Duty and tariff are the terms used for levies imposed by the Governments on imports and exports. Both terms are often mingled up. These are used interchangeably. The truth however is that there are minor differences. The layman perhaps is not much concerned about the… Read More »Duties vs. Tariffs
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.… Read More »The Importance of Procurement KPIs
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… 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… 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… Read More »How to Cut Your Cost on Procurement
Every buyer dreams of having a reliable quality conscious supplier at his back to strengthen his supply chain channels. Price is also a decisive factor in making a final selection of a supplier. Creating an equilibrium between price and quality is an uphill task. A… Read More »Identifying Reliable Suppliers
The supply chain is a vital segment of any business. Arranging raw materials, to delivery of finished goods are the issues of supply chain management. It is not possible for every business to perform all supply chain activities through inhouse resources. Logistics companies do this… Read More »Selecting a Logistic Company – Points to Remember