Gazi Sanaul Hasan

When businesses don’t have a handle on the activity of their inventory, or worse, track it with outdated spreadsheets and data entry, the rest of the pieces, like order fulfilment, don’t fall into place. When you don’t know how much inventory you have on hand, you can’t make smart reorder decisions. 3 Inventory Management Techniques Safety stock inventory Safety stock inventory management is extra inventory being ordered beyond expected demand. This technique is used to prevent stock outs typically caused by incorrect forecasting or unforeseen changes in customer demand. FIFO and LIFO LIFO and FIFO are methods to determine the cost of inventory. FIFO, or First in, First out, assumes the older inventory is sold first. FIFO is a great way to keep inventory fresh.LIFO, or Last-in, First-out, assumes the newer inventory is typically sold first. LIFO helps prevent inventory from going bad. Just-in-time inventory management Just-in-time (JIT) inventory management is a technique that arrange...

PGD in Supply Chain in Bangladesh  Supply chain courses are the hyped courses in Bangladesh now. So many institutions are trying to provide the supply chain courses to cover a large number of graduates. Trend analysis shows that in Bangladesh within the 12 months the search supply chain was dramatically higher. It's top in the city of trade Chittagong. Let's have a look at the following image.   Today we will share some institution names who conduct PGD courses in Supply Chain Management in Bangladesh. They are 1. Mind Mapper Bangladesh 2.  DCCI Bangladesh  3. BIMS Bangladesh   4.  Career Hub BD 5. BIHRM 6. BISCM 7.  ABP These institutions are suggested by different professionals in our group Supply Chain Management Students of Bangladesh . So if you have any queries, please click the link and contact them for the course details. Don't forget to join our Facebook Group.  Gazi Sanaul Hasan