From Pilgrim Harp’s India Desk
Leave a CommentEconomy India’s real GDP growth for Q4 for FY2024-25 came in at slightly higher 7.4% against estimated 7.2%. India’s economy is likely to grow at 6.2% in 2025 and at 6.3% as per projections put out International Monetary Fund. And at an estimated US$3.9 trillion GDP in 2024, India is in top 5 economies of […]
The Latest Trends in Supply Chain Management
Leave a CommentStaying competitive in modern manufacturing requires skillful supply chain management. As technology continues to evolve, tools to connect and track materials, manufacturing services, and inventory control are becoming interconnected and making production more efficient. Staying apprised of trends and changes in the supply chain space is critical for keeping your business one step ahead. Here […]
The Impact of Globalization on Supply Chain Solutions
Leave a CommentGlobalization has a significant impact on supply chains, presenting both opportunities and complex challenges for businesses. In today’s interconnected world, companies aren’t confined to local markets; they can operate across borders to procure materials, manufacture products, and distribute goods on a global scale. Here, we’ll dive into the key challenges and advantages of supply chain […]
Announcing Pilgrim Harp’s New Location
Leave a CommentTo support our company’s growth, Pilgrim Harp has moved into a new, larger facility! The brand-new building is purpose-built with modern features and will enhance our supply chain management capabilities, allowing us to effectively provide these services for all of our customers. Details on Pilgrim Harp’s New Location As of July 8, 2024, Pilgrim Harp […]
Procurement Excellence: Integrating and Optimizing Your Supply Chain Strategy
Leave a CommentWell-established procurement systems are crucial in supply chain management as they ensure the timely acquisition of goods and services at optimal prices. This streamlines the purchasing process, reducing costs and mitigating risks associated with supplier relationships. Effective procurement strategies also enable companies to maintain inventory levels, meet customer demands, and uphold quality standards. In this […]
Navigating the Future: Principles of Sustainable Supply Chain Management
Leave a CommentSustainable supply chain management integrates environmentally and socially responsible practices into all supply chain stages. This approach aims to minimize negative environmental impacts, promote ethical labor practices, and ensure the long-term viability of resources. It encompasses strategies such as reducing waste and collaborating with suppliers who adhere to ethical standards. In this article, we will […]
Revolutionizing Logistics: Innovations in Supply Chain Management
Leave a CommentLogistics supply chain management has evolved significantly over time, driven by advances in shifting customer demands, technology, and globalization. Companies have embraced sophisticated systems, automation, and data analytics to streamline operations, improve decision-making processes, and enhance efficiency. Furthermore, the rise of e-commerce and omnichannel retailing underscored the importance of agile, responsive supply chains. Here are […]
Mastering the Art of Supply Chain Management: A Comprehensive Guide
Leave a CommentSupply chain management (SCM) is the process of overseeing and coordinating the various activities involved in producing and delivering goods to end consumers. It is a means of ensuring that products or components move from one production stage to another efficiently and on time. Therefore, effective SCM helps optimize a company’s operations, reduce inefficiencies, enhance […]
What Is LCC Sourcing and How Can It Impact Your Business?
Leave a CommentBusinesses constantly seek ways to improve their bottom line and gain a competitive edge in their respective markets. One strategy that has gained popularity in recent years is low-cost country (LCC) sourcing. This approach involves outsourcing production or procurement to countries with lower labor and material costs, allowing businesses to save money on their operations. […]
Why Project Sourcing May Be the Right Path for Your Next Project
Leave a CommentClick to Expand The business landscape has prompted companies to delegate certain responsibilities or tasks to external service providers. Project sourcing is one strategy that enables businesses to benefit from the skills and expertise of third-party providers. This approach allows companies to allocate resources toward their core competencies and focus on their primary strengths. This […]