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Day: August 25, 2022

The transformational power of efficient supply chain management

Posted on by Imarticus Learning

The transformational power of efficient supply chain management

Supply chain management (SCM) is managing an organization’s supply chain to enable it to fulfill its mission, satisfy its customers and achieve its objectives. This blog post will discuss how efficient supply chain management can help grow your business over time.

The transformational power of efficient supply chain management

Supply chain management has been around since companies were managing their manufacturing operations, and it was often part of the “production department” or “manufacturing division” within a company. 

In today’s competitive environment, however, supply chain management has become much more complex than simply keeping track of raw materials and parts to make products for customers. It now involves managing everything from purchasing goods and services through distribution channels to customer service after the sale.

Logistics must be considered alongside SCM when looking at how best to manage your business’ overall logistics needs; these two elements work hand-in-hand with one another, so they don’t compete against each other but rather complement each other when creating successful outcomes across all areas involved in running an effective operation.

A supply chain manager must be able to forecast what will happen with your product or service over time—and then make decisions based on those forecasts. If you’re not doing this well enough yet, then there’s no way you’ll be able to succeed in today’s competitive market environment!

The difference between logistics and supply chain management

Supply chain management is a broader concept than logistics. The former refers to the entire supply chain, whereas the latter is just one element of that chain. Supply chains are complex, multi-layered systems that require coordination across all stakeholders to function effectively. 

 

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This includes everything from upstream suppliers and manufacturers who provide raw materials or components for products you buy to retailers who sell those products directly. On top of this mixture of entities are third parties like freight forwarders, customs agents, and shippers who handle transportation logistics—the movement of goods between origin and destination.

Supply chain management is a key differentiator in today’s competitive environment.

While many other industries have struggled to keep up with the pace of change, supply chain management has remained an essential element of success for businesses across all sectors.

Supply chain management has become more complex over time as technology and globalization have facilitated the flow of goods worldwide. As such, companies must understand how they can partner with their suppliers to achieve maximum efficiency while reducing costs by minimizing waste and improving customer service through efficient operations at every step along the way.

The SCM process must be coordinated across all departments in an organization so that everyone knows what needs to get done and when. 

Explore a Career in Logistic Management with Imarticus Learning

The best supply chain management certification course will help managers make strategic, operational, and tactical decisions. Prepare to contribute to the development of more tactical and inventive global supply chains in the future by combining traditional supply chain online courses with data-driven decision-making.

 Course Benefits For Learners:

  • Students are exposed to essential technologies, including six real-world projects, to thoroughly understand the industry and prepare them for a successful career.
  • Completing a supply chain management online training allows students to prepare for highly sought-after jobs such as demand planners or data scientists!
  • Python will teach students how to be data-centric and improve supply chain decision-making.

Contact us through chat support, or visit our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.

Financial goal setting: Dos and Donts

Posted on by Imarticus Learning

Financial goal setting: Dos and Donts

If you have ever tried to set a financial goal, you have probably found that it’s easier said than done. You may feel overwhelmed by your finances or tired of them. This post will help you create SMART goals that are realistic and achievable but also specific enough so that they can get measured easily over time. 

Do make sure your goals are achievable

  • Make sure your goals are realistic.
  • Make sure they are specific and measurable.
  • Make sure they are relevant to you and your life, not just the world.
  • Make sure they are time-bound by setting a deadline to complete each step in achieving them (e.g., within one year).
  • Balance your values with financial goals, so you don’t sacrifice one for the other—it should be possible to achieve both!

Do make them specific

One of the best ways to set a goal is to be specific about what you want to achieve. Your goals must measure your progress and know how well you are doing.

Do make sure they are measurable

  • Measurable goals are clear, precise, and specific. They can be tracked and measured by the person or team with the plan, so they know whether or not they have succeeded in reaching their target.
  • Measurable goals also have a time frame.
  • The main thing is that your goal should be achievable by yourself (or anyone else with whom you work together). 

Don’t let them be too rigid

Your financial plan should always be flexible enough to adjust as circumstances change and new opportunities arise. If your goal is not flexible enough, then it will be difficult for you to reach it because there may be times when things look bleak, but they’ll still get better later on. 

Don’t just write down your goal. It is essential to reflect on them regularly

Reflecting on your goals regularly will help you stay motivated and ensure you are on track with them. If you don’t measure your progress, it can be challenging to know if you are making any headway or if something else needs to get done for the goal to reach.

It’s also essential for people who have set their sights on a particular goal but don’t know how they’re going to achieve it.

Don’t use too many metrics

When setting goals, you want to choose just a few metrics that are relevant to your life. They must be measurable, time-bound, specific, and realistic. You can’t expect to achieve all of them at once or within the next year—and even if you do, there’s no guarantee that they will result in a positive outcome.

Explore a Career in Financial Technology with Imarticus Learning

The fintech certification program strengthens students’ understanding of FinTech by providing practical teaching from industry professionals, real-world case studies, projects employing Blockchain and Cloud Computing, and vital relationships with FinTech industry leaders and entrepreneurs.

Course Benefits for Learners:

  • Fintech has a promising future; students may stay up to date by attending networking events, job advertisements, or webinars.
  • Learners will discover how to use principles from fintech online training in their regular operations.
  • These are the finest fintech courses in India that will prepare students to land their dream careers after graduation!

 Contact us through chat support, or drive to one of our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, Gurgaon, or Ahmedabad.

IIM Lucknow Certification Course: All You Need To Know

Posted on by Imarticus Learning

IIM Lucknow Certification Course: All You Need To Know

It is impossible to think of management education in India without mentioning the India Institute of Management (IIM). The name itself is a symbol of quality management education in the country. Since its inception in 1961, IIMs have revolutionized management education in India. There are 20 independent government-sponsored management institutions globally branded as IIMs. One of these is the Indian Institute of Management Lucknow (IIML) – the topic of discussion in this blog.

All you need to know about financial services and capital market program

The course will cover the fundamentals of financial services and capital markets. Each course module will involve live virtual teaching, and learners will have access to the campus immersion at IIM Lucknow twice – once at the program’s start and once at the end. The 6-month course will include two batches per year, with six days of campus immersion in total. It is aimed at high-performing mid-level and senior-level management professionals from the Financial Services sector in India and worldwide.

Eligibility Criteria

The Indian Institute of Management Lucknow follows the same eligibility criterion as other IIMs. One must have a bachelor’s degree with at least 75 percent marks or an equivalent grade from any recognized Indian university for graduate programs. For qualified students, a fee of Rs. 2 lakh will be paid at the time of admission.

The Admission Process

IIM Lucknow has two intakes each year, in January and July. The application process involved a couple of stage-based online forms. The online form for self-profile had 3-5 questions depending on the course one is applying for. Similarly, the online questionnaire had around 12 questions and asked students to describe their goals and visions concerning their careers. The third stage is the intelligence test. This test assessed the student’s logical and critical reasoning abilities. The last step involved personal interviews with selected students.

IIM Lucknow is a premier institution in India, and many candidates look to get trained or certified from this institute. At Imarticus Learning, we are proud to offer Certification Courses from IIM Lucknow. This is because it is impossible to get admitted into the program, given your eligibility. Our courses are a perfect substitute for getting the equivalent knowledge and merit certificate from India’s Premier Management Institution. 

Discover financial risk management course with Imarticus Learning

Through our financial services and capital markets course, students will learn about investment banking, capital markets, risk management, and fintech. The top business school established this demanding six-month program at IIM Lucknow. Middle managers with experience who want to restart their careers in finance would find this training valuable.

Course Benefits For Learners:

  • Students can connect with their peers and business experts as part of this finance management course.
  • Students will understand critical topics, including investment banking, capital markets, risk, and fintech.
  • Capital market training courses teach students all they need to know about the financial sector and its operations.

Contact us through chat support, or drive to our training centers in Mumbai, Thane, Pune, Chennai, Bengaluru, Delhi, and Gurgaon. 

Navigating through an investment banking interview: Top tips

Posted on by Imarticus Learning

Navigating through an investment banking interview: Top tips

Many business students aim to make their way through the best investment banking firms, but this fierce competition makes it a tough nut to crack. One attempts to go for this when passionate about having a career in investment banking. But to navigate through this arduous path, you must have a good grasp of not only finance and investment but the skills of risk management as well.  

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An individual can prepare for all this through a specific course that caters to their requirement. A favorable one can be the investment banker course with placement like the Certified Investment Banking Operations Professional Course.

After acquiring the essential knowledge, the time arrives to crack the interview with a practical response to the questions asked, and to help you in doing so, here are some helpful tips;

Research about the Firm

It is of utmost importance to have a proper understanding of the company you are interviewing for. One of their main concerns is your awareness of their firm and its working procedure.

You must assure them of your loyalty and showcase the efforts that you have put into getting all the insights;

  • The firm’s position in the market and its values
  • A case study related to it
  • Recent updates linked to the respective firm

Apart from these, you can prepare some of your suggestions for the firm to upgrade its position in the market. 

Use more Jargon and Case study references in your answers

It is essential to let the interviewer know about your expertise in the field. To do so, you must exhibit your awareness of the technical terms and case studies while giving any examples, to present yourself as a scholarly professional. 

All this adds a level up in your selection process by making an image of you as a well-informed individual. 

Proper knowledge of Finance

The main part of the entire interview will be based on your knowledge of finance and investments which includes financial statements (balance sheet, income statement, and cash flow statement), understanding of the financial market, corporate valuation, and several other parts. 

Most of the time, the interviewers are looking for practical solutions to their questions instead of theoretical answers. So, it is advised to prepare yourself in a way that portrays you as an asset to the company. 

Show your interesting Personality as well

Apart from your scholarly side, you must exhibit your interesting personality, otherwise, the interview can be a bore. In recent times, no one wants to hire a nerd but looks for a professional with accurate knowledge and a compelling personality that stands out from the rest.  

Small things like smiling throughout the interview, presenting yourself with confidence, and showing humility can sum up your personality as a perfect choice. Adding to that, a strong work ethic and good command over interaction with people can be a thumbs up. 

Do not avoid Logical Questions 

Many people forget to prepare for logical questions like brainteasers and mental math while focusing on technical questions. This eventually results in struggling during the interview which gives a poor impression to the interviewers. 

You can practice these types of questions in your free time and can make the most out of them. It will also help you in strengthening your memory. So, practice beforehand and be prepared for all that can come your way. 

To grasp a thorough understanding of all these, one must look at investment banking interview questions. Besides that, gathering as much information as possible from your peers will be beneficial for you. In the end, preparation is the ultimate key to your dream investment banking job, as it makes all the difference between the final candidates. So, work on these tips to bring out the best result for yourself.