Hello everyone, I worked around 5years in Domestic Purchase and Inter-company Logistics,
My Idea is making Procurement in smarter way with systematic knowledge directly interconnected with computer softwares Globally like a chain to reduce human interaction like physical counts and monitoring the stocks to reorder the Items with the help of IOT interconnecting all departments in serial and dynamic model to provide information to the managers to make just a decision with received info like order qty xxx -> Existing stock xxx -> Automatic lean Material plan comparing with other items -> Exact needed Qty xxxx to order.
( Incoming Job Order ---> Lean Production Plan with,
--->Incoming RM Stocks Counts & Qty in Store or warehouse and also in unused Vendor & Supplier consignment stock,
---> Lean Production ---> Removed Qty Stock after Production and waste
---> Dispatch & Shipping ---> Transits Logistics ---> Coordination with Supplier and Vendors )
I'm not aware if this technology is already in use. This is just a thought draft, can this be done for Master Thesis?
Please share your advice a view over this.
Thanks in Advance!!