Tag Archives: Supply Chain
Forecasting
Intro : Forecasting is the process of making predictions or estimates about future events, trends, or outcomes. It involves analyzing historical data, identifying patterns or relationships, and using this information to project future values or trends. Forecasting is used in various fields and industries to aid decision-making, planning, and resource allocation. Forecasting is used for…
Supply Chain Management (a.k.a. “SCM”)
This week, we will glance at the supply chain. In this article, I’ll do my best to explain the basic definitions and operation areas of the supply chain. Basic Definition of Supply Chain : Supply chain management (SCM) is a critical aspect of business operations that involves the coordination of various processes to ensure the…