Inventory management is one of the crucial aspects that contribute towards business success. Inventory management ensures smooth flow of business activity. In order to carry…
Four types of production
There are 4 different types of productions which are most commonly used. Which type of production should be used by the company depends on the…
7 Steps to Implement Kaizen in your Organization
Kaizen is the process of Continuous improvement wherein changes are made to the organization’s process either in one go or Step by step. One of…
Four Factors Of Production And Their Role In Economy
Production by definition is the utilization of available economic resources to create things that satisfy human wants e.g. wheat and maize. It, however, is not…
What are operational decisions and their role in business?
Operational decisions or Operating decisions are decisions made to manage day to day business. Any firm which is into any kind of business is faced…
Absorptive Capacity
The words absorptive capacity is well known to marketing individuals charged with the responsibility of a firm’s innovation process. This concept works in helping firms…
