The world of business is truly fascinating. Businesses provide livelihood to the majority of the human race. Even farmers also depend on businesses to sell their products and get inputs for farming.
However, to most of us, the world of business remains a mystery. In these series of blogs, we try to unravel the mysteries of business.
In this blog we will learn about ‘Techniques of Physical Product Delivery.’
|Demand forecast||Demand forecasting is the result of a predictive analysis to determine the demand at a given point in the future. Forecasts are determined with complex algorithms that analyze past trends, historic sales data, and potential events or changes that could be factors in the future. With demand forecasting, third-party logistics providers can analyze past trends to design an effective lean inventory model for the future.|
|Capacity planning||Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products. Better capacity planning means that more orders are carried and fulfilled in a single trip, thereby increasing the total resource efficiency. Delivery schedule planning, capacity planning, and subsequent route optimization results in more orders fulfilled and that too, on-time.|
|Inventory tracking||Inventory tracking is all about monitoring stock levels and knowing exactly where the inventory is at a point in time. A well-implemented inventory management system allows a company to know exactly where its inventory investment resides and keep a tab on them. Inventory management systems track inventory based on transactions. Tracking inventory using POS systems and barcodes allows the retailer to have consistently up-to-date inventory status and sales information.|
|Electronic Data Interchange (EDI)||This is a technique used by many transporters that basically replaces the old paperwork with electronic data. As one can imagine, getting rid of paperwork makes the process much quicker.|
|Inspection||The aim of inspection is to check the product against certain standards in order to deliver quality products|
|Deming Cycle/PDCA||PDCA (plan–do–check–act or plan–do–check–adjust) is an iterative four-step management method used in business for the control and continuous improvement of processes and products.|
|Vendor assessment||Assess ability of a potential vendor to meet commitments with respect to delivery and consistent provision of a product or service. This ensures the vendor is reliable and organization expectations are met. It reduces risk of choosing an unsuitable vendor and leads to improved long-term satisfaction with decisions.|
|CSAT Survey||Customer satisfaction surveys measure customer satisfaction score, or CSAT, which is a basic measure of how happy or unhappy the customer was with an experience with a product or service, or with a specific interaction with the customer service team|
About Adaptive US
Adaptive US is world’s #1 leading IIBA EEP. It is the only training organization that provides IIBA certification training with Success Guarantee. Adaptive is a World Leader in CBAP training, ECBA training, IIBA CCBA training, , IIBA CBDA training, IIBA CCA training and IIBA AAC training.