Building Up a New Manufacturing Unit

Here in this article I am considering a new set up of an established organization and due to various reasons the new unit  has to be set up. Here I am talking about conventional industries and not an IT unit. A new manufacturing plant has to fit into a multi-plant operations strategy. The different operations strategies could be: Plants Manufacturing Distinct Products or Product Lines: However, each plant services the entire market area for the organization. This strategy is necessary where the needs of technological and resource inputs are specialized or distinctively different for the different products/product-lines. For instance, a

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Supplier Relationship Management

The success of business depends on several factors and it will not be an exaggeration to call supplier relationship management one of the most crucial factors. SRM is a discipline of working collaboratively with those suppliers that are vital to the success of any organization to maximize the potential value of those relationships. The goal of supplier relationship management (SRM) is to streamline and make more effective the processes between an enterprise and its suppliers SRM helps in effectively managing the business relationship with the organization that supplies goods and services for the running of the business. The purpose of

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