Negotiation – the dialogue between opposing parties (customer vs vendor) to a deal whereby they attempt to reach an agreement. Virtually every business process requires some degree of negotiation. To progress in business and in most personal endeavours, negotiation must be employed. Negotiation starts after the successful technical meeting on the item or garment to …
A letter of credit (also known as documentary credit) is a document issued by a bank on behalf of an applicant (the buyer/customer) undertaking to make payment to a beneficiary (the seller/vendor) up to a stated amount of money, within a prescribed time limit and against stipulated documents. There are usually two banks involved in …
The time between the initiation (starting) and completion (ending) of a Process/Production process. Lead time is the amount of time that elapses between when a process starts and its completion. Lead time is examined closely in manufacturing, supply chain management and project management, as companies want to reduce the amount of time it takes to deliver …
Supply Chain A supply chain is a network of individual functions within an organization that begins with the development of a strategic plan and ends with the delivery of a product or service. Those functions are listed below: Demand Planning Supply Management and Procurement Inventory Management Warehousing Operations Manufacturing and Service Operations Transportation Operations Customer Service Operations …
Supply Chain A supply chain is a network of individual functions within an organization that begins with the development of a strategic plan and ends with the delivery of a product or service. Those functions are listed below: Demand Planning Supply Management and Procurement Inventory Management Warehousing Operations Manufacturing and Service Operations Transportation Operations Customer Service Operations …
Sample: A few items or goods taken from a large number of similar goods are called sample. Or The true representative of the bulk or population is termed as a sample and the process of selecting a sample is called the sampling process. Sampling for textile testing can be in- Fibre stage Yarn stage Fabric stage Garment …