Business management must begin with accurate demand forecasting.
Without the use of mathematical methods of accurate and high-precision demand forecasting, it is impossible…

Continue reading →

Business and Law. Features of the national market for consulting services
Today, in the face of fierce competition and a decrease in consumer demand, the market…

Continue reading →

Effective credit policy of the enterprise
Why is there a need for an effective credit policy? Due to the high level…

...

What does “effective inventory management” mean?
Let us analyze this phrase in parts: stocks, management, efficiency. Inventories (stocks - eng.) -…

Continue reading →

performing time-consuming

Improving the company’s business processes

What is a company (enterprise, organization, institution): a set of structural units (departments, divisions, bureaus, workshops, sites, services) or a set of business processes? Of course, both. However, looking at a company as an aggregate of business processes and managing them has significant advantages in a competitive environment for better and faster customer satisfaction, which are not only consumers of products (finished products, goods, works, services), but also company owners, suppliers, staff. Thus, those interested in improving the organization’s business processes are its owners, personnel, consumers, suppliers and the state, who are the “joint-stock” groups of the organization, and the company’s ability to survive in a complex, demanding and changeable environment and to achieve the goals for which it was created. Continue reading

The economic basis of effective management
Effective management of the sales department of products - the center of marginal profit is…

...

Who needs efficient stock management and why?
Effective inventory management is a significant tool for increasing net profit, positive net cash flow…

...