ABC Inventory Management Tools and Techniques ABC Inventory Management technique is also known as Selective Inventory Control. ABC Inventory Management is a categorization method that involve dividing items into three categories namely A, B, and C. A consists the most valuable items and C the least valuable ones. A-items are under accurate records … Read more
Important Financial Metrics for Project Managers The main objective of any organization is to continue to improve profit margin. Continuous improvement process (CIP) also known as continuous improvement (CI) involves the process of product and service improvement. To determine whether there are improvements and tracking these improvements requires standard of measures called metrics. Financial metrics … Read more
Measuring Process Performance: Overall Perspectives for Planning Process Metrics Tracking Process, production, manufacturing, logistics, supply chain and operations managers are focused on their specific process factors like cost, level of quality, versatility as well as speed.While the specifics will drastically vary from process to process and from one company to another, the following process … Read more
How to Set Up Sales Goals for your Sales Pipeline Sales goals for sales funnel: Setting sales goals and objectives is really a crucial step to success. The sales funnel specifies steps in the sales process. Establishing desired goals in the funnel will let you prevent sales ups and downs and enhance your sales results. … Read more
Tools for Root Cause Analysis in Business Root Cause Analysis Tools: In business problems tend to happen on a day to day basis; that’s normal. As business managers you shouldn’t allow those daily problems to hugely impact your overall business operations. Solving problems quickly will reduce the risk of those problems becoming potential disasters. A … Read more
What is Supply Chain Management? Supply Chain Management Definition: When you want to create and bring valuable products to your customers. Supply chain management will be an essential strategy for all those operations. Supply chain management is basically managing the different processes that go into creating a product and bringing it to consumers. So as … Read more
Key Performance Indicators for Account Management KPIs for Account Management: The process of obtaining key performance indicators for an organization can be very challenging. The usual challenge is where to begin. Most companies find the human resource, finance and accounting, and information and technology to be the most difficult to measure performance. These departments are … Read more
Business to business marketing performance metrics and KPIs B2B Marketing Performance Metrics: B2B marketing or business-to-business marketing can also be referred to as e-biz. B2B marketing involves the exchange of information also known as e-commerce, products and services between businesses. B2B marketing is a commercial transaction between businesses. Every business venture aim at having measurable … Read more
Examples of Procurement Metrics Procurement Metrics Examples: Procurement performance metrics helps an organization determine accurately how its procurement sector is performing. These metrics help in measuring and benchmarking the effectiveness and efficiency of supply management. Establishing performance metrics and gathering information is an important step in making improvements. To identify a systems strengths and weaknesses, … Read more