The markets are ever getting sophisticated and complicated with every passing day. The Covid-19 has aggressively affected competitiveness. The procurement departments are under stress to meet expectations as regards delivery and cost-saving. The companies are always searching the avenues for improvements to ensure efficient procurement. Making the procurement process sustainable… Read More »The Importance of Procurement KPIs
Home » Archives for Umar Hayat
The owner of MagniPak has over 35 years of rich higher management exposure in Banking and Textile Exports.
Manufacturing traditionally was an activity of producing goods, storing them in warehouses, and supplying them to distributors. The distributors then are responsible for supply to retailers through whole-sellers. It means that manufacturing essentially has to be a mass-production activity taken as a large scale industrial phenomena. The Concept Though the… Read More »Why On-Demand Manufacturing?
It is the second time that the Pantone Color Institute has announced two colors of the year: One is PANTONE® 17-5104 Ultimate Gray, a color bringing to mind the famous 50 shades of Gray. The other one is PANTONE 13-0647 Illuminating, a bright yellow that sends a “get ready” signal of traffic… Read More »Pantone Colors of the Year for 2021
A new emerging Regional Comprehensive Economic Partnership (RCEP) consists of 10 members of the Association of Southeast Asian Countries (ASEAN), including South Korea, China, Japan, Australia, and New Zealand. The RECP is the largest trading bloc in the world, covering about 30% of the world’s trade volume. The new pact,… Read More »RCEP: The Largest Trading Bloc
the worst trade deal ever made Above are the comments made by President Donald Trump about NAFTA, during the presidential campaign of 2016. Such was the value of the agreement in the eyes of then “would be president” of the US, the most prominent member of the NAFTA (North… Read More »Understanding USMCA – A shift from NAFTA
All indicators show that the textile industry of Pakistan is recovering from the worst. The global buyers are back in business after the corona Pandemic stands curtailed a bit. The smart lockdown strategy of the Pakistan Government for controlling and curtailing the pandemic proved a great success. The policy proved… Read More »Pakistan’s Textile Industry – Back on Track
The year 2020 started with the Corona Pandemic, closing the world for months. It was an unpredictable situation for all business activities, the supply chain being no exception. The opening of firms after the Pandemic is facing other challenges like weather insurgencies and severe storm season. Research by North Carolina… Read More »Managing the Supply Chain Risks
The procurement is among the significant areas where companies are making hefty expenses. A prudent Chief Procurement Officer (CPO) can cut the procurement costs without compromising quality, vendor relationships, and delivery schedules. A timely quality procurement from the trusted source can only assure the consistency of production and quality of… Read More »How to Cut Your Cost on Procurement