CAT

Operations and Supply Chain Management NITIE

NITIE is situated in Mumbai, Powai. It is a beautiful campus with lush greenery. The students call it the God’s own campus while the world calls it NITIE. It has been producing the best managers for the country every year from the past 50 years. It is amongst the top 20 B-Schools in the country.

About Operations & Supply Chain Management:

Supply Chain Management (SCM) is the management of all the processes involved in the flow of raw materials into the industry, conversion of raw materials to finished and complete goods and then the flow of the finished goods out of the industry to the ultimate consumers through the distribution channels. Basically it involves the flow of goods and services from the point of start to its point of consumption.

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Is IIM RANCHI PGDHRM a good option?

 The Indian Institute of Management, Ranchi is an autonomous business school based in Ranchi, Jharkhand, India. It is the 9th IIM inaugurated on 6th July, 2010. It offers two-year Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Human Resource Management (PGDHRM), five-year Fellowship Program and Executive Programs. It is one of the most respected and prestigious B-Schools in India.

THE IMPORTANCE OF PGDHRM IN A BUSINESS FIRM

The business environment in which various companies and firms operate and compete with each other keeps changing. Some changes occur suddenly while some take time building up and hence have a greater impact. Changes in the business environment take many forms and create new challenges.

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Donald Trump- Bright Future Of America

Donald Trump the 45th President of the United States of America was born on June 14, 1946 in Queens New York. He was a successful billionaire and a huge television personality before entering the politics. He is the supporter of the Republican Party. He was standing against Hillary Clinton for the final round of elections.

He has brought many new rules and regulations which have created a massive impact all over the world. He won the elections on November 8, 2016. Donald Trump is the first who has won without any military or government service. He is the oldest and wealthiest President.

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Scheme

Gold Monetisation Scheme- to help receive better returns

What is Gold Monetisation?

Gold Monetisation Scheme is the scheme where a citizen can deposit their gold in return for interest or dividend.

Why is this scheme brought into action?

Normally, people keep their gold in the bank locker which turns out to be beneficial when they sell that gold to the present higher prices but along with that they also incur bank locker charges i.e. carrying cost, it is charged for the time the gold is kept in the banks locker. This scheme helps citizens to avoid such charges and earn interest on the gold deposited.

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demonetization

Demonetization- For Dark Indian Future

Demonetization is a process where the current currency loses its status. The recent demonetization that took place India on 8th November 2016 was a change that brought drastic changes in all the sectors on a global level.

The launch of new 2000 and 500 rupee notes caused a real chaos in the minds of the public and in the business market. The idea behind this step was to remove black money once and for all, and to expose whoever had this black money hidden with them.

The situation that occurred in the company were extreme. Daily there would be a long queue of public depositing their old 1000 and 500 rupee notes in exchange of the new ones. There were problems when money was not available in the bank and people who have been standing in line for the whole have been disappointed.

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mission

Mission To Make India Clean-(Swachh Bharat Abhiyan)

SWACHH BHARAT ABHIYAN.

The Swachh Bharat Abhiyan is a mission launched by the Government of India under the guidance of Prime Minister Narendra Modi. The objective of the mission is to have clean roads, cities and villages. In turn having a clean and hygienic India. Swachh Bharat Abhiyan was launched on 2nd October 2014 by the Prime Minister.

Another objective is to build community toilets to eliminate the problem of open defecation. They have also taken the initiative of monitoring the latrine use.

THE ONE FROM WHERE IT ALL BEGAN:

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Skill

SKILL INDIA- Campaign To Train The Unskilled

Skill India was established for the reason of training the unskilled workers and giving them a secured employment. It was also launched with the objective of improving the potential of Indian workers . This has been helpful to the poor and underprivileged because they get the benefit of employment.

Approved for another four years (2016-2020) to benefit 10 million youth.

Individuals with prior learning experience or skills will also be assessed and certified under Recognition of Prior Learning (RPL). Under this Scheme, Training and Assessment fees are completely paid by the Government.

Key Components of the Scheme:

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Enterprise Resource Planning

Master of Enterprise Resource Planning (ERP) Management

Enterprise Resource Planning (ERP) management  is a course that helps student learn about SAP ERP business processes across Financial Accounting, Human Resources, Materials Management, Sales & Distribution and helps to learn how to design, configure and perform business transactions related to these modules on SAP ERP system.

ERP uses integrated applications to manage important operations, to support all functions conducted in the organization such as Sales & Marketing, Finance & Accounting, Production, Procurement & Supply Chain.

Learn more about Enterprise Resource Planning: ERP-What is enterprise resource planning?

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ERP

ERP-What Is Enterprise Resource Planning?

ERP is the IT backbone of any company and keeps the organisation running efficiently. Enterprise resource planning supports and integrates all functions conducted in an organization such as Sales & Marketing, Finance & Accounting, Production, Procurement & Supply Chain. This enables the departments of the organization to be connected. ERP application is used by both large businesses and small businesses.

ERP implementations are typically complex because they have to ensure that all the business processes are in harmony and that all the people interacting with the software are properly trained to handle the software. When successfully implemented the ERP system provides valuable data to senior management for better decision making in addition to making book keeping and tracking more efficient.

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Careers After MBA in I.T

This article throws light into the scope of MBA in IT and MBA IT career options that are or prime demand and importance in current industry scenario. The marketplace for professionals with advanced, specialized IT management skills will remain strong for years to come. The Bureau of Labor Statistics’ long-term outlook is that by 2018, careers in information technology will expand to more than two million new jobs.

Following are some of the major and rewarding career opportunities for people who are aiming at enhancing their IT management skills through MBA in IT:

1. IT Consulting

         a. ERP Consulting (SAP Functional Consultant/Oracle Consultant)

 An ERP consultant deals with helping people out with the full implementation of an ERP project, from matching business requirements with the right software to managing change within the organization as a result of the software implementation.

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