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If one wants to be successfull in the business front which is requires supplying like retail and others, one should be aware of the demands for the future and the trends of the market behaviour, so effective forecasting techniques is what one requires, where one forecasts before the demand is put forward, with this one is ready to tackle the demand and be in a position where one knows how the market is at the moment and how it will behave in the future. So let us discuss what are the effective forecasting techniques in the supply chain, let us have a discussion on this topic which is very important and which needs to be addressed.
Posted by: Shailena Varma
Activity: 50 referals , 10 comments, 1664 views
After ITeS, the retail sector is touted to be the next biggest job spinner in the country. Till now, retail jobs in India have been looked at as low-paying and meant for plain graduates. But with organised retailing in the country poised to assume gigantic proportions, the sector will spawn a vast number of jobs across the spectrum, according to a recent study by Pricewaterhouse Coopers. The study said retail sales accounted for 10% of the GDP in '04, with a market size of $207bn, and the sector is expected to grow at 15.6% with the potential of creating over 2m new (direct) jobs within the next five years. Currently, the share of the organised sector is $6bn, constituting 3% of the total market size. "With the boom in the retailing sector, the HR scenario is also slowly evolving. There is now a desire in freshers as well as experienced professionals in affiliated industries (FMCG, hospitality and other service sectors) to look at retail industry with potential of offering...
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