Potential Areas for Benchmarking Benchmarking exercise should be objective-specific, with measurable outputs e.g. manpower productivity, capital productivity, timeliness of service, cycle time for supply-chain management, cost of poor
Methods of Planning and Calculating Inventory Levels Inventory levels are planned by employing certain methods such as Basic stock method; Percentage variation method; Week’s supply method; and Stock
Role and functions of Total Productivity Maintenance (TPM) Role and functions of TPM are described as follows. 1. Total productivity maintenance introduces capable processes, helps to maintain their
Functional Responsibilities and Priorities of Senior Management The following are some of the functional responsibilities and priorities of senior management. 1. Management By Wandering Around (MBWA) Management should
Characteristics of an Excellent Leader The following are important characteristics features of a good leader. Or, in order to become an excellent leader you should posses the follow
Important factors to be considered in design of export packaging There are certain special factors to be considered in export packaging design. These factors relate to Language Regulations
Disadvantages of Continuous Audit In spite of many advantages of continuous audit, it has certain drawbacks, which are discussed as under. 1. Alteration of Figures In case of
Advantages of Continuous Audit Continuous audit enjoys many benefits. Of them, the top 10 most important advantages are detailed below: 1. Immediate Detection of Errors and Frauds Errors
What are unfair practices? Section 36A of MRTP Act, 1984 defines unfair practices to mean any trade practice which, for the purpose of promoting the sale, use or