What is the Difference Between Business plan and Strategic Plan Business Plan vs Strategic Plan: At times inexperienced business managers and executives tend to get a bit confused between how to effectively use a business and strategic plan. They also don’t know which is more useful to use in a particular situation at an organization. … Read more
Balanced Scorecard KPIs Examples Reports Balanced Scorecard Key Performance Indicators Examples: The balanced scorecard is a tool you can use in your organization to monitor performance against your company’s strategic goals. Furthermore they can help you to improve your organization’s performance by looking at performances that matters and analyze the ones that are currently having … Read more
When managing a project things can get pretty chaotic at times. Simply because of the fact that so many things can happen before, during or after a project is finished. Business managers over the years have developed different types of analytical techniques to tackle this issue. These techniques have helped them to analyze the different … Read more
Inventory Shrinkage And Manufacturing Inventory Systems Inventory Shrinkage: Companies that generate revenue through products selling to their customers get the products by buying them from manufacturers, distributors or by developing them from scratch – from their raw materials. In each case, these companies report products sold along with the related inventories in order to track … Read more
Setting Effective HR Goals and Objectives: A Key to Success The human resource department plays a vital role in any organization, responsible for managing the most valuable asset: employees. As a Human Resource manager, setting clear goals and objectives is crucial to developing strategies that impact daily HR activities and ultimately contribute to the company’s … Read more
Tips on Production Planning and Inventory Control Production Planning and Inventory Control: When you’re manufacturing products, performing inventory control and production planning should be a huge part of your business strategy. Production planning is when you plan out the different processes in your production system for the future. This will help you in planning whether … Read more
Business Process Analysis in Operations Management One of the main roles of an operations manager is to track the different operation processes. This will ensure that they are working in harmony to properly produce the product. Process analysis in operations management is when you track all the aspects that made up a process in order … Read more