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
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
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?
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