SHANTI MANTRA ॐ सह नाववतु । सह नौ भुनक्तु । सह वीर्यं करवावहै । तेजस्वि नावधीतमस्तु मा विद्विषावहै । ॐ शान्तिः शान्तिः शान्तिः ॥ Om Saha Naav[au]-Avatu | Saha Nau Bhunaktu | Saha Viiryam Karavaavahai | Tejasvi Naav[au]-Adhiitam-Astu Maa Vidvissaavahai | Om Shaantih Shaantih Shaantih || MEANING Om, Together may we two Move (in our Studies, the Teacher and the Student), Together may we two relish (our Studies, the Teacher and the Student), Together may we perform (our Studies) with vigour (with deep Concentration), May what has been Studied by us be filled with the brilliance (of Understanding, leading to Knowledge); May it not give rise to hostility(due to lack of Understanding), Om Peace, Peace, Peace
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RISK MANAGEMENT
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RISK MANAGEMENT for supply chain and procurement Specialists Problems with Procurement a) Reliability of Suppliers b) Traceability is complex c) Procurement is not only about the best price Types of Supply Chain Risks 1) Price Risks: · Firstly, dependency on external costs for e.g. distributor’s dependency on external factors is 80-90%, while pharma dependency is 20%. Therefore, this varies from company to company. · Raw Material’s cost fluctuations · Market Influences: new player or your competitor's policy in the market 2) Supply Risks: · Quality Deviation · Natural Distractions · ...