The Importance of Ethics in Project Management
Introduction: The Ethical Imperative for Project Managers While Ethics are important for all organizations and their employees and other stakeholders, they are more important for project managers who execute complex projects and interact with a wide variety of stakeholders. Indeed, being ethical and following ethical norms can be said to be prerequisites for project managers […]
What is Hypothesis Testing ?
What is Hypothesis Testing ? Hypothesis testing is one of the statistical method used to confirm the effect that critical few inputs have on the outputs. Hypothesis testing must be used when the inputs are measured discretely. The outputs may be discrete or continuous. However the inputs must be discrete, if the inputs are continuous […]
Reverse Logistics
As Supply Chain Activities are evolving and partnering changes in business models, the focus and activities are not restricted to the management of raw materials and finished goods from point of origin from the vendors to plants and further on to the end customers. There is another extension to Supply Chain Process called as Reverse […]
The Singapore Growth Model
Singapore has been one of the great success stories of South East Asia. The country started with very little money or resources just a few decades ago and had built one of the best global cities today. Their success story is not similar to that of China or Hong Kong. The differences are remarkable. The […]
Inventory Health – Important factors to be considered to avoid Inventory Mismatch
Any inventory of raw materials or finished goods runs into thousands of SKU items. Especially in case of Raw Material Inventory as well as Spare Parts Inventory these numbers could be much higher when compared to Finished Goods. Even in Finished Goods some products like clothes, grocery etc could run into thousands of SKUs across […]
In any project involving outsourcing of warehousing operations, setting up a Distribution Center or Managing Plant logistics, if the project involves setting up a dedicated facility for the customer and the size of the project is huge; such project requires detailed attention and work from both parties. The buyer would have to detail the requirements in the RFQ document, and the 3PL service provider would have to work on designing a detailed solution.
The RFQ response document holds the key to showcasing the proposed solution and the vendors understanding of the requirement and capability.
In this article we proposed to cover the components of the solution design document in brief.
A response document to an RFQ will normally contain the following sections:
Solution Design Document is the main part of a response document, which details the solution proposed matching with the requirements of the buyer.
Solution design generation is driven by Business Development team with the active involvement of a solution design team. The solution design team would have the required competence, engineering capability, and tools to prepare the design. Functional experts or Subject Matter Experts and operational experts are brought in to collaborate with solution design wherever required.
Once solution design is ready, it is reviewed by operations team and IT besides costing team for internal acceptance and approval before being submitted to the client.
A solution design normally consists of:
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