What is Supply Chain Management (SCM)? Supply chain management (SCM) is the broad range of activities required to plan, control, and execute from materials to production for delivery in potentially the most economical way. SCM incorporates integrated planning and implementation of the processes needed to optimize the flow of materials, information and capital into functions
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Microsoft Dynamics NAV has popularized in small and mid-sized organizations and it is well as it is easy and much more convenient to install and learn. It is an integrated system for most of the retailers as it controls the financial, supply chain, sales, manufacturing and business intelligence. Microsoft Dynamics NAV integration allows your business organizations
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It is a robust software application, which empowers supply chain management operations and helps business administrators to get the more profits out of it. It helps manage and control daily operations in a warehouse through automation and precision. As a warehouse distribution business administrator, you can deploy this system to produce guidance for receiving and putting
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Logistics companies are struggling to cope up with challenges to maintain competitiveness and increase efficiencies in operational processes. The struggle increases through the operation of the transportation process with manual or legacy solutions. The complex design and implementation of traditional transportation management systems are creating redundant processes and reducing flexibility. Organizations need a system that
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Transportation management in context of COVID-19 pandemic Transportation management is a subset of supply chain management with a primary focus on the logistics movement of goods across the supply chain through multi-modal transport types. Transportation system became the backbone of any economy and which will make or break the echo system and disrupt public life
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In business planning, financial plan or budget is the main phase. When the business is operational, planning is the vital task to strongly manage its financial performance. A budget is an estimation of income and expenditure for a particular period. Effective budgeting process can help financial managers to perform their business functions effectively. Many managers
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Aligning operations strategy to business strategy Operations strategy must be aligned to business strategy. If not the organizations will end up with inefficiencies and loses competitive advantage. The 14 focus points mentioned below can help to avoid such problem. Introduction: According to Porter three generic strategies that a firm can use to competitively distinguish itself:
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Aligning business processes and achieving business process excellence If your organization is using a Balance Scorecard and have a running ERP system, then you can adopt the following 10-step model to achieve process excellence. This approach will help you to assess the process maturity, prioritize, select a suitable approach for process excellence, launch an initiative,
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