Introduction: Slow-moving industrial spares are items that experience limited or infrequent demand. These spare parts are rarely needed for repairs or replacements, and they may
The Growing Importance of Scrap Usage in Steel Production: A Sustainable Approach
Introduction: The use of scrap in steel production has become increasingly vital, not only for its environmental benefits but also for its resource conservation advantages.
Detecting Industrial Plant Stress: A Guide to Effective Health Monitoring
Industrial plants are indeed vital as they produce essential goods and contribute to economic growth. However, they do face numerous challenges and stressors that can
Role of Goospares in circular economy
What is Linear Economy? The linear economy, also known as the traditional or “take-make-waste” economy, is the prevailing economic model that has been in place
The Role of Seamless Pipes in Oil and Gas Production: A Closer Look
The global seamless pipe market is expected to grow at a CAGR of 5.8% from 2022 to 2029. The growth of the market is attributed
How AI-Based Supplier Management Can Optimize Procurement
Before the emergence of Artificial Intelligence, managing suppliers was a complex task that required a lot of manual effort. Organizations relied on spreadsheets and documentation
How to Optimize Your Industrial Procurement Process: Tips for Managing Inventory and Reducing Costs
Industrial procurement process refers to the steps involved in sourcing and purchasing goods and services required for a business’s production, maintenance, and other operations. The
Steel Bar Manufacturers in India – How are They Promoting Sustainability?
India has emerged as a major player in the global steel industry, with a significant share in the production and consumption of steel products. With
How to Avoid Excess Inventory in the Future?
Excess inventory or surplus inventory is a common issue faced by many businesses. It refers to the inventory that exceeds the demand of the customers.
Preparing for Financial Year Liquidations: A Checklist for Business Owners
Liquidating a company’s inventory can be a difficult process, but it’s often necessary in order to stay afloat financially. Business owners should prepare for inventory