What is BOM
BOM stands for Bill of Material. This is the minimum quantity of all Raw Materials required separately for producing unit quantity of the product. BOM helps planning department in Raw Material procurement
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BOM stands for Bill of Material. This is the minimum quantity of all Raw Materials required separately for producing unit quantity of the product. BOM helps planning department in Raw Material procurement
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SCM, also known as Supply Chain Management, is the concept or a scientific approach, used in highly professionally managed manufacturing organizations.
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Like CRM (Customer Relationship Management), SRM or Supplier Relationship Management is also very important tool for any organization, to be used to analyze vendor behavior, supplied goods and service in more systematic angle of analysis.
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CRM also known as Customer Relationship Management is the new concept in running organized Business portfolio. Though the concept is very old and since ages is being used everywhere, doing business but was not used as a scientific concept.
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If you know - What is ERP, Why to Implement ERP, How to Select an ERP then what left? I think nothing. But still it will be a good idea if before analyzing the scope of work; we must know how to define scope of work.
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When we discuss about any ERP Software that can be implemented in any mid to large sized multi-locational manufacturing group or service industry a very basic thing comes in mind- what will that ERP does?
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This is a very tough question and situation for any business entity to opt one solution. The answer is not as simple as we think. Why because it is going to affect you during your further journey as a business leader.
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ERP commonly known as Enterprise Resource Planning is a set of many interrelated and integrated applications, designed and developed for managing multiple tasks of any business entity.
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What is ABC Analysis? The answer of the question falls in Inventory – Maintaining Inventory is the most challenging...
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