As for smooth movement of goods in Supply Chain process is concerned, we can define a term called Logistics . Supply chain is process of transferring raw material into products and getting it to customers while Logistics deals with movement of material with the supply chain. Logistics is defined as movement of goods from the supplier to its consumers . We can define 7 Rs in the concept of logistics that means: getting the right product in the right quantity in the right condition at the right place at the right time to the right customer and at the right price There are several functions that plays a major role in movement of products to its customer considering all the seven Rs that are transportation system like airlines, ships, roadways and railways and another one is warehousing the product so that it will be efficient to transport or movement of goods. Concerning these two function, we can define two way of transportati...
Nowadays, companies need to operate in highly competitive environment where uncertainty in demand is very high and market is very unstable. This imposes high pressure of improving efficiency, reducing cost and increasing responsiveness on any organization. For achieving this goal companies are preferring more implementation in their industrial engineering and focusing to gain knowledge and skills to improve their productivity and stay in market. Small and Medium size enterprises (SMEs) are now focusing toward the process of learning by doing strategy, the nature of SMEs can push them into being very operative and taking ideas from practical issues in order to access i formation and to develop specific skills and that skills can be accompanied by bringing expertise in an organisation. Therefore employee training can become extremely important, even if it often disregarded by many leading small businesses. Competition puts them to adopt new learning model and high value of ...