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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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Many Indian MSMEs confuse terms like RFP, RFQ, and EOI with actual tender types—leading to costly bidding mistakes. This blog clears the air by explaining which of the following is not a type of tender, highlights valid tender types like open, limited, and two-stage, and shows how using the right tools (like GeM, CPPP, and PM Gati Shakti) can help businesses bid smarter. A practical read for any MSME navigating public procurement.

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For businesses to ace inventory management, it’s important to place reorders in time. The economic order quantity model, enables businesses to reorder stocks in time to meet customer demand while reducing expenses. Read on to learn more about the concept of economic order quantity in logistics, how it benefits SMEs, its role in inventory management and how to calculate optimal reorders using the EOQ formula.

Last updated on: Jun 29, 2023

If you wish to be in the automobile space, there are various business opportunities in the segment. You can either be a car dealer, auto component manufacturer, exporter of auto parts and much more. Here are various business ides in the auto sector along with a guide to start the business the automobile segment.

Last updated on: May 21, 2024
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