Do you think Business Management as a Science?
Management as a Science! Science is a systematized body of knowledge, having logically observed principles and findings. It establishes cause and effect relationship between two or more events. […]
Tag Archives | Business Management
Methods and Techniques of Inventory Control | Business Management
Read this article to learn about the advance method and techniques of inventory control: ABC analysis, EOQ model, safety stocks and the reorder point! Inventories occupy the most prominent position in the working capital structure of manufacturing and distributive business enterprises. Image Courtesy : https://img.docstoccdn.com/thumb For example, on an average inventories are approximately 60 per cent of the [...]
10 Basic Managerial Applications of Network Analysis, Techniques and Concepts
Some of the basic managerial applications of network analysis are as follows: Network analysis: Network analysis is a system which plans the projects by analyzing the project activities. Image Courtesy: automation.siemens.com/mcms/industrial-communication/PublishingImages/banner_software_neue_box.jpg Projects are broken down to individual tasks or activities, which are arranged in logical sequence. It is also decided that which tasks will be performed simultaneously and [...]