components of your warehousing operations. Like a smart home, a smart warehouse is enabled with several automated and interconnected technologies. These technologies work together to increase the productivity and efficiency of the warehouse, minimizing the number of human workers while decreasing […]

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  • April 21, 2019

    Robotic Process Automation (RPA) for Digital Warehousing

    Suppliers, manufacturers, and distributors should consider capitalizing on process automation. Robotics Process Automation or RPA are being introduced for warehouse modernization. RPA is a software technology that allows the business to automate low-level tasks in the future, as technology improves. Using robots and machine which imitate human actions in doing repetitive operational tasks previously completed […]

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  • April 20, 2019

    Digital Technology for Effective Warehousing

    When it comes to warehouse management, constant evaluation and adoption of crucial technologies are critical to improve profitability and stay competitive. Today, warehouse managers have a wide array of technologies to choose from as they strive to reduce costs, improve efficiency and streamline operations. They must ensure that goods, materials, and products flow effortlessly by […]

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  • April 20, 2019

    New Technologies that will Impact Future Supply Chains

    Technology has changed business for the better – it has allowed for more connectivity between employees and employers, made more information available, allowed for more streamlined storage of files, and increased analytical power of data. As technology continues to grow, change, and advance, the benefits of technology in business will continue to strengthen organizations. One […]

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  • April 19, 2019

    Autonomous Devices for Digital Warehousing

    Today we live in an era where technology is changing at a faster rate. New technologies and tools are coming up to meet our needs. A digital data warehouse is designed with the purpose of improving business decisions by allowing data consolidation, analysis, and reporting at different aggregate levels. It provides a single, comprehensive source […]

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  • April 16, 2019

    Implementing Centre of Expertise (CoE) for Food Supply Chain

    In today’s digital age, globalization offers numerous opportunities. The supply chain process has to be of greater efficiency, with better analytics and insights. This is where aCentre of Expertise (CoE) becomes crucial for any business. This is the next step towards Supply Chain Excellence, with higher professional capabilities in the Food Industry, as shown in […]

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  • April 16, 2019

    Data Analytics and Artificial Intelligence for Cognitive Procurement

    Data analytics is the process of examining data sets in order to draw conclusions about the information they contain, increasingly with the aid of specialized systems and software. Data analytics technologies and techniques are widely used in commercial industries to enable organizations to make more-informed business decisions. Artificial Intelligence (AI) is where we first heard […]

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  • April 16, 2019

    5 Essential Technologies for Inventory Control in a Warehouse Contract

    Many of the challenges that businesses face, such as running out of stock, or having excess stock (which translates to tied-up funds), or having obsolete stock or spoilage are as a result of poor inventory management. When you use inventory management software in conjunction with inventory control technology, you improve your bottom line. Using technology […]

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  • April 15, 2019

    Internet-of-Thing (IoT) Applications for Digital Procurement

    Digital technologies will help procurement increase collaboration, analytics, and engagement using a spectrum of tools along the entire procurement value chain, from planning and sourcing to contract negotiations, order delivery, payment, and supplier management. A system of physical things embedded with sensors, software, electronics, and connectivity to allow it to perform better can be defined […]

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  • April 15, 2019

    Digital Technology for Construction Value Chain

    Building Information Modelling (BIM) is identified by many countries including Singapore as a key technology to improve productivity and increase the level of integration across various disciplines in the entire construction value chain. It is the main enabler for achieving Integrated Digital Delivery (IDD), one of the key thrusts in the Construction Industry Transformation Map […]

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  • April 13, 2019

    Key Considerations for Sustainable Procurement

    Sustainable procurement has been introduced to a public and private organization for decades and it has now become a “must have” key element to integrate in business strategy for company competitive advantages and sustainable development. The survey conducted by EcoVadis and HEC about the results attribute to Sustainable Procurement program showed 76% of the procurement […]

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  • April 12, 2019

    Seven Order Picking Techniques for Distribution Centers

    In most distribution centers, order selecting is the most manual, labor-intensive, and high priced operation. It can account for up to 60% of the operation costs. Companies tend to focus on this area first because a variety of enhancement can positively have an impact on their customer’s experience. The distribution center decides on the people […]

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  • April 11, 2019

    Best Practices for Chilled and Frozen Food Storage Warehouses

    In a social context, food safety is an important driver of quality assurance systems in chilled and frozen goods. The frozen food warehousing specialty has specific requirements for temperature-controlled environments. This requires cold chain service providers to provide transparency and confidence in their customer service. The right planning tools will ensure effective response to emergencies […]

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  • April 11, 2019

    5 Best Practices for an Effective Warehouse

    Warehousing is the act of storing goods that will be sold or distributed later. To have an effective warehouse in the current world of business and due to overwhelming challenges from competitors, we must keep with current warehouse practices and bring in new practices which will make warehouse objective targets and customer demands move faster […]

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  • April 10, 2019

    Nine Technologies to Boost Warehouse Productivity

    Warehousing is in the midst of a tech-driven revolution as companies race to identify and adopt emerging technologies that cut costs, optimize operations and improve overall supply chain efficiency. In some of the largest economies and companies, warehouse drones and robots already have been employed. It’s not just logistics giants who are adopting innovative tech-based […]

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  • April 10, 2019

    Digital Technology for Warehouse Productivity

    Digital businesses use technology to create new value in business models, customer experiences and the internal capabilities that support its core operations. The term includes both digital-only brands and traditional players that are transforming their businesses with digital technologies. Most digital businesses fit one or both of these points, they focus on creating value at […]

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  • April 9, 2019

    Seven Best Practices for Cost Effective Warehousing

    Supplying your products on time and with multiple channels can be quite challenging. You receive constant pressure from various buyers and store locations. It is a challenge to keep up with inventory demands while monitoring the inventory process and the needs of your workers and your customers or buyers. Without going into the disadvantages of […]

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  • April 9, 2019

    Key Considerations for Warehouse Safety and Health

    When it comes to warehouse safety there are many benefits that are often overlooked. Safety procedures are frequently disregarded in a variety of workplaces due to insufficient time, inadequate resources or an opportunity to cut corners in an attempt to save money. However, when safety procedures are soundly implemented there are major benefits such as […]

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  • April 8, 2019

    Crucial Techniques to Control Construction Inventory

    Time scheduling and coordination on construction projects are not just a matter of reputation but can be crucial to systems like an earthling, concrete laying and service. When schedules are not managed properly, budgets for manpower and overall project budgets can be greatly affected. Mismanaged projects not only cut into the company’s profit and reputation […]

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  • April 7, 2019

    Essential Stages of a Procurement Tender for the Services Sector

    Tendering means a company or organization wishing to obtain goods or services will first specify requirements. Subsequently, it will open the bidding in a process known as Tendering. Interested companies can submit their proposals to the client within a finite deadline. The procurement team will evaluate the bids to decide which offer best suits its […]

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  • April 6, 2019

    Key Stages for Purchasing Heavy Equipment Parts

    Practically there is no one-size-fits-all purchase process. Some organizations require a formal process to suit their complex environment, which is often the case in government or education. In those industries, vendors must comply with strict guidelines. Others, for enterprise businesses like heavy machinery parts, require a few key steps in an effort to manage budgets […]

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  • April 5, 2019

    Key Provisions to be Negotiated in a Construction Purchase Contract

    Construction contracts are complicated documents that try to balance the needs of many different parties involved in a project. Contractors face much uncertainty when delivering on their contract responsibilities, so it is important to design contracts that are fair in allocating risk. While every clause in a construction contract is important to review, there are […]

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  • April 4, 2019

    Six Effective Sourcing Techniques for Electronics Products

    Nowadays, suppliers do not solely have an impact on reducing costs and improving products or services but are more involved in the product design and development process. Hence, selecting the right suppliers and composing the optimal supply base is one of the most challenging parts of strategic purchasing. Sourcing is a part of the purchasing […]

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  • April 4, 2019

    Key HACCP Methodology for Seafood Procurement

    Moving into the 21st century where seafood sustainability become a key question for many environmentalists, humans are constantly struggling to seek a balance between the exponential growth in demand for food source and its sustainability. With the advance in technology and the internet where product information and business-to-consumer (B2C) platform can easily influence a buyer’s […]

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