What is Demand Forecasting?
In this video, I have discussed: " what is demand Forecasting?"
Demand forecasting is the systematic process to evaluate future demand for a specific product. It allows you to examine the sales scientifically over upcoming weeks, months and years, so that you know exactly how much stock to order and hold at any given time period.
Topics I have discussed in this video are:
1. Definition of demand forecasting.
2. Steps in demand forecasting.
3. Methods of demand forecasting or techniques - A. Qualitative methods. Examples of qualitative methods are,
The Delphi technique, Salesforce opinion, Market research.
B. Quantitative methods. Examples of quantitative methods are,
Trend projection method, Barometric technique, Econometric forecasting technique.
4. Why is demand forecasting important?
What is forecasting? - https://youtu.be/M8Kiwv9gDJU
Link to demand forecasting PDF -https://educationleaves.com/demand-forecasting/
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What is Forecasting? | Process & Benefits of Forecasting
In this video, I have explained " Forecasting".
Forecasting is a technique for making predictions of the direction of future trends based on analysis of past and present data. Businesses use forecasting to determine how to allocate their budgets or plan for anticipated expenses for an upcoming period.
Topics I have discussed in this video are,
1. What is forecasting?
2. Methods of Forecasting- Qualitative method and Quantitative method.
3. Process of Forecasting.
4. Benefits of forecasting in sales, demand, qualitative.
5. Forecasting definition.
6. examples of forecasting.
Link to the PDF -https://educationleaves.com/what-is-forecasting/
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What is Risk Management? | Risk Management process
In this video, you are going to learn " Risk management ".
In the financial world, risk management is the process of identification, analysis, and acceptance or mitigation of uncertainty in investment decisions. Essentially, risk management occurs when an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment, and then takes the appropriate action given the fund's investment targets and risk tolerance.
Topics I have covered in this video are,
1. What is Risk Management ?, define risk management, risk management framework or enterprise risk management.
2. Risk Management process - It begins with identifying risks, evaluates risks, then the risk is prioritized, a solution is implemented, and finally, the risk is controlled.
3. Risk management approaches- Risk avoidance, Risk reduction, Risk sharing, Risk retention.
4. Types Of Risk Management - Business Risk, Non-Business Risk, and Financial Risk.
5. Importance of Risk Management.
6. Limitations of Risk Management.
Download Risk management Pdf -https://educationleaves.com/what-is-risk-management/
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What is '5-S' Methodology?
In this animated video, I have discussed " What is 5-s methodology?".
We can define it as 5-S is a system for organizing spaces so work can be operated efficiently, effectively, and safely. This system focuses on putting everything where it belongs and keeping the workplace clean, which makes it simpler for people to do their jobs without wasting time or risking injury.
5-s are -
Seiri, Seiton, Seiso, Seiketsu, and Shitsuke. which can be translated as - Sort, Set in Order, Shine, Standardize, and Sustain.
Total productive maintenance - https://youtu.be/WzKV4h2pl0w
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What is Total Productive Maintenance (TPM)?
In this video, you are going to learn " what is Total Productive Maintenance (TPM)? "
Total productive maintenance or TPM is the process of using machines, equipment, employees and supporting processes to maintain and improve the integrity of production and the quality of systems.
Topics I have covered in this video are:
1. What is Total Productive Maintenance (TPM)?
2. total productive maintenance meaning
3. How does Total Productive Maintenance works?
4. 8 Pillars of Total Productive Maintenance
5. 5-S methodology or method
6. 8 pillars are- 1. Autonomous maintenance, 2. Focus improvement, 3. Planned maintenance, 4. Quality maintenance, 5. Early equipment management, 6. Training and education, 7. Safety, health and environment, 8. TPM in administration.
7. The advantages of total productive maintenance.
Link to the Pdf- https://educationleaves.com/what-is-total-productive-maintenance/
5-s Methodology - https://youtu.be/P1ObphNAL3A
Preventive Maintenance -https://youtu.be/TsDsE9fePLk
Predictive Maintenance -https://youtu.be/99_o20JsZpc
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What is inventory? | Types of inventory
In this video, I have discussed " What is inventory? "
Inventory or stock is the term refers to the goods and materials that a business holds for the goal of resale, production or utilisation.
Topics I have discussed in this video are: What is inventory, types of inventory, and what are the Reasons for keeping inventory.
Supply chain management -https://youtu.be/R8rYsCmAEEY
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What is Incremental Budgeting? | Advantages and Disadvantages
This video is about "What is Incremental Budgeting?"
Incremental budgeting is an important part of management accounting. It involves changing an existing budget to have a new budget.
Incremental budgeting is a budgeting process that is based on the idea that a new budget can be developed by making only some marginal changes to the present budget.
Topics I have discussed in this video are- definition of incremental budgeting, the Process of incremental budgeting, incremental budgeting examples, incremental budgeting advantages and disadvantages.
Zero-based Budgeting - https://www.youtube.com/watch?v=VU5MtqCMbVo
Link to Pdf - https://educationleaves.com/what-is-incremental-budgeting/
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Management Process | Functions of Management process
In this animated video, I have discussed "the management process" in an easily understandable way.
The management process means a process of setting goals and leading the execution of any type of activity, such as a project or a process.
Process of management comprises these functions:
Planning, Organizing, Staffing, Directing, Coordinating, and Controlling. These are also steps in a management process.
What is Management - https://youtu.be/GZ2dmbDmB5I
Management skills-https://youtu.be/xHBhFKBLhWs
management style-https://youtu.be/-waR0t5SU2g
Link to the PDF -https://educationleaves.com/management-process/
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How to Measure Productivity in the workplace | Workforce Productivity
In this video "How to Measure Productivity in the workplace" I have discussed 9 effective ways to measure workforce productivity.
We all know, Productivity is a very important factor for any organization. Improve productivity is the key to improve revenue. So there should be some effective system for measuring organizational productivity.
The 9 ways I have discussed are -
1. Management by objectives.
2. Track employee’s attendance to measure productivity.
3. Set a productivity comparison chart.
4. Set Benchmarks and Targets.
5. Consider Industrial factors.
6. Measuring productivity by profit.
7. Measure productivity by the quality of tasks completed.
8. Time management method for measuring the productivity of employees.
9.The 360-degree feedback method.
What is MBO - https://youtu.be/K57rvR2nGu0
What is Productivity -https://youtu.be/yzlW7QPX_bU
Factors affecting productivity -https://youtu.be/YSgaUOfICCo
Link to PDF -https://educationleaves.com/how-to-measure-productivity-in-the-workplace/
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What is Zero-based Budgeting? | Advantages, disadvantages of Zero-based budgeting.
In this video, I have discussed "What is Zero-based Budgeting?"
As the name says- Zero-Based Budgeting is a method of budgeting in which all expenses must be justified for every new period, rather than a traditional budget that is based on previous budgets.
Topics I have covered in this video are-
1. zero-based budgeting definition,
2. What are the steps involve in Zero Based Budgeting?
3. the Advantages of Zero-Based Budgeting, and
4. Disadvantages of Zero-Based Budgeting.
Read in details or download PDF - https://educationleaves.com/what-is-zero-based-budgeting/
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Management styles | What is your Management Style?
In this video, I have discussed "What is Management style?"
Management style is a specific way manager go about executing their goals. Basically, management style regards how a manager plans, handles, make decisions, designates, and manages their staff. What is your management style?
4 basic styles of management are - Visionary Management Style, democratic Management Style, coaching Management Style, and laissez-faire Management style.
Link to pdf- https://educationleaves.com/what-is-management-style/
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Management skills | 10 Management skills every manager should have.
In this video, I have discussed 10 Important Management Skills that every manager should have.
Management skills are the abilities that a manager or leader should have.
We can develop management skills through practical experience as a manager and learning. The skills help the manager link up with their co-workers and know how to deal with their associates.
10 skills that I have discussed in this video are:
1. People Management Skills.
2. Communication Skills.
3. Technical Skills.
4. Conceptual Skills.
5. Leadership Skills.
6. Problem Solving.
7. Time Management Skills.
8. Directing and Oversight.
9. Domain Knowledge and
10. Diagnostic, Analytical and Decision-Making Skills.
Link to pdf - https://educationleaves.com/top-10-management-skills/
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Project Management Organizational Structures
In this video, I have discussed "The Project Management Organizational Structures" in a simple way.
Topics I covered in this video are - Project Management Organizational Structure, three types of organizational structures, and the function of project managers and functional managers.
Types are Functional Organizational Structure, Projectized Organizational Structure and Matrix organization structure.
Matrix organization structure can be further categorized by weak matrix, strong matrix and balanced matrix.
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Types of Organizational Structure in management
In this video, you are going to learn "What are the types of organizational structure in management?"
Business of all categories, shapes and sizes use organizational structures for their growth. There is a specific hierarchy within an organization. An eminent organizational structure defines each employee's job and how it fits within the entire system.
What is organizational structure video -
The different types of organizational structure are- 1. Bureaucratic Structures; its includes- Pre-bureaucratic structures, Bureaucratic Structures, and Post-bureaucratic structures.
2. Hierarchical Organizational Structure.
3. Functional Organizational Structure.
4. Divisional Organizational Structure, this includes: Geographic Divisional Organizational Structure, Market-Based Divisional Organizational Structure, Product-Based Divisional Organizational Structure.
5. Matrix Structure.
6. Flat, or Horizontal Organizational Structure.
7. Circular Organizational Structure.
8. Team-based Organizational Structure.
9. Network-Based Organizational Structure.
Link to the pdf - https://educationleaves.com/organizational-structure-and-its-basic-types/
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Leadership vs Management | Difference between Leadership and Management
In this video, I have discussed Leadership vs Management.
While many of you may think that manager is also a leader so, these two terms mean the same, but actually not.
Both imply a unique set of skills, characteristics and functions that share a few similarities.
They also show some strong differences in some circumstances. For example, some people lead without a managerial role, while some managers do not practice leadership.
What is Management video - https://youtu.be/GZ2dmbDmB5I
Some points in the Difference between leadership and management are-
1. Leaders Set the Goal, Managers Follow it.
2. Leaders Think Ideas, Managers Think of Execution.
3. Leaders Form the Culture, Managers Support It.
4. Leaders Inspire People, Managers Push Them to Their success.
5. Leaders Peek into the future, Managers Take Action in the Present.
6. Skills of leader vs skills of a manager.
7. Role of a leader vs the role of manager.
Read in details or download the PDF- https://educationleaves.com/leadership-vs-management/
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What is Supply chain Management ( SCM )? | What is Supply chain?
This video is about "What is Supply Chain Management (SCM)?"
Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products.
The topics I have discussed in this video are-
1. What is Supply Chain?
2. What is supply chain management (SCM)?
3. How the supply chain management (SCM) works?
4. Typical Supply Chain Management Key Performance indicators.
What is inventory? -https://youtu.be/trreap294A0
Read in details or download Pdf - https://educationleaves.com/what-is-supply-chain-management-scm/
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What is Predictive Maintenance? | Working, Advantages, Disadvantages of Predictive Maintenance
This video is about " What is Predictive Maintenance? "
Predictive Maintenance (PdM) is one of the types of maintenance, that monitor the condition and performance of equipment during normal operation.
By doing so, maintenance managers and technicians are able to identify possible defects and fix them before they result in failure.
Preventive Maintenance video - https://www.youtube.com/watch?v=TsDsE9fePLk
Topics I have discussed in this video are,
1. Explanation and definition of predictive maintenance.
2. How does predictive maintenance works? / Predictive maintenance techniques.
3. Working of sensor like- oil analyser, vibration sensor, infrared imagery, acoustic analysis, etc.
4. What Are the Advantages of Predictive Maintenance?
5. What Are the Disadvantages of Predictive Maintenance?
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What is Preventive Maintenance?
This video is about "What is preventive maintenance?".
Preventive maintenance is one of the four types of maintenance.
Preventive maintenance prevents the breakdown by timely inspection, lubrication, adjustment and repair.
In simply we can say, Preventive maintenance is maintenance carried out before the breakdown occurs.
Breakdown maintenance -https://www.youtube.com/watch?v=S3rf9aa6Ca0
Topics I have covered in this video are -
1. What is preventive maintenance?
2. The Objective of preventive maintenance
3. Which Equipment to inspect in preventive maintenance?
4. Frequency of inspection
5. Advantages of Preventive maintenance
6. Disadvantages of Preventive maintenance
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#preventivemaintenance #industrialengineering
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What is Procurement? | Procurement Process
In this video, I have explained: "What is Procurement?", and the Procurement process in a simplified way.
Difference between Procurement and Purchasing- https://youtu.be/Hsq-oqlLP0A
Procurement is usually a part of the input to a company that uses the purchased goods or services in the making of their own final product. This makes it a very vital function of any business.
The procurement process involves activities such as - identification of needs, sourcing, selection, negotiation, ordering, receiving, and payments.
Topics that I covered in this video are-
1. What is Procurement?
2. What is procurement process?
3. Steps involved in a procurement process
Steps are- 1. Identification of Requirement
2. Determination of the Specifics of the Requirement
3. Sourcing
4. Negotiation and Finalization of Price and Terms
5. Purchase Requisition and Order
6. Delivery of the Purchase Order
7. Expediting
8. Receive And Inspection
9. Payment Process
10. Record Keeping And Review
4. What’s the difference between direct procurement, indirect procurement, and services procurement?
5. procurement meaning, definition, types
Read in details or download pdf- https://educationleaves.com/what-is-procurement-definition-process/
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#procurement #procurementprocess #industrialengineering
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Procurement vs Purchasing | Difference between Procurement and purchasing
In this video, I have discussed " The difference between Procurement and purchasing".
Procurement and purchasing are the two terms that are often used interchangeably. But here we are going to discuss the dissimilarities between procurement and purchasing.
Topics I have covered are,
1. Procurement vs Purchasing
2. What is Procurement?
3. What is purchasing?
4. Difference between Procurement and purchasing.
Download PDF - https://educationleaves.com/procurement-vs-purchasing-differences/
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#procurementvspurchasing
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Materials Management | Functions and Objectives of Material Management
This video is about Materials management.
Most manufacturing concerns spend more than 60% of the money they take in, on materials. That means materials soak up a substantial portion of the capital invested in the industry.
Material management involves controlling the type, amount, location, movement, timing of the purchase of various materials, etc.
The topics I have discussed In this video are-
1. What is materials management?
2. Functions of material management, and
3. Objectives of materials management.
Read in details or download Pdf - https://educationleaves.com/what-is-materials-management/
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What is standard costing? What is Variance? Advantages, Disadvantages.
Standard cost accounting can be a highly useful tool for managers, who are attempting to plan a more accurate budget. Accurate budgets could lead to a profitable and efficient business at the end of the day.
In this video, topics I have covered are
1. What is standard costing?
2. What is Variance?
3. Need for Standard Costing or importance of standard costing,
4. Process of Standard Costing,
5. The Advantages of standard costing,
6. The Disadvantages of standard costing, and
7. How to Calculate the standard cost.
Direct and Indirect material, Labour, Overhead - https://youtu.be/UFBaj6AHjHQ
Read in details or Download pdf - https://educationleaves.com/what-is-standard-costing-in-accounting/
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Management vs Administration | Difference between management and administration.
In this video, I have discussed Management vs Administration.
Administration and management both are very significant function of any organization. Without management, there is no organization and also without administration, there is no management. These two are complementary to each other.
The topics I have discussed are-
1. What are the Difference between management and administration?
2. Difference By Definition
3. Extent Difference
4. Working Area of management and administration
5. Authority
6. Changing Factors
7. Difference by Focusing Area
Read the article or download the pdf - https://educationleaves.com/management-vs-administration/
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Product Life cycle, 4 stages of product life Cycle
This Video is about the Product Life Cycle.
If you look at any new or old appliance in your home, you will notice that the product is still in the market or it has discontinued by the manufacturer. That means you are experiencing different phases of the product life cycle.
The topics that I have covered are,
1. What is a Product Life Cycle?
2. 4 stages of a product life cycle, which means introduction, growth, mature, and decline stage.
3. Example of a product life cycle.
Read in details or download Pdf - https://educationleaves.com/what-is-a-product-life-cycle/
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#productlifecycle #industrialengineering
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What is Product planning? Objectives and step by step process of product planning
This video is about the concepts of Product Planning.
Topics I have covered in this video are,
1. What is product planning?
2. I have discussed the objectives of the product planning,
3. Step by step process of the product planning, Steps are- Define the product concept, Market research (qualitative and quantitative), Plan your product testing process, Product life cycle.
Product life cycle video -
4. 6 advantages of product planning.
Read in details or download the pdf -https://educationleaves.com/what-is-product-planning/
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#productplanning #industrialengineering
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