Just in Time (JIT)
Just-In-Time (JIT) is a manufacturing and inventory management philosophy that aims to produce and deliver goods or services at the exact moment they are needed
Procurement
Categories
Categories
- 1_Procurement Insights (28)
- 2_Short Notes (51)
- Finance (2)
- Import (1)
- Logistics (1)
- Manufacturing Process (3)
- Material (14)
- Packaging (2)
- Procurement (18)
- Cost Savings (2)
- Global Sourcing (1)
- Inventory Management (5)
- Forecasting (1)
- Negotiation (3)
- Process (1)
- Strategic Sourcing (2)
- Vendor Evaluation (3)
- Products (4)
- Quality Management (6)
- Stocks (1)
ABC Analysis
ABC analysis, also known as Pareto analysis or the 80/20 rule, is a widely used inventory management technique that categorizes items based on their relative
Inventory Management
Inventory management refers to the process of efficiently and effectively overseeing the acquisition, storage, tracking, and utilization (ASTU) of an organization’s goods or products. It
The Golden Rule of Negotiation
Some of us avoid negotiation, some fear negotiation because they equate it with conflict. They consider it as a clash of the wills, they see
Forecasting Models
Forecasting Models – Forecasting models are one of the many tools businesses use to predict outcomes regarding sales, supply and demand, consumer behavior and more.
Vendor Rating
A few ways by which a vendor can be evaluated are listed below- Categorical Method Weighted point Method Cost Ratio Method
