Recent Trends and Challenges in Global SCM

Global SCM is a worldwide network of suppliers, manufacturers, warehouses, distribution centers,  and retailers through which raw materials are acquired, transformed and delivered to customers. Read More about Global Supply Chain Here Meaning and definition Case Study Recent changes affecting Global Supply Chains. Internet and technological change. The proliferation of trade agreements. Falling Trade Barriers. Increase in international trade groups. New Markets. Obstacles in Global SCM.            The points give below explains, the different potential obstacles in Global Supply Chain. Centralized Operation. Centralized control can be important, in taking advantage of…

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Steps in Demand Forecasting

Demand Forecasting Demand forecasting is an important tool for the business to plan and execute its operations. By demand forecasting, we mean that the process of foreseeing the possible demand for the products or services that the business can offer. It is to be done systematically and as a step by step process. The important steps involved in forecasting process are:     Steps in Demand Forecasting Understand the objective of Forecasting Integrate demand planning and forecasting throughout the supply chain Identify the major factors that influence the demand forecast…

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