 So, ladies and gentlemen, right after the analysis area or analysis part, we are now reached to the X efficiency in a supply chain part. You have done the analysis, you have found out the market, you have taken out the cost factor analysis. You have taken out the middle way on the cost minimization or maximization. Then you are on the efficiency, you are going on the selective efficiency, you are going on the complete efficiency. You are going on the selected ideology or you are going on the overall ideology. Then your next important part will come after the understanding of the market. Where does the supply chain comes from? So, very much important is supply chain. Let this mind be aware that I have taken any virtual reality. As long as my supply chain will not be better, which is completely practical, which is completely tangible, this cannot be an idea. And if I am giving services, then there is also supply chain. How many towers are there? How many satellites are there? How far do I reach out? How much is my total overall market? That is again the technical parts. We do not already take services, but in the manufacturing part, for example, now you must have seen that there are book deliveries for some time. You are given a third level break, but the reach out of books has increased. People have started reading, obviously there are digital books, but if you are getting delivery online at home, then online buying has increased a lot. You must have seen that there was a time of pandemic, and suddenly your online delivery has increased, online market, online space has increased, retail has increased, but again the supply chain is mass. What are the main components in X-Efficiency in relation to supply chain? I am starting to talk about the importance of entrepreneurs, and I understand that supply chains do not pay attention. The biggest success supply chain of Taobao was if, for example, whenever I went to any market, if I scanned any shoe and saw a variant like that, I would get 100 kinds of 100 products in 100 prices in front of Taobao. I mean the shoe that I see there, the physical size of 450 and 400 Yuan, I get it in 12, 17, 18 and 22. How is this happening? It was out of stock, it was lying somewhere, I got one pair of these, one pair of these, I bought Taobao and sold it in 17 rupees. So, you must have seen that the variants have increased, the area has also increased, the stock has increased significantly from Beshmah provinces. So what is this? This is the miracle of supply chain and to understand the supply chain. Number one, make or buy. First we have to take a decision whether it is a retail or you are in online retailing or wherever you are. So you do not have to pay for butter services in recent months. You must have seen that the market has completely gone out. Not with the name but with your supply chain. In manufacturing, if I have got the managerial issues, then it is not as efficient as that. Similarly, the distribution and distributive market was also weakened. So where did the money come from? In the name of Endure. In the name of Endure, when it started coming, when it came in the name of Endure, they said should we make or buy? And what do we have to do? Do we have to order or sell? Now see, make or buy, producing or outsourcing a product, that is one choice of supply chain. Now they saw that China is making 200-300 per product per unit and I will make it in Pakistan. I am not saying that I want to buy leather in 1800-1800. I want to buy cow leather, I want to buy other leather, I want to buy grey leather, I want to buy grain leather. I want to save from IKEA, I want to buy local tending leather. So now I want to buy decimals on this. Now instead of going into such a big supply chain, then China is the biggest market. Why not to get the supply chain, supply from there? So they came here and sold it. So this is what happened in Pakistan, they did the same thing, they started selling products from China. And what happened? Neither the tires are being made from here, nor the other things are being made. So all the supplies started coming from this place. So I told you that when you become a consumer society, then you stop being efficient in these things. Whether you remember that it is very important for you to be efficient in both things. As long as I am a good product, I will not make it in the local market of my own choice. I will never try to make it so that I can produce and take satisfaction from only outsourcing. I want to give an example of this. In recent time, a jeep came in a big variant. The rest of the variants came from Japan. In the same range, the high end range, when it was imported, the import of the engine was back. So it is almost 10 years from now. The new import price has increased by 5 crores, 4 crores, 3 crores along with the duty. So the increase in the price was increasing. When the sampling started to be local, then the cost efficiency, price efficient, the interior is excellent, the optimal price is also excellent. Overall, it has increased according to the market. But when compared to the market, then the difference between the earth and the sky has started to come. So I am in the favor of the sampling, production of the maximum things. The local way of doing it, you should be very much local in every way so that your efficiency is better. If you outsource from outside, then the rest of your demographics, psychographic, and even your physical matters are not there. I mean, if I buy Nike shoes directly, and they are made on American standards, then my pair is the pair of the South East Asia. And if I look at the pair, then my curves are different, the pair of the GORE is bigger and bigger. So that shoe will definitely not go on my shoes. So this was a very big problem. But in the local market, there is no such standard. But what did they do? They started making your local variants. Then the price got justified. If you are taking a runner or a trainer of 25,000, then you should justify your physical design. Let's look at the sourcing strategy. How will the company make the sourcing strategy? The sourcing strategy is to give the long-term direction of sourcing and to help the company to achieve overall goal, especially by reducing costs, a very important factor. We have to reduce the cost. We will make the reduced cost. Your unit is reducing there because your raw material is cheaper. Like I gave you an example of shoes. But if you have shoes, then you will not get a Chinese shoe. You will also get a $150 Pakistani shoe. You will also get a $200 Pakistani shoe. You will also get a $2,200 Pakistani shoe. If you want to make something even though you are dead, then you will have to go to any sort of a hand-made shoe. Then you will have to pay about $4500 to $4,000. If you go to any other machine, then you will get $1700 to $1800 to $2,000. I am talking about a shoe. I will sell it for $13,000 or $15,000 or $18,000. Due to the difference in price, my market size will change. Now let's look at the supply strategy after reducing costs. One is an efficient supply strategy is dependent upon the supplier operations in a monopolistic or competitive environment. As I said, in monopolistic, you have understood that first of all, you know that you are sharing a total of 90% of the market. You can see it in the tissue industry, in the diaper industry. You can see it in the disposable, in the glass, in the plastic. You will get this. When you start coming from China from the local market, then the competition has increased in the market. Now let's look at the contract of the livers. Contracting of the livers is also very much important in supply chain. Many contracts are very important. They are very important in the timeline. So time, cost, scope. Time, cost, scope is as important as it is everything in the organization. So supply chain is completely dependent on the factors. Time, cost, and scope. Which is, so the labor contract to supply and purchasing contract have to be the ability to have a significant impact on organization output, hence determining efficiency or effectiveness or efficiency or inefficiency within an organization. So that is much, much important in every way where the incompetency or competency is there. So competent thing must be equally translated into efficiency. So ex-efficiency, we see in the supply chain. So to modulate it, the best model is that cost, time, scope, cost, time, scope. We see standards on these things so that our supply chain is on the ex-efficiency standard. Thank you very much.