In 2025, India finds itself grappling with an unprecedented rise in surplus inventory across various industries. This trend, fueled by economic shifts, fluctuating consumer demands,
Category: Business
Why Vendor Relationship Management is Key to Procurement Success
Procurement, once primarily a transactional process focused on cost-saving, has transformed into a strategic function at the heart of organizational success. In today’s complex global
Closing the Year Strong: Why Addressing Surplus Inventory Before 2025 Is Key
As the end of the year approaches, businesses often turn their focus toward performance reviews, strategic planning, and operational adjustments. However, one vital area that
The KPIs That Matter Most to Prevent Excess Inventory and Maximize Efficiency
Inventory management is a balancing act between meeting customer demand and minimizing excess stock. Excess inventory can lead to wasted resources, lost profits, and inefficiencies
What Makes Green Certifications Essential for Modern Supply Chains?
Integrating sustainability into supply chains is rapidly transforming from a compliance measure to a strategic business imperative. In response, green certifications have evolved as powerful,
Supplier Slip-Ups: The Costly Mistakes and How to Fix Them Fast
A single supplier error can set off a chain reaction of disruptions. Whether it’s a late shipment or a drop in quality, even minor supplier
Procurement’s Digital Revolution: Trends and Technologies Shaping 2024
As we continue through 2024, procurement is emerging as a critical driver of innovation, sustainability, and resilience in businesses worldwide. The convergence of cutting-edge technologies
FMCG Inventory Management: Challenges and Solutions
Fast-Moving Consumer Goods (FMCG) companies operate in a dynamic and competitive environment where agility and efficiency are paramount. These companies produce and distribute goods with
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
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