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Why every company requires supply chain management (SCM)?

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We have seen many huge factories and many trucks or trailers transporting goods from place to place ever wondered how they perform such a complex transaction so smoothly without misplacing any item? Yes, that’s where supply chain management comes in. In easy words, supply chain management handles the flow of goods or services from the raw components to delivering them to the consumer. Supply chain management is the optimization of product flow from its raw state to the consumer’s delivery. It can include the movement and storage of raw materials, inventory, finished goods, work-in-process, and end-to-end order fulfilment from the point of beginning to the point of consumption. As we know now what supply chain management let's see why people use it. Why company or organization need supply chain management? It modernizes the flow of everything from goods to any unexpected natural disaster Here is some point to state the impotence of SCM: 1) Boost Customer Service 2) D...

What is Nifty50 and Sensex? How to earn money online..

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  Stock market or Share market or equity market this is the first thing which comes to our mind when we think of making huge money online with comfort of our own and quick. Everywhere and every step of your life you have seen trading. Person who masters it becomes rich in no time, so why can’t we be that person. Worry not!! its easy in 2022 to master this thing. Stock market works through networks of exchange, so you can start with 10 Indian rupee and make it 10 core . NIFTY 50 is a benchmark Indian stock market index which represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. The BSE SENSEX is a free float market weighted stock market index of 30 established companies listed on the Bombay Stock Exchange.   How to start investing? Many of us have heard rumors, suggestion and what not. To start with stock market it’s easy, anyone can do it but surviving and making profit out of it is real game where most of the ...