The rainmakers of sales all learn how to handle tough customers – it’s one of the rights of passage. These excellent slides explore strategies and key tactics to manage tough customers successfully. Continue reading
The net present value is a mathematical formula that is being used by businesses for capital budgeting. In fact, it is considered as the most effective method to analyzing the profitability of a project or investment.
The net present value analysis is highly sensitive to future cash inflows that a project or investment will yield. In addition, this formula can be calculated using spreadsheets and tables.
The Net Present Value (NPV) compares the value of your money today to the value of the same amount of money in the future, taking the returns and inflation into account. Continue reading
The art of directing and conducting through the application of techniques and frameworks, all factors and operations of manufacturing, innovating and creating products is also known as product management.
The ultimate goal of production management is the well-organized consumption as well as allotment of resource inputs in order to maximize the quantity and quality of services provided and goods produced.
The responsibility consists of product marketing and product development that are diverse (yet opposite) hard works, with the purpose of making the most of sales revenues, profit margins and market share. Continue reading
Engineering Management is one of the best contributions that can be possessed by a business. This is for the reason that the compositions which are being covered by this management are all beneficial on the systems that are being worked by the business.
As long as the Engineering Management is in the good condition, the production operation will no longer have problem in relations to the maintenance of the working area, including the machineries that are being utilized by the business. Better to properly manage this phase in order to get the best out of every accomplishment that are being done by its personnel. Continue reading
Account receivables (AR) are defined as amounts of money that consumer owe a business or company for products and services obtained through credit.
These are considered as sales of the business or company that is not yet paid in cash. Despite being considered as company’s current asset, it is still hard to consider products or services as completely purchased or sold unless cash payments are made.
In case your business or company makes sales on the basis of credit, it is essential to maintain and implement a sound account receivable management. Failure to do so can pose negative effects on the company’s cash flow. Continue reading
A business that focuses on producing goods or providing services should have a procurement department. A procurement head gives and plans out a procurement strategy that will make the company successful.
The strategies that should be included with the procurement process should be effective enough to make sure that the company will save as much money as they need and make use of money for improving other processes and departments of the company.
With the responsibilities of department heads, their subordinates will be following the strategy that they will make that will lead for the success of the business. Continue reading