(A) Before the examination - (a) Understand the subject thoroughly. (b) Do not memorise answers without understanding. (c) After getting general idea of a subject, select at least 80 important questions and prepare them thoroughly.
When Good Deals Go BadHow to renegotiate a contract. ....................Every company gets stuck in contracts that aren't good for business--the long-term purchasing agreement made before market prices dropped, the lease for too much office space, the sale w
Six Steps To A Better Business Budget You've just purchased or opened a small business and you know your trade, but when it comes to bookkeeping and, more specifically, budgeting, your skill set is lacking. It's OK - the good news is that it is possi
PETTY CASH Petty cash allows you to make small purchases or reimbursements, in cash, for items such as stamps, office supplies, parking, etc. The fund should be enough to cover petty cash expenditures for about a month. If it is too small you will h
KNOWLEDGE BANK - BenchmarkingWisdom that has time travelled over centuries is the CEO's most potent tool for leaping to world-class standards today. It is, on the surface, a disarmingly uncomplicated concept. To improve, set your sights on a standard
OUTSOURCING LOGISTICS"You can resist an invading enemy; you cannot resist an idea whose time has come" Victor Hugo Yes, "Logistics" is an idea whose time has come and ironically "Time" forms the essence of Logistics. The important point to be grasped
Nine truths for building a global supply chain AMR Research gathered supply chain executives together for the Supply Chain Executive Conference and Supply Chain Peer Forum. The group discussed technology and structures for global supply chain organi
Protecting Company Secrets More business owners are forcing their new hires to sign noncompetes. Should you? Once reserved for job-hopping executives and high-tech gurus, noncompete agreements are becoming standard in an unexpected range of businesse
The Bullwhip Effect (or Whiplash Effect) is an observed phenomenon in forecast-driven distribution channels. The concept has its roots in J Forrester's Industrial Dynamics (1961). Because customer demand is rarely perfectly stable, businesses must fo