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Aditya Kumar Rana
Aditya Kumar Rana

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Nov 29

Problems faced in current inventory management scenarios

Managing inventory is a critical aspect of running a successful business, and various challenges can arise in the process. Here are common problems faced in inventory management: Stockouts: Problem: Running out of stock for popular items can result in lost sales and dissatisfied customers. 2. Overstocking: Problem: Having excessive inventory…

Inventory Management

2 min read

Inventory Management

2 min read


Nov 25

Why is vendor/supplier integrity important for supply chains?

Vendor or supplier integrity is crucial for a supply chain’s overall effectiveness and success. The relationship between a company and its suppliers is a key component of supply chain management, and supplier integrity plays a significant role in ensuring smooth operations. …

Vendor Management

2 min read

Vendor Management

2 min read


Nov 16

How Market Dynamics affect Demand Forecasting?

Market dynamics play a crucial role in the accuracy of demand forecasting. Changes in the market environment can significantly impact consumer behavior, and if these changes are not adequately captured in the forecasting models, it can lead to inaccurate predictions. Ways in which market dynamics can contribute to poor forecasting: 1…

Demand Forecasting

2 min read

Demand Forecasting

2 min read


Nov 6

Inventory Control Methods and KPIs

Inventory control is how an organization can maximize profits with minimum inventory investment without affecting customer demands in an economical way. It involves looking at one’s stock and maintaining accurate stock levels. …

Inventory Management

5 min read

Inventory Management

5 min read


Nov 6

FMCG vs CPG — a comparison

What is CPG? CPG’s full form is Consumer packaged goods; these are items that people buy regularly, such as apparel, cosmetics, and other household items. These items have a short shelf life and are designed to be used as soon as possible after purchase. Every consumer packaged good (CPG) company…

Fmcg

3 min read

Fmcg

3 min read


May 3

Forecast Accuracy

A demand forecast is a prediction of future demand, typically based on a combination of historical data, estimates of future sales activity, marketing actions, customer habits (think shopping holidays like Black Friday and Christmas), and even the weather. …

Forecast Accuracy

2 min read

Forecast Accuracy

2 min read


Apr 14

Material Management (MM)

Material Management (MM) One of the key components of SAP ERP software is the SAP MM (Material Management) application module, which supports the inventory and procurement processes involved in regular corporate operations. The MM module includes a wide range of features, including purchasing, receiving items, storing materials, consumption-based planning, and…

Material Management

2 min read

Material Management

2 min read


Mar 30

PR vs PO

Purchase Requisitions A purchase requisition is a document that requests a purchase to be made. A purchase request form or a purchase requisition form is often the first step in the purchase requisition process. The party wishing to make the purchase creates this form, which is then submitted to the…

Purchase Requisition

3 min read

Purchase Requisition

3 min read


Apr 26, 2021

What is it, the entire world is facing right now?

What is it, the entire world is facing right now? Is it a pandemic, or the exposed improper healthcare system of all states, or bad government policies, or people’s carelessness? What is this inevitable situation that everyone is in right now? It is everything of the above included in a…

New Normal

2 min read

New Normal

2 min read


Apr 1, 2021

God and/or Science

** Disclaimer: I don’t mean to hurt any religious sentiments. Nor I am commenting anything on any specific religious belief. I believe in all religions and above all, humanity. Does God exist? A standard question which has been asked by many people since ages. Lot of theories exist in and…

God

2 min read

God

2 min read

Aditya Kumar Rana

Aditya Kumar Rana

1 Follower

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