14 Mar 2023

What Exactly is sourcing? Definition, Approach, and Distinction Between Sourcing and Procurement.

sourcing and procurement

Searching for fresh components, supplies, or goods for your line of work? It might be a big choice where you receive things from or how you source them. If you’re a brand or retail shopper who is unsure of what you’re doing, the sourcing may seem complicated, but it may have a big influence on... Continue Reading Continue Reading

10 Mar 2023

What is supply chain automation, and how can it improve the operations of your business?

Supply Chain Automation

If your factory is the beating heart of your business, the veins and arteries are your supply chain. To provide a dependable service, everything must be connected for your operational effectiveness. Supply chain management has become disconnected as a result of gaps between applications used by many firms’ patchwork old systems, which can cause inefficiencies,... Continue Reading Continue Reading

21 Dec 2022

Procurement Support Services

Procurement Support Services

Procurement is a crucial business procedure for every corporation. To grow, improve operations, and maximize financial performance, businesses purchase goods and services from outside vendors at the greatest possible prices. Due to their crucial role as business catalysts, procurement and its procedures have advanced quickly in recent years. Compared to the traditional procurement process, which... Continue Reading Continue Reading

14 Dec 2022

How does inventory management operate and what does it implies?

inventory management in supply chain management

Understanding what you have, where it is kept, and how much you will need is the key to effective inventory management. But it’s easier said than done. Where Velan adds value is in this. Businesses utilize the Outsource Inventory Management System to lessen the burden of manufacturing the components of completed goods in-house, i.e., within... Continue Reading Continue Reading

8 Dec 2022

The Risks and Benefits of Outsourcing Supply Chain Management

supply chain management outsourcing

Let’s face it. As a business owner, you need to spend time and resources to manage your eCommerce supply chain. But how properly your supply chain management runs influences how big a success your enterprise could be and how fast it will develop. It’s absolute confidence that coping with and optimizing the supply chain is... Continue Reading Continue Reading

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