What is Inventory Accounting?
What is Inventory Accounting? Inventory Accounting tracks and values a company’s inventory throughout the production process, impacting financial health. It defines inventory in accounting as assets recorded during production,...
Supply Chain Procurement Strategies
Introduction of Supply Chain Management: Supply Chain Management (SCM) thus refers to the management of tangible goods and services from the point of production, through distribution to the customer....
What is Freight Forwarding?
Freight forwarding is the overall process that involves the systematic arrangement and shipment of goods from place to place on behalf of a customer/shipper. It manages the entire logistics...
Global supply chain Management
What is Global Supply Chain Management: Global Supply Chain Management encompasses the operations involved from transferring products and services across international borders to perfecting last-mile delivery and achieving an...
Supply Chain Risk ManagementÂ
What is Supply Chain Risk Management? Supply Chain Risk Management (SCRM) involves systematically identifying, assessing, and implementing mitigation strategies to manage potential disruptions, like natural disasters and cyber threats,...
VED Analysis in Inventory Management
What is VED Analysis in Inventory Management? VED (Vital, Essential, Desirable) analysis in inventory management is a strategic tool that segments items into three categories—Vital, Essential, and Desirable. This...
