Supply Chain Finance: All You Need to Know About It

Supply chain financing, as the name suggests, refers to business funding available to aide the supply chain process of business. It is a technology-based business and financing processes that link the various parties in a transaction—buyer, seller, and financing institution— in order to lower financing costs and improve business efficiency. The primary function of supply chain finance is to provide short-term credit that optimizes working … Continue reading Supply Chain Finance: All You Need to Know About It

Primary Functions of Supply Chain Management You Must Know

Supply chain management, as the name suggests, refers to the management of flow of goods and services. In addition, the process also includes  the management of transformation of raw goods into final product, and its distribution to the dealers so it reaches the end customer. Not just that, SCM also involves the active streamlining of a business’s supply-side activities to maximize customer value and gain … Continue reading Primary Functions of Supply Chain Management You Must Know

Techniques of Inventory Management That can Save your Money

An essential aspect of business operations, inventory management includes keeping tabs on a firm’s inventory and monitoring specifications such as weight, dimensions, quantity, etc. The objective of inventory management is to make sure a company has sufficient reserves of its products/raw materials. This would stave off any loss in business opportunities because of inventory having been exhausted. As important a function it is, the best … Continue reading Techniques of Inventory Management That can Save your Money

Lean Manufacturing Principles That Engineers Must Know

Lean manufacturing is a process that improves a company’s manufacturing potential, inventory management, and overall production quality. Toyota Production System was the first company to introduce a similar streamlined concept in its manufacturing line. The term lean manufacturing was coined in 1988 after researchers identified the potential advantage of systematically improving their production line. Studies show that proper implementation of lean manufacturing tools and principles … Continue reading Lean Manufacturing Principles That Engineers Must Know

Know What is Form 16A and Process How to Get it Online?

The certificates of taxes that are deducted at source on all the sources of income that you have are the Form 16, Form 16A and Form 16B. However, there is a huge difference among all of them in terms of their feature and the purpose they serve. In this article, we will try to list down all the differences that these forms have. Each individual … Continue reading Know What is Form 16A and Process How to Get it Online?

How to Get Benefits of MHealth in India?

While India has a lot to do to improve its existing healthcare system, the growth in mobile communication has opened up scope for innovation. mHealth or mobile health has the potential to address challenges related to access, cost and quality of healthcare services in the country. mHealth refers to the medical practice supported by mobile phones and wireless devices with this you can remain connected … Continue reading How to Get Benefits of MHealth in India?

Remote Work, Business Ideas for Women in India

Women, in India, have now set their foot firm in the entrepreneurial world. While a full-time business becomes challenging for women amidst their other responsibilities, remote work business ideas for women are relatively less demanding in terms of risks, time and investment. Top Three business ideas for women in India at low investment, much in vogue today are: 1) Chatbot Maker A chatbot is an … Continue reading Remote Work, Business Ideas for Women in India

How to Use Technology for Inventory Management?

Amazon has more than 65 Fulfilment Centres in India with the largest in Bengaluru. This Fulfilment Centre spans across 350,000 sq. ft. with a storage space of 2 million cubic ft. Even with this extensive storage space and a large number of Fulfilment Centres, Amazon maintains near 100% accuracy with their deliveries. Amazon implements some of the latest inventory management techniques for the above. You … Continue reading How to Use Technology for Inventory Management?

Techniques of Inventory Management that can Save your Money

When considering inventory management, first of all, you must be aware of what is inventory? Inventory is the total number of goods and materials, which a business holds for an ultimate resale goal. Inventory management helps in specifying firms about the placement of those stocked goods How to Save Money with Inventory Management? Here are five inventory management tips to help you save money. 1. … Continue reading Techniques of Inventory Management that can Save your Money