Forecasting process is the technique of predicting the future based on historical and current data. These can then be compared (resolved) to what really happens. For example, a corporation might forecast sales for the coming year and then compare it to actual outcomes. Forecasting can relate to formal statistical approaches that use time series, cross-sectional,…
Category: Supply chain
Financial Supply Chain Management- 20 Financial Term
What is Financial Supply Chain Management, and what does it entail? Financial supply chain management (FSCM) is the process of looking at all of your financial procedures as a whole rather than as separate processes. The procure-to-pay cycle, working capital management, and order-to-cash cycle business processes are all part of this end-to-end process. Everything related…
Excel for Supply Chain Professional – Top 10 Formulas
Excel For supply chain professionals at all levels, knowing valuable Excel Tips & Tricks is essential. I’ve come across several candidates that have a good resume & Profile but when they are asked to use basic Excel formulas like vlookup or pivot table. some of them are unable to do that.Excel is one of major…
What is the MOQ (minimum order quantity)?
MOQ – To operate as efficiently as possible and maximise revenues, wholesale distributors impose many laws and constraints. They utilise a method known as minimum order quantity, or MOQ for short. MOQs have an impact on both buyers and sellers in the B2B market, so it’s crucial to understand how to use this metric to…
What is RFQ and how can I use it? A comprehensive guide with examples
RFQ- The procurement process for B2B transactions can be lengthy. However, if you find yourself talking price, it’s a positive sign that you’re getting close to the end of the procedure. You must have located and considered numerous vendors who may be able to deliver the things you require up to this point. After…
6 Website to Liquidate Inventory & Earn Dollars
Liquidate inventory- Excess & Obsolete Inventory is that the commonest problem in supply chain. However, Excess inventory doesn’t need to become a liability. instead of incur more inventory carrying charge on excess inventory, there are some practical opportunities to sell and make cash once you liquidate inventory. because of consistent technological advancement, it’s now…
Lead time Definition -6 Reason to know
Lead time Definition Lead time Definition is definitely a buzz word in today’s quick paced business setting, and everybody concerned desires Associate in Nursing in-depth understanding on why it’s necessary. client time interval will be outlined because the time it…
TOP 5 Internship Opportunity For Supply Chain In India
TOP 5 Internship Opportunity For Supply Chain Researched & Found Few Internship Opportunity in india for Supply chain Management- If you are looking for Supply chain management Internship this is must watch video for you if based in India also. Why Internship is important – It is really Important because it will make…
Free Training + Work From Home for Freshers + Free Internship from Government of India 2021
Topics covered – Nissan India Internship free training and internship work from home training and internship work from home jobs Internship for 2022 batch Internship for 2021 batch Internship for 2022 batch Government Internship work from home job for college student part time jobs part time internship online internship python internship web developement internship summer…
Supply chain Security Breach Increased
Supply Chain Security -Does we want to talk about this ??? Supply chain Security and Data Breaches in supply chain system. This has just Increased to 78% from last 2017.. What I personally feel that this (Supply Chain) could be easy targeted link to reach and Fetch any organisation Data… When i…
