Xiaomi Uniblade Trimmer is here. Xiaomi has added a new product to its lifestyle category with the launch of Xiaomi Uniblade Trimmer. This new trimmer from Xiaomi comes with a rotary dial which enables the users to trim, shave and style their hair. The company claims that the new grooming tool is easy to use and it also comes with an electric shaver.Price and availabilityThe Xiaomi Uniblade Trimmer comes with a price tag of Rs 1,499 and will be available online on mi.com, Flipkart and Amazon. The device will also be available offline on the Mi Home stores. The company is also offering a one-year warranty with the trimmer.Xiaomi Uniblade Trimmer featuresAs mentioned above, the trimmer features a rotary dial and an adjustable trimming comb. The new shaving tool sports a cutting-edge three-way blade that ensures a smooth shave. It also comes with a dual-edge blade that tackles longer hair, while the central foil eliminates any remaining stubble. This three-way blade manages varying lengths and thickness, even handling bent or flat-lying hair delivering an effortless shaving experience and leaving the skin smooth.The blades of the Xiaomi Uniblade Trimmer are made of high-carbon steel, ensuring its durability and sharpness. The trimmer comes with a flexible head that can pivot at a 40° angle, adapting to the different facial contours, ensuring a close shave without causing any irritation or discomfort. The grooming tool comes with an IPX7 rating which makes it water-resistant. The device comes with a USB Type-C charging port and it promises to deliver 90 minutes of battery backup on a single charge.
iPhone 15 Could Hit Indian Shelves Simultaneously With Global Launch
Apple is set to launch the latest iPhone in India in mid-September, cutting the delay short by several days Given the fact that Foxconn has already started manufacturing the iPhone 15, the delay, if any, will be only a few days 35% of all electronics exports and 66% of total mobile exports in the first quarter of FY24 were iPhones during the June quarter of FY24 Apple is contemplating unveiling the iPhone 15 around the same time (September 12th) in India as its global launch, reducing the lag significantly. According to sources cited by the ET, Apple is set to launch the latest iPhone in India in mid-September, cutting the delay short by several days. The Cupertino-based tech giant also launched the iPhone 14 in India at the same time as the world, though the Pro models were introduced to India almost three weeks later. With India emerging as a key manufacturing hub for iPhones, Apple might launch its latest model in the country simultaneously with the rest of the world. Media reports from last month also suggested that Foxconn has already started manufacturing the iPhone 15 in its Chennai plant. Foxconn had also begun producing the iPhone 14 within ten days of the global launch, though it took a month for made-in-India iPhones to reach the local market. This year, since Foxconn has already started manufacturing the iPhone 15, the delay, if any, will be only a few days, per the people cited above. Apple’s PLI-Boosted Manufacturing In India The manufacturing boost in India comes as the country already accounts for 7% of Apple’s global production, up from less than 1% before 2021 and the start of the production-linked incentive (PLI) scheme for smartphones. Even though it is a carrot-and-stick situation, Apple has become the largest smartphone exporter in India. In 2022-23, Apple manufactured over $7.5 Bn of iPhones in India, of which around $5 Bn were exported, making Apple the country’s single largest mobile phone exporter. Apple’s bullishness also pushed India’s mobile phone exports to over $11.1 Bn, a 91% increase over the last financial year. Foxconn, Wistron and Pegatron, three of Apple’s contract manufacturers active in India, have also committed exports of INR 61,000 Cr in FY24 for the third year of the PLI scheme for smartphones. The companies are also well on their way to achieving the milestone – the June quarter of FY24 saw iPhone exports cross INR 20,000 Cr, nearly five times higher on-year. The iPhone has become the single largest contributor to electronics exports from India; 35% of all electronics exports and 66% of total mobile exports in the first quarter of FY24 were iPhones.
Unlocking Tech Secrets with Raj Kapoor | Metaworse, NFTs, and AI Explained | Crossroad Times Podcast
Connect with Mr. Raj Kapoor:- https://www.linkedin.com/in/indieblock/ Mr. Kapil (KK) https://www.linkedin.com/in/kapil-kumar-kk-9bb5452a/ 9953031985 🎙️ Welcome to CROSSROADTIMES – Your Gateway to Success and Inspiration! 🌟 Join us for an exhilarating episode featuring Mr. Raj Kapoor, renowned as the ‘Godfather of Technology.’ As the Founder of India Blockchain Alliance & Blockchain Governance Council, Metafluencer, International Keynote Speaker, Web 3.0 Whiz, G20 Speaker, Start-Up Advisor, Blockchain Influencer, TeDX Speaker, Web3 Author, and AI Expert, he’s a true industry luminary. Hosted by Mr. Kapil Kumar, a seasoned investor and growth expert, In this captivating episode, we uncover the secrets behind Mr. Kapoor’s legendary status in the tech industry. Discover why he’s hailed as a Technology Superstar and the Father of Metaworse. 🧙♂️ Witness the inspiring story of a late-blooming coder who embarked on a coding odyssey at the age of 48. 🧠 Explore the limitless possibilities of blockchain technology as we delve into its real-world applications and the impact it’s making across diverse industries. 💼 Unravel the enigma of Metaworse, a game-changing concept that’s reshaping the tech landscape. 💎 Get a masterclass on NFTs (Non-Fungible Tokens) and their role in shaping the digital economy. 🌐 Peer into the future of Artificial Intelligence (AI) as Mr. Kapoor shares his insights and predictions about this rapidly evolving field. 🤖 Finally, dive deep into Project SEA, a visionary endeavor that charts the course for the future of AI. 🚀 Timecodes:- 🕒 00:00 – Introduction: 🌟 🧙♂️ 02:00 – The Metaworse Revelation 💡 07:05 – Learned Coding at age of 48 🌐 09:30 – Blockchain Applications 🌠 14:03 – Unraveling Metaworse 🚀 23:29 – Mastering NFTs 🤯 30:38 – AI’s Futuristic Realm 🌊 39:14 – Project SEA #BlockchainRevolution #AIandFuture #Metaworse #NFTExplained #IndianTechInfluencer #InnovationInTech #RajKapoorPodcast #CrossroadTimes Crossroadtimes :- We believe in empowering you with the knowledge and strategies to unleash your full potential. Whether you’re an aspiring entrepreneur, a go-getter looking for inspiration, or an industry expert seeking valuable tips, this channel is your ultimate resource. 🎥 Each video is carefully crafted to provide you with actionable advice, thought-provoking discussions, and real-life experiences that will elevate your business and personal life. 🔔 Hit that subscribe button and ring the notification bell so you never miss a moment of our content. Join our vibrant community of like-minded individuals and be part of a journey that leads to success, fulfillment, and continuous growth. 🌟 Let’s thrive together, overcome challenges, and celebrate achievements as we navigate the path to greatness. Are you ready to embrace the limitless possibilities? Subscribe now #CROSSROADTIMES and let’s unlock your potential together! 🚀✨ ——————————————————————————— ✅ Follow Crossroad Times Social media Handles :- Facebook :- @crossroadtimes https://www.facebook.com/crossroadtimes Instagram :- @crossroadtimes https://www.instagram.com/crossroadtimes/ Linked.in :- @crossroadtimes https://www.linkedin.com/company/crossroadtimes/ Twitter :- @crossroadtimes Tweets by CrossRoadTimes 🎉 Calling all Achievers and Visionaries! 🌟 If you have a remarkable success story to share, an inspiring journey that the world needs to hear, or valuable insights that can ignite growth, we want to hear from you! 📩 Contact our passionate podcast team at crossroadtimes@gmail.com and let’s create magic together! 🎙️ Whether you’re an accomplished entrepreneur, an industry trailblazer, or someone who’s overcome significant challenges, we’re eager to showcase your achievements and inspire our global audience. More :- WWW.CROSSROADTIMES.COM source
Iphone 15 India Launch: iPhone 15 India launch: Here’s what may be ‘different’ this time
Apple is all set to unveil the latest-generation iPhones on September 12 this month. The company has sent out invites for the event scheduled to be held at the company’s Apple Park headquarters in California. The invite features a Thanos snap-like graphic accompanied by the word “Wonderlust”. While the event will also see the launch of new Apple Watch and may new MacBook or AirPods; the Apple iPhone 15 series will certainly be the centerpiece of the event. As for India, new iPhones have been launching in India in the first wave itself for almost 5 years now, starting with Apple’s tenth-anniversary iPhone, iPhone X. Apple iPhone X was the first-ever iPhone to launch in India on the same date as its global launch. Since then, largely all iPhones have gone on sale in India at the same time as in the US. This year seems to be no different. Apple fans can expect to buy iPhone 15 series almost at the same time as the fans in the US and other parts of the world where the devices launch in the first wave. Ready for a new milestone with iPhone 15However, what may be the big change this time is the timing of the ‘made-in-India’ iPhone 15. According to a report in Economic Times, Apple is aiming for a new milestone in the country with the launch of its latest model. The US smartphone major is reportedly working towards unveiling the iPhone 15, made in Foxconn’s Chennai unit, mid-September – narrowing the lag with the global launch to a few days, if not a simultaneous reveal in India. The report quotes people aware of the matter.In 2022, Foxconn’s factory in Chennai started manufacturing iPhone 14 within 10 days of the global launch, while it took around a month for made-in-India iPhones to reach the market. This year, the gap, if any, is going to be a few days, as all preparations for mass production of iPhone 15 are well underway. Trial production of the iPhone 15 reportedly started in China in June, at Foxconn’s Zhengzhou factory. Components started coming into Foxconn’s Indian facilities around the same time.Exports likely to start in December 2023Apple is planning the India-made iPhone 15 series devices to initially cater to the local market as the demand is expected to surge in India during the festive season. Post December, the company may reportedly start iPhone 15 exports, including to Europe and the US.India accounts for 7% of Apple’s global production, from less than 1% prior to the start of the production-linked incentive (PLI) scheme for smartphones in 2021. In the June quarter of FY24, iPhone exports from India crossed Rs 20,000 crore, or roughly half of what it had achieved in all of FY23 and a surge of nearly five times on-year. The iPhone is ranked as the single largest contributor, constituting 35% of all electronics exports and 66% of total mobile exports in the first quarter of FY24.
Microsoft: Microsoft is ‘killing’ this 28 years old app on Windows, here’s how you’ll be affected
Earlier this week, Microsoft announced that it is planning to depreciate WordPad — an app that has been a part of the Windows operating system for almost 28 years, reports Bleeping Computers.When Microsoft will discontinue WordPadWordPad has been a part of the Windows operating system since the days of Windows 95. It has been almost 28 years since the app was first released. With the upcoming Windows update, Microsoft has announced its plans for discontinuing the native and free word processing app. According to the report, future Windows updates will discontinue the word processors. That said, Microsoft hasn’t confirmed any specific date for this as of now.Noteworthy part is that Microsoft has already made WordPad an optional app since Windows 10 Insider Build 19551 update. The change also rolled out in stable builds and users now have the option to uninstall apps via Windows’ Optional features control panel.What options users will have apart from WordPadThere’s no shortage of word processing apps and services today. There are several open source word processors available in the market. Some of them are completely free. Talking about Windows, Microsoft has its own Notepad app for basic word processing or there’s the Microsoft Word (requires Microsoft 365 subscription) for advanced word processing. Then there’s Google Docs that lets users edit any word file format online without even downloading any separate app on the device.Then there are LibreOffice, Zoho Docs, WPS office and several other third-party word processing apps. How users will be affectedFirst and foremost, we don’t know many people who use WordPad as their go to word processing software. Even though there are some users who rely on this will have enough alternatives to move to. Meaning, WordPad getting depreciated won’t affect users much.
Pragyan: Chandrayaan 3 Rover put to sleep: What this means and what happens if it does not wake up
Chandrayaan 3’s rover ‘Pragyaan’ has completed its assignments on the lunar surface and set into sleep mode, Indian Space Research Organisation (ISRO) has announced. The space agency’s announcement came just hours after ISRO chief S Somanath said that the lunar mission’s rover and lander, ‘Pragyaan’ and ‘Vikram‘, respectively were functioning well and they would be put to “sleep” soon to withstand the night on the Moon.“The Rover completed its assignments. It is now safely parked and set into Sleep mode. APXS and LIBS payloads are turned off. Data from these payloads is transmitted to the Earth via the Lander,” ISRO said in a post on social media platform X, formerly Twitter.Sunday, which is the 12th day since India achieved the historic soft-landing on the lunar surface, will see both Vikram and Pragyan retire for the night, Chandrayaan-3 project director P Veeramuthuvel told TOI in an exclusive interaction. “If we look specifically at the rover, we’ve managed to cover more than 100 meters in just 10 days, while several other missions that have lasted longer, even as long as six months, have only managed 100-120 meters,” Veeramuthuvel said. “This means the command to put the rover to sleep has been enabled and it will go to sleep only Sunday as there are some tests that need to be done,” Veeramuthuvel explained.What if Chandrayaan 3’s rover ‘Pragyaan’ does not wake up“Currently, the battery is fully charged. The solar panel is oriented to receive the light at the next sunrise expected on September 22, 2023. The receiver is kept on,” added the post. The post further added, “Hoping for a successful awakening for another set of assignments! Else, it will forever stay there as India’s lunar ambassador,” explaining a scenario of what happens in case the Chandrayaan 3’s rover ‘Pragyaan’ does not wake up. On why an early sleep mode given that the designed life of the lander and rover were 14 Earth days, Veeramuthuvel said, “We cannot count the first two and last two days. The lunar day began on August 22 and our landing was almost at the end of the second day. From there, both Vikram and Pragyan have performed exceptionally to exceed our expectations. All mission objectives have been met and we will enter sleep mode tomorrow (Sunday).”In its short life on Moon, Pragyan is reported to have completed traversing more than 100 meters as of September 2, which marked the 10th day of its deployment, which happened early on August 24, several hours after Vikram’s soft-landing on August 23.“If we look specifically at the rover, we’ve managed to cover more than 100 meters in just 10 days, while several other missions that have lasted longer, even as long as six months, have only managed 100-120 meters,” P Veeramuthuvel, Chandrayaan-3 project director, told TOI.
Marico Owned Plix’s Cofounder On The Role It Plays In Startup Exits
Founders must decide whether it’s the right time to continue, and secure funding at a potentially lower valuation, or to pursue an exit, said Rishubh Satiya Startup cofounders looking to raise funds at a higher valuation should think on the lines of VCs as to whether they have the capacity to increase their valuation 4X, added Satiya India’s D2C startup ecosystem, which is home to 50K digital-first brands, has seen rapid consolidation in the past one year, with investors placing their bets on potential exits The D2C startup ecosystem has been thriving in recent years, boasting of over 50K digital-first brands. In this rapidly evolving landscape, consolidations are becoming increasingly inevitable, with investors placing their bets on potential exit opportunities. When it comes to acquisition, timing is the most crucial factor, according to Rishubh Satiya, the cofounder of D2C nutrition brand Plix, which was acquired by Marico. Satiya emphasised the significance of timing, saying, “I’ve witnessed this scenario frequently. People tend to underestimate their current situation. You need to discern when it’s the right moment to exit and when it’s best to stay and reserve the option to exit.” He shared these insights during a panel discussion on “The BIG Exit – How D2C Brands Can Develop an Exit Strategy” at the fourth edition of Inc42’s D2C Summit 2023. The session was hosted by Angshuman Bhattacharya, national leader of consumer products & retail sector at EY India. Joining Satiya on the panel were Pranav Malhotra, founder of Trunativ; Prabhkiran Singh, CEO and cofounder of Bewakoof; and Mohit Sadaani, cofounder of The Moms Co. Satiya said founders often prefer to raise funds at a higher valuation rather than pursuing an exit. However, during such moments, they should reflect on whether they have the capacity to increase their valuation from ‘X’ to ‘3X’ or ‘4X’, as venture capitalists would anticipate. Therefore, once again, timing plays a critical role. Founders must decide whether it’s the right time to stay invested, secure funding at a potentially lower valuation to allow the team to focus less on metrics and grow at their own pace, or to pursue an exit and find comfort in that decision. Established in 2020 by Satiya and Akash Zaveri, Plix is a Mumbai-based D2C startup that offers a diverse range of plant-based nutrition products, including workout supplements, ingestible sunscreens, hair growth serums, and skincare items. In July 2023, Marico, a leading FMCG company, acquired Plix, marking a strategic move to expand its presence in the nutrition segment and enhance its position in the health and wellness category. The plant-based D2C brand now plans to leverage Marico’s extensive resources to strengthen its offline presence over the coming years. Earlier, Plix secured $5 Mn in its Series A funding round from Guild Capital and RPSG Ventures in December 2021. Since its inception, the startup has consistently increased its turnover. In the financial year 2019-20, it reported a turnover of INR 10.92 Cr, which surged to INR 41.58 Cr in FY21. The company closed FY22 with a turnover of INR 106 Cr. Competing with brands like OZiva, Setu Nutrition, and Fast&Up, Plix offered more than 60 SKUs across six categories at the start of the year. These products were available through the company’s website, ecommerce platforms, and physical stores, catering to over 1.5 Mn customers nationwide.
Standby Mode: iOS 17: You can turn your iPhone into a smart display, here’s how
Apple is expected to roll out iOS 17 sometime later this month. In all probability, after September 12 once the new iPhones are launched, iOS 17 should arrive on iPhones. iOS 17 includes a new and interesting feature called Standby, which turns your iPhone into a smart display when it’s locked and charging. Standby lets you view widgets, photos, and other information on your iPhone’s screen, even when it’s asleep.How to turn on Standby mode– Make sure your iPhone is running iOS 17.– Place your iPhone in landscape orientation on a MagSafe or Qi-based wireless charger.– The Standby mode will automatically turn on. If it doesn’t, go to Settings > StandBy and toggle the switch on.Once Standby is enabled, you can customise it in various ways– You can choose from a variety of widgets, including the clock, calendar, weather, music, and photos.– You can drag and drop the widgets to rearrange them.– You can use a photo from your library or a default image.– There’s also a dual widget functionality. To use the dual widget, swipe left or right on the Standby screen. This will show you a different set of widgets.You can use Siri hands-free. Just say “Hey Siri” to ask a question or control your smart home devices. Furthermore, you can see Live Activities. Standby mode will automatically show Live Activities for apps that support them, such as Messages, Music, and Maps. Also, just because the iPhone is in Standby mode, it doesn’t mean notifications will disappear. You’ll still see notifications on your iPhone when it’s in Standby mode.To disable Standby mode, go to Settings > StandBy and toggle the switch off.Things to keep in mind– It only works when your iPhone is locked and charging.– It only works in landscape orientation.– You can’t use your iPhone for anything else while it’s in Standby mode.
New-Age Tech Stocks Rally Amid Rally In Broader Market, Paytm Biggest Loser This Week
Ten out of the 16 new-age tech stocks under Inc42’s coverage gained between 1% and 15% this week, with recently-listed Yudiz emerging as the biggest winner Despite revival in the broader market that broke the five-week losing streak, shares of Paytm, Nykaa, DroneAcharya, and MapmyIndia fell; Paytm declined almost 5% In the broader market, Sensex rose 0.77% while Nifty 50 gained 0.9% this week, largely aided by the positive Q1 Gross Domestic Product (GDP) numbers New-age tech stocks continued their winning run this week on the back of a recovery in the broader domestic equity market. Ten out of the 16 new-age tech stocks under Inc42’s coverage gained this week between 1% and 15%, with the recently-listed Yudiz emerging as the biggest winner. Yudiz got listed on the NSE SME platform on August 17 this year at INR 185 apiece. This week, the startup’s shares jumped 14.8% to end Friday’s session at INR 202.7. CarTrade Technologies, Nazara, EaseMyTrip, Delhivery, and Zomato were among the other gainers of the week. However, despite the revival in the broader market that broke the five-week losing streak, shares of Paytm, Nykaa, DroneAcharya, MapmyIndia, Fino Payments Bank, and ideaForge fell this week. Paytm slumped almost 5%, emerging as the biggest loser this week. In the broader market, Sensex rose 0.77% while Nifty 50 gained 0.9% this week. The benchmark indices rallied significantly on Friday alone, as Sensex jumped 0.86% and Nifty 50 0.94% to end the week at 65,387.16 and 19,435.30, respectively. The rally on Friday was largely aided by Q1 Gross Domestic Product (GDP) numbers. According to the National Statistical Office’s data, India’s GDP grew by 7.8% in the April-June quarter of FY24 as against a 6.1% growth in the preceding quarter – Q4 FY23. Stepping into the new month, the market is brimming with various domestic and global macroeconomic indicators that are expected to sustain their momentum, said Pravesh Gour, senior technical analyst at Swastika Investmart. However, he said that “below normal” monsoon rainfall this year is expected to have a significant impact on market trends. Meanwhile, Amol Athawale, vice president of technical research at Kotak Securities, said, “While there will be some challenges going ahead due to weak monsoon activity, overseas funds may continue to bet on India due to signs of strong growth performance going ahead.” “Technically, the Nifty has formed a double bottom formation on daily and intraday charts, which indicates a strong possibility of a fresh uptrend rally from the current levels,” he added. Now, let’s dig deeper into the performance of some of the new-age tech stocks this week. The 16 new-age tech stocks under Inc42’s coverage ended the week with a total market capitalisation of $37.24 Bn as against $36.36 Bn last week. Paytm The Biggest Loser Reversing the 4.6% gain last week, shares of Paytm declined 4.7% this week. The drop came after Antfin (Netherlands) Holding B.V. sold 2.27 Cr shares, or a 3.6% stake, in the fintech major last Friday. Besides, we must also note that after months of anticipation, Reliance announced this week that its newest entity Jio Financial Services (JFS) will offer products in the payments and insurance segments. Earlier, many analysts said that the entry of deep-pocketed JFS could pose a significant competitive threat to Paytm. During Reliance’s annual general meeting, its CMD Mukesh Ambani called JFS as the world’s highest capitalised financial services platform at inception. However, Paytm’s gains still remain a significant 61.5% year to date (YTD). Kotak Securities’ Athawale said Paytm looks positive on the technical charts and the stock is holding a higher-bottom formation and is ready for the next rally. “The immediate support for the stock is around INR 830-INR 840 and on the higher side INR 920 is possible,” said Athawale, adding that further upside is also possible which can see the stock rising up to INR 940. Nazara Touches 52-Week High Shares of Nazara Technologies jumped 8.2% on Thursday to reach a 52-week high of INR 814.30 on the BSE this week. Though the stock pared some of its gains to end the day at 777.75, it was at a level last seen at the end of April last year. Overall, Nazara shares gained 7.4% this week, ending Friday’s session at INR 759.2 in the exchange. In The News For: Though the stock is facing some profit booking at a higher level, the texture is largely bullish, said Kotak Securities’ Athawale. “The immediate support for the stock is around INR 720-INR 725. As long as the stock is trading above that, the upside momentum is likely to continue,” said Athawale, adding that Nazara shares could reach INR 810-INR 825 in the medium term. Nazara shares are currently training around 31% higher YTD. SoftBank Offloads Almost Half Of Its Stake In Zomato SoftBank’s SVF Growth (Singapore) offloaded Zomato shares worth INR 947 Cr in a block deal this week. As of quarter ended June 2023, SVF held 28.7 Cr shares in Zomato, which translated to a 3.35% stake in the foodtech major. In its latest block deal, the VC major sold 10 Cr Zomato shares, or 1.16% of its stake in the company. Following SoftBank’s stake sale, Zomato shares fell in two consecutive sessions, reversing the sharp rise seen at the beginning of the week. Despite the fall, the startup managed to gain 6.9% this week, ending Friday’s session at INR 97.23 on the BSE. It must be noted that the shares sold by SoftBank were bought by several investment firms and banks, including BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, Axis Mutual Fund, and Morgan Stanley Asia Singapore. Meanwhile, Zomato, on Friday, informed its stakeholders that Lunchtime, a step-down subsidiary of Zomato Limited, situated in the Czech Republic initiated the liquidation process. “…the dissolution of Lunchtime will not affect the turnover/revenue of the Company,” Zomato said. This week, Zomato also announced the launch of a chatbot, Zomato AI, to enhance the customers’ overall food ordering experience. After a rally, Zomato shares have started
Here’s Everything You Need To Know About Supply Chain Management
What is Supply Chain Management? Supply chain management (SCM) is the strategic orchestration of activities that encompass the planning, sourcing, manufacturing, distribution and customer service aspects of a product’s journey from inception to consumption. SCM seeks to optimise efficiency, reduce costs and enhance customer satisfaction throughout this intricate process. Supply chain management can be categorised into various types: Lean Supply Chain: Focusses on minimising waste and maximising efficiency. Agile Supply Chain: Emphasises flexibility and responsiveness to changing market demands. Green Supply Chain: Aims to reduce the environmental impact by promoting sustainable practices. Reverse Supply Chain: Deals with the return and recycling of products and materials. In addition, key function areas of supply chain management include: Planning: Forecasting demand, aligning production and scheduling resources. Sourcing: Selecting suppliers, negotiating contracts and managing relationships. Manufacturing: Overseeing production processes, quality control and efficiency. Distribution: Optimising the movement of goods, warehousing and transportation. Customer Service: Ensuring timely and accurate delivery, and addressing customer concerns. What Is The Difference Between Logistics And Supply Chain Management? Logistics is a subset of supply chain management that specifically focusses on the planning, implementation, and control of the efficient movement and storage of goods, services, and information within and between organisations. While supply chain management encompasses a broader spectrum of activities, logistics is a crucial component that ensures the seamless flow of products. Why Is Supply Chain Management Important? Effective supply chain management holds paramount importance for several reasons: Cost Efficiency: Streamlining the supply chain reduces wastage, enhances resource allocation and lowers operational costs. Customer Satisfaction: Efficient supply chain management ensures timely and accurate deliveries, enhancing customer satisfaction and loyalty. Competitive Advantage: A well-managed supply chain can lead to faster time-to-market, giving businesses a competitive edge. Risk Mitigation: Supply chain management identifies and addresses potential disruptions, minimising risks. What Is Global Supply Chain Management? Global Supply Chain Management Global supply chain management pertains to the complex coordination of activities across international borders. It involves managing diverse regulations, customs, cultures and time zones to ensure a seamless flow of products. The post Here’s Everything You Need To Know About Supply Chain Management appeared first on Inc42 Media.