Category: Articles – Management

Smart Ways to Devise a Good Procurement Strategy

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 →

Key Strategies to Enhance ITO – Inventory Turn Over

Clearance Sales, Mid-Night Sales and all other discounted sales at the malls and stores are always been the much awaited event of shoppers.

It could be for the reason that shoppers will be able to get commodities in a reasonable price or discounted prices. The rush to go to the malls is there, and even the air at the malls will seem festive every time there are sales being made.

Buying public are always being attractive to mall’s sales for Clearance Sales means that you can get signature clothing and bags on discounted prices. Continue reading →

What is LBO – Leverage Buy Out ?

Business always have its twists and turns and in every miscalculated decision of the company can result to financial losses and obtaining debts are oftentimes being resorted to in order to improve the financial status of the company with the hopes that it will be able to get back to the business world.

If a company will not resort to debt incurring activity, it will resort to merger and acquisition.

Usually, in merger and acquisition, a company can have a Leverage Buy Out a process of acquisition of a company of certain asset of which the purchase price is a combination of debt and equity. The cash flow of the target is being used to secure for the repayment. Continue reading →

Job Description of Operations Manager

One of the most important personnel in any company, organization or institution is the operations manager. This person plays a very important role so before hiring him, it is important to check his background, credentials and qualifications.

Hiring the wrong person will have a great impact in the operation and profitability of the business.

The operations manager is mostly needed in many industries typically as a storefront or in operation for retail business. His main role is to minimize or eliminate the day-to-day problems in the business operations and to ensure that the highest level of customer service will be achieved. Continue reading →

Job Description of Supply Chain Manager

Supply chain administration consists of supervising the whole process to deliver the product to consumers. This takes account of processing raw materials, storing items in a stockroom or warehouse, providing customer service and moving from delivery centers to different stores.

The job description of supply chain manager is to ensure that every step occurs perfectly so that the business maximizes the income from their item.

Being a supply chain manager, you will be called over to buy materials in order to sustain production. The supply chain manager also analyzes and manages the use, storage and delivery of materials as well as inventory.

He or she will be the one who negotiates costs and the delivery of the resources to generate cost saving and minimize lead times. Continue reading →

Predictive Maintenance – Key Strategy to Drive Factory Performamance

Maintenance cost is an important thing to reduce in large companies especially when the company owns a factory.

A company that wants to lessen its expenses with such maintenance is using the predictive strategy to make sure that it will not end up in major expenses due to replacements for the production equipment that it is using.

A person who is in charge in making strategies for predictive maintenance should have a good observation senses.

This is to ensure that the person is able to tell when should the maintenance be done and when it is needed by particular equipment. Continue reading →