How to improve forecast accuracy?

Sales, Marketing and Demand planners have a role of reviewing and validating the forecast made in the previous forecasting cycle. Those in a supervisory role need to quickly review the work of their subordinates. While experience does play a role, here are some bas

With the release of the first official discussion paper (dated 10^th Nov 09) on pan-India GST rollout, many questions about the GST model have been either answered or clarified the direction of thought adopted by the Empowered Committee (of State Finance Ministers).

The paper makes some key points about the model being proposed –

The first part of this article focussed on best practices for warehousing from a cost effective designing perspective. Let’s look at some of the other ingredients which go into making a world class warehousing and its management.

To what extent does code type and symbology play a role in bar code implementation?

What exactly is a bar code? Codes have been in use for materials and goods for a long while now. Bar code is a representation of such codes in a unique white and black format.

Current financial crisis has caused firms to look for cost cutting measures so as to trigger demand for their products and services by lowering their prices. In Indian scenario, supply chain with its inefficiencies offer firms to do just that.

Connecting the dots between the ubiquitous red letter boxes, riding coach with the Wild-West financial markets, the yellow stuff, and India’s latent supply-chain behemoth in making