What is Enterprise Resource Planning (ERP)?
Introduction When it comes to managing the various departments of the entire organization, then it becomes highly complicated to bring everyone on the same page without a proper system. …
What is Logistic Management? Significance/Process
Introduction The word logistic means that how a company acquire, store, and move supplies and equipment. It plays a significant role in the smooth running of a company’s business …
What is Contract Management? Significance/Stages/Benefits
Introduction Whenever partners exchange money, product, and services in different types of industries; then they develop contact. It’s a skillful art to write and manage an effective contract for …
What is Procurement Management? Significance/Process
Introduction Procurement is one of the main functions of a company’s operations, and proper management of procurement activities make sure the smooth running of the company’s operations. Along with …
What is 360 Degree Feedback? Process/Features/Pros & Cons
Introduction Offering feedback plays a significant role in the growth and development of employees. It helps them to learn about their strengths and weaknesses, and they plan and progress …
What is Decision Making in Management? Steps/Types/Theories
Introduction Decision-making plays a significant role in the management of businesses and companies. In fact, it’s one of the main functions and roles of managers. They have to make …
What is Management by Objectives? Process/ Benefits
Introduction Goals and objectives play a significant role both for the company and its employees. It helps them to keep on track and evaluate their performance over time. Today, …
What is ISO 22301? How it Works/Terms/Framework/Benefits
Introduction ISO regulations and certifications specify that the company is following the standard operating procedures in its workplace. There are different types of ISO certifications to evaluate the performance …
What is Consumerism? Impact/Importance/Pros & Cons
Introduction Love it or loathe it, we live in a world of consumerism and it influences our choices and ultimately decisions. You may think that you’re in control of …
What is Business Continuity Management? How it Works/Benefits
Introduction When we talk about daily business operations and routine functions, then sometimes things go as planned. The other time, unexpected disruptions, incidents, and workplace issues come up, and …