How much do we know about sustainable supply chain? Let’s have a look on how supply chain lifecycle could be incomplete without any integration of environmentally and financially viable practices. If the selection/agricultural production of raw material to manufacturing, packaging, distribution, final consumption of a product is done in an environmentally sustainable manner, it can help the organization to not only reduce the carbon footprint as a whole but also helps in reducing operation costs thereby increasing profitability. With increasing demand

5 of the most important lean tools used in industry are Kaizen, Kanban, 5S, Value stream mapping, Foucs PDCA. With COVID-19 affecting most of the industries, it is estimated that certain sectors like pharmaceuticals and semi-conductor sectors will have have an inventory which lasts from 150-300 days . Utilizing the lean methodology and the concept of lean production has become by far one of the most popular methodologies among production facilities. The idea behind lean manufacturing includes creating what is needed

COVID-19 has been called “The Great Pause,” a time for reflection and introspection. While the pandemic continues to turn the world upside down, new realisations are beginning to dawn on us. The COVID-19 pandemic has brought massive changes to our lives and ways of thinking. People’s movement has been severely restricted and many sectors of our economies have been shut down. Whereas immediate environmental impacts of the pandemic are evident in a drop in carbon emissions and decreased air pollution, it

ABC has helped many companies identify important cost and profit enhancement opportunities through reprising of unprofitable customer relationships, process improvements on the shop floor, lower-cost product designs, and rationalized product variety. It is difficult to imply activity based costing on large-scale industries. However, its potential on a larger scale represents a huge opportunity for companies. Fortunately, simplification is now possible through an approach that we call time-driven ABC In the revised approach, managers directly estimate the resource demands imposed by each

Ministry of Home affair on friday increased the current lockdown period till May 17 , for the second time in a row due to the coronavirus pandemic. The government has classified the country in three different zones: Red, Orange and Green, with the Red zone has been classified as hostspot of the current pandemic. Ban on air, rail, metro, and inter state movements by road will be continued till the lockdown goes on. Industrial zones have been permitted activities in the manufacturing