Enterprise Resource Planning (ERP) is the lifeblood of any business today. Any business, be it a medium scale enterprise or...
How Climate Change and Ecological Damage is Hurting Our Planet Everywhere we look around us, we see the impacts of...
The Case for Patents The Pharma sector is often caught in the fight over whether the enforcement of IPR or...
What is the PDSA Technique ? The PDSA or the Plan-Do-Study-Act technique is a famous QI or Quality Improvement Tool...
Introduction: The Problem of Piracy No discussion on intellectual property rights (IPR) is complete without mentioning the problem of piracy...
Multinational companies are facing the problem of knowledge management. Industries like software and ITES hire extremely skilled employees to work...
What is a Project Schedule ? A Project schedule is a document that contains vital information about the beginning and...
The 5 why method or the Root Cause analysis method that has been described in the Tools section plays an...
Machine learning seems like an “IT” buzzword. It seems to be the sort of thing that would make a difference...
The actual work done in a Six Sigma project is done by the members involved. The Project Lead, Finance Certifier,...
One of the greatest criticisms that have been mounted against the six sigma methodology is the fact that there is...
Measurement Systems Analysis is a complicated exercise. However, Six Sigma provides a step by step procedure to conduct it. Also,...
Production Order Subcontracting – In the age of production outsourcing and the organizational focus on their core competency, subcontracting of...
HRIS is a systematic process of compiling different information for easily accessing them further. HRIS helps in training and development...
Technology and the Urge to Solve All Problems The urge to create a perfect world has been there throughout the...
Why do we determine whether a computerized decision support system application is worth considering or not? Why is there a...
There has been considerable debate in the industry in the past as to whether Six Sigma projects are worth all...
The Paradigm Shift Needed as the World Transitions from Analogue to Digital Information Security and Data Protection are central to...
Natural disasters are a difficult reality. Regardless of our beliefs, these disasters such as earthquakes and floods have a huge...
How Automation Benefits the Logistics Sector through Efficiencies and Synergies Automation benefits the logistics sector in many ways. Right from...
Modern day inventory is managed by sophisticated system applications that are designed to manage complex inventory plans and to a...
We All Know What Offshoring Is! But, Do We Know What Near Shoring and Friend Shoring Mean? The term Offshoring...
As children, we have always had to prove to our teachers or our parents that we have been working. The...
Why Project Managers Might Find Managing Remote Teams Challenging As workplaces became virtual and employees started working from home due...
Bank of America has issued a warning. The world’s second-largest bank by assets believes that the United States economy is...
Trade Wars and Zero Sum Thinking The ongoing trade wars between the United States, on one hand, and the rest...
Never Let a Serious Crisis Go Waste The Chinese term for crisis is a combination of danger and opportunity, which...
Taxation is a hotly debated subject all over the world. There are supporters of capitalism who already believe that the...
Automation is the next big thing! Right from the time of the printing press, automation has always been making headlines....
Experts believe that the effects of Brexit will be varied in nature. What has happened now is a mere announcement...
In the last couple of years, with the advent of the ongoing global economic crisis, many investors have been looking...
Introduction To survive in the current competitive and global environment, it is important for the organization to continuously look at...
Introduction Businesses require adequate capital to succeed in business environment. There are two types of capital required by business; fixed...
Introduction Manufacturing has evolved considerably since the advent of industrial revolution. In current global and competitive age, it is very...
America is undoubtedly the largest economy in the world as of now. However, countries like China are quickly bridging the...
The term “private equity” evokes many emotional reactions. Many investors have made a lot of money thanks to the strategies...
It has been more than 20 years since the World Trade Organization (WTO) came into existence. However, there is still...
Once the Scatter plot has been used to find out the correlation between the inputs being measured as well as...
The mainstream media believes that capitalism is the dominant economic system prevalent in the world today. This is why any...
Donald Trump has positioned himself to be a populist leader. Although in reality, he is an opportunist leader. He has...
How the Eurozone Misread the Signals from the Global Economic Crisis When the global economic crisis broke out in the...
How Facebook can be used to Influence and Interfere in Elections Worldwide It is a known fact that social media,...
Why are we being blindsided by Black Swans ? Whether you are an individual or a decision maker in a...
The Shock of Gray: The Retiring Baby Boomers and the Challenges of Aging It is indeed a fact that we...
Why is Growth Stagnant? We read in the print and online media about why governments worldwide are unable to revive...
Income taxes are a subject of great debate all across the world. There are many who believe that the rich...
The Perfect Storm of Converging Crises: Covid 19, Depressed Economy, and Social Unrest India is staring at a Perfect Storm...
The American healthcare system has become so expensive that it is now a make or break issue in national politics....
Ever since the great recession ended in 2009, the entire world has been following loose expansionist monetary policies. However, after...
Sweden is not really a country that comes to find when one talks about finance or currency trading. The Swedish...
The Never Ending Problems of Jet Airways Not a day goes by without some news or the other about the...
Some Problems that Projects Face Research has shown that nearly 80 percent of all projects run into problems related to...
How the Growth at all Costs Mantra is Harming Us Ever since the time of the Enlightenment in the Nineteenth...
Why India is in The Eye of Perfect Storm With Regards to the Jobs Crises By now, there is a...
The Perils of Overpromising It is often said that project management is both an art and a science. It is...
The price of drugs is going through the roof in America. This is also the case in many developing nations....
The Benefits of Having More Women in the Workforce As most organisational and business experts agree, there is a business...
Why Do Silicon Valley and Bangalore Score over Regions and Cities? Silicon Valley in California State in the United States...
Six Sigma has really become a management buzzword. A lot of people use it in very different contexts. As a...
The Emergence of Cloud Computing While much has been written and said about the emergence of Artificial Intelligence and how...
Every business organization that is engaged in manufacturing, trading or dealing with salable products holds inventories in one form another....
How the Events of Mayhem on Capitol Hill Shocked Americans and the World as Well As the world watched in...
Who are HNIs and Why They are Valuable to Businesses We often hear the term HNIs or High Net-worth Individuals...
American car companies are pursuing a very unique strategy to increase growth and profitability. Generally, when companies talk about increasing...
The international oil market is known to be volatile. Ever since oil was first found, the market is known to...
Most Americans earn their income in the form of wages rather than in the form of investment income from shares,...
What Will the New Normal look Like for Businesses and is it All Chaos and Confusion? As the shuttered economies...
The Transformation of the Role of the CTOs since the 1990s and to the Present Digital Age Until a decade...
Cities are the Future of the World The future of the world would be in cities and urban and semi-urban...
Living for the Next Quarter Of late, many publicly listed companies have been living “quarter to quarter” or the practice...
Why Social Media is Here to Stay and is the Future for Firms of All Sizes and Scale We live...
Countries all over the world try to promote exports. Almost every country offers financial incentives to exporters. Countries like China...
If you speak to a small business owner about their capability to manage a grocery store, you will constantly find...
What is Arbitration and why it is so important and how does It Take Place? We often hear the term,...
Brazil is the most expensive country to live in Latin America. The real problem is that Brazil has become more...
A hot topic among investors, economists, and stock market experts these days is the looming fight over the debt ceiling...
Imagine that you are running a small scale organization and have been in business for over five years. You have...
What is FOMO or the Fear of Missing out and how does it Impact us all The acronym FOMO or...
The fishbone diagram, which also goes by a couple of other names like the Cause and effect diagram and the...
Health Insurance around the World All of us would have heard the term Health Insurance in some form or the...
What is Hypothesis Testing ? Hypothesis testing is one of the statistical method used to confirm the effect that critical...
“Kaizen” refers to a Japanese word which means “improvement” or “change for the better”. Kaizen is defined as a continuous...
Introduction In any environment if a person is assigned to do the same task, then after a period of time,...
A project in any organization is collaboration across departments to achieve a single well defined objective. The process of planning,...
What is Risk ? Having the best people execute the plan does not guarantee success. There are a host of...
According to the PMBOK (Project Management Body of Knowledge) 3rd edition, A project is defined as a “temporary endeavor with...
Definition of Six Sigma Six Sigma is not a mere methodology or a quality tool. It is a philosophy i.e....
Stratification is used mostly in the define stage of a six sigma project. When to use the stratification technique is...
Introduction: What is Systemic Risk and How Does it Affect Business Globalization has brought the world together and the rapid...
The Vikings were some of the most brutal people that the world has ever seen. The nations that they built...
The Voice of Customer is not a tool that is used in Six Sigma process. It is the underlying philosophy...
Recently the Dow Jones index faced a drastic fall. This fall was partly because of the fears of inflation that...
Introduction The waiting line or queue management is a critical part of service industry. It deals with issue of treatment...
Introduction Purchase of raw materials is an integral part of any business, i.e. manufacturing organization or service organization. Purpose of...
Supply chain efficiencies depend upon the efficiency of logistics including transportation and warehousing operations. Warehouse efficiencies depend upon a combination...
In any Supply Chain, Inventory Management and Warehousing form a part of operations intensive function and is one of the...
Any warehouse operations are measured by service levels, volume of transactions handled quality of transactions and most importantly inventory health...
Managing Warehouse Operations is akin to playing a symphony with people, systems, and processes. As long as these elements are...
Warranty Management had been traditionally viewed by companies as a cost of doing business. The costs of warranty management were...
The Consequences arising from the Shock of Grey The world is ageing before our eyes, and the moot question to...
What are Metrics? Metrics are numbers that tell you important information about a process under question. They tell you accurate...
Mobile wallets have become the latest startup sensation. Companies like PayTm have the first mover advantage in this space. However,...
In recent months, there has been much coverage in the business press as well as the general press about Trade...
What to do when Businesses and Professionals Stagnate Stagnation can happen to anyone. Whether they are businesses, nations, societies, groups,...
What is Davos and why it is so important for the Global Movers and Shakers? Davos, a small town in...
How the Ubiquitous Smartphone has Revolutionized B2B and B2C Commerce Who doesn’t own a Smartphone? Right from teenagers to senior...
Contract farming has been hailed by many experts as the perfect economic arrangement between farmers and companies. Corporations like Monsanto,...
The confidence interval is a central concept of hypothesis testing. Although understanding its mathematical and statistical meaning is beyond the...
Business Process Improvement projects are ideally suited for every business operation, especially to augment the process efficiency, to implement process...
What Is Sigma ? Sigma or standard deviation is a statistical measure of dispersion in data. It is a measure...
Can a Universal Basic Income Scheme be the Game Changer for the Indian Poor? Recently, there were reports in the...
Electricity was the big invention during the 20th century. The governments at that time took the measures that were necessary...
Urbanization and its Problems for Corporates The world is increasingly being urbanized and this has implications for the corporate sector...
Users interface directly impact usability of an ERP system. A properly designed user interface provides proper accessibility to the intended...
Introduction All organizations strive to create value for their customers. This value creates mind space for product and services. Value...
Introduction All companies undertake series of activities in order to deliver a product to the customers. These series of activities...
As the name suggests, VMI stands for Vendor Managed Inventory. VMI involves a collaborative and continuous inventory supply owned, managed...
Business Intelligence (BI) – An ERP product provides hundreds of standard reports, generated weekly or monthly or year end basis...
The crash in the value of the Turkish lira is not really a surprise. President Erdogan has been following loose...
The “R” word is back in town. Economists and analysts all over the world are now wary about the fact...
The analyze phase is one of the most dreaded phases in the Six Sigma methodology. There are common assumptions made...
The International Trade is rapidly changing and evolving as a result of Globalization and advancement of electronic and communication science....
Business Process Improvement programs are an effective way of overhauling the business operations, of improving the efficiency, of bringing in...
Introduction An information system is integrated and co-ordinate network of components, which combine together to convert data into information. Components...
Inventory Management deals essentially with balancing the inventory levels. Inventory is categorized into two types based on the demand pattern,...
International Trade has become the order of the day in the current environment of Globalization. The nature of economies namely...
Setting up International Trade Mechanisms involves inter disciplinary processes including Finance, Logistics, Taxation and Supply Chain disciplines. Every Business Manager...
The scatter plot can be a useful tool in understanding the type of relationship that exist between the inputs (X’s)...
Although the Six Sigma process has tried to make the process of developing problem and goal statements into a science,...
When analyzed in financial terms, it turns out that the world is in a precarious position. However, there seems to...
The Chinese economic prowess is second to none. They have certainly pulled off an economic miracle since Mao Zedong began...
Total Quality Management is a combined effort of both top level management as well as employees of an organization to...
American President Donald Trump had been holding his guns against the Mexican government for a very long time. In fact...
The Transformation of Business Intelligence from Analysis to Prediction Business Intelligence which refers to the slicing and dicing of data...
How Agile Has Become the Talk of the Town and What it Means to Be Left Behind Walk into any...
Transnational corporations or Multinational Companies as they are also called need to have robust and well thought out business continuity...
With the explosive growth in the personal computing market, there has been a marked increase in the number of new...
TRIZ Matrix is a technique developed by Russian scientists to formalise the process of innovations. TRIZ is a Russian Acronym...
The Importance of Trust in Building Successful Companies and Great Nations Recently the former Prime Minister of India, Dr. Manmohan...
The Perils of 24/7 Interconnectedness We live in a world that is not only integrated and interconnected largely but which...
Air India is a government-owned airline. Since airlines are a very competitive business, any airline which is even slightly mismanaged...
AT&T is one of the biggest phone companies in the world. In fact, this was the company that first started...
Facebook is one of the most important firms in the American economy. The tech giant is a major employer in...
The Indian IT sector has been facing a lot of flak. The industry is undergoing a transformation. Issues like the...
The Game Changing and Disruptive Entry of Reliance Jio The entry of Reliance Jio into the Indian Telecom sector has...
April 10th is considered to be “Equal Pay” day all over the world. This day has been commemorated since the...
Many governments all over the world have made attempts to abolish poverty. However, most of them have not succeeded. The...
The Persistence of the Digital Divide The advent of the internet revolution raised hopes that there would be an egalitarian...
Competitions such as the FIFA World Cup and Olympics are some of the biggest sporting events in terms of revenue....
It is not only about Profits Of the many criticisms of globalization, the prominent critique relates to the fact that...
Time and Material Billing Time and material billing refers to the billing process wherein actual number of hours worked and...
Companies increasingly are becoming aware that their opportunity to having a competitive edge in business can come through supply chain....
Designing Supply Chain Network for each industry or business involves arriving at a satisfactory design framework taking into all elements...
The entire concept of business philosophy has moved away from traditional model to being more customer oriented, driven by demand...
Optimizing the Supply Chains A supply chain is the network of relationships between the upstream and downstream activities with all...
Socialism is a failed idea. Many nations in the world have now tried socialism. It is no surprise that all...
The IMF recently asked the Philippines to take measures to rein in its overheating economy. This is not the first...
For implementing any Human Resource Information System (HRIS) project successfully, the system design requirements should be given utmost importance and...
Talent Management in the contemporary scenario has received increasing importance from the corporate world and have been acknowledged as the...
Team Member Selection Team member selection is a process that involves mapping of skills and strengths of each individual member...
The 1970’s The story of China’s growth began in the 1970’s. Back then China was an extremely poor country with...
Introduction For an organization to succeed in the global and competitive world, it needs to have a robust strategic plan...
These are the top level processes that an organization is exposed to. These include tasks that need a high level...
Large IT Projects and Delays and Cost Overruns It is estimated that more than 80% of IT (Information Technology) projects...
Enter Low and Middle End Segments of the Market It has been found that many multinationals find their sweet spot...
The United States Democratic Party has been praising the economic arrangement in Nordic nations for a very long time. Right...
Introduction This article deals with the Automation project for a maintenance project in a software company. The project involves automating...
Not long ago, purchase function was seen to be a desk job, monotonous paper work, dull and passive and more...
Today, South Korea is one of the largest economies in the world. It is the 12th largest to be precise....
In a computer spare parts supply chain, usually the network consists of the country depot that stocks all the parts...
When you buy any Computer or Electronics Hardware or equipment, normally one of the questions asked to the sales person...
Spotify, a music streaming application, with most of its business in the United States has achieved over a $30 billion...
Some Real World Examples of Person Dependence and its Perils A common problem across organizations in the contemporary corporate world...
Introduction In the modern age of cutting-edge technology and continuous innovation, product life cycle is ever shortening. There is constant...
Companies like Uber and Airbnb have a lot in common. They are both startups that were started with relatively fewer...
What is meant by the Shock of Gray and its Implications? The Shock of Gray is a term used to...
What is Affirmative Action and does it Help or Hinder the Goals of Social Justice? The United States has a...
The modern economy is obsessed with rising prices. An era of falling prices is called deflation. It is almost always...
The Increasing Threat Posed By Automation Automation is changing the world that we live in at an increasing pace. With...
Singapore has been one of the great success stories of South East Asia. The country started with very little money...
For the past few weeks, it seemed like America and China will finally be able to resolve their trade disputes....
The Supplier, Input, Process, Output and Customer (SIPOC) Matrix is one of the most important tools that must be used...
The SIPOC methodology is one of the most useful concepts in the hand of a BPM expert. The idea behind...
Business Process Improvement programs when designed with specific objectives and sponsored and facilitated by the senior management including Business Unit...
The picture of Aylan Kurdi, a six year old Syrian refugee who died when his boat capsized as his family...
Six Sigma is a business management strategy which aims at improving the quality of processes by minimizing and eventually removing...
Both Six Sigma and Total Quality Management are effective tools for quality management but a thin line of difference does...
As mentioned in the earlier articles, Six Sigma helps the organization develop at various levels viz. operational, tactical and strategic....
Six Sigma is a well-known management breakthrough. There is a dearth of experts who have defined the process in their...
Types of Variables In the equation – Y = f(X), Y is the dependent variable and it is dependent on...
Six Sigma is a process oriented methodology designed to improve business performance by improving specific areas of strategic business processes....
Most of us would have heard of the revolutionary quality management methodology and framework, Six Sigma. For quality professionals and...
The Project Champion is the person responsible for identifying the Six Sigma Project and making it an organization reality. The...
The Project lead is the second most important person in the entire Six Sigma project exercise. The Project lead reports...
Before the Project Begins Six Sigma projects are meant to make the organization efficient. It is for this reason that...
A surprising number of projects begin without considering the human resource aspect in mind. If a Six Sigma project were...
Urbanizing World, Social Unrest, and Urban Nightmares The world is urbanizing at an alarming pace. We used the word, alarming,...
What are Smart Cities and How They Have the Potential to Revolutionize Urban Living We often hear the term Smart...
Introduction Sales support systems were developed to assist the sales force in improving productivity. This improvement in productivity was through...
Saudi Arabia’s Precarious Position Saudi Arabia is believed to be one of the richest countries in the world. This desert...
A scatter plot is a graphical tool. It has been designed to ensure that it provides a convenient view of...
The city of Seattle, Washington is one of the most prominent economic centers in the world. It houses companies like...
A process driven by primary metric alone is not fool proof. Operations managers always know that they face trade-offs. With...
Hypothesis testing is a very detailed subject. Understanding how to correctly conduct these tests is beyond the scope of this...
When an Organization chooses to outsource its inventory management services, the project success hinges on choosing the right partner because...
Using Business Process Improvement as a tool to improve internal efficiencies and to bring about the desired changes in business...
Since the entire premise of having a Six Sigma process is based on measurement, comparison of measurements and setting corrective...
It is of utmost importance for any business enterprise to maintain their existing customers. A proper after sales service through...
Service Planning – Attending of unscheduled maintenance tasks arising out of breakdown and faults both for internal and external customer...
Flat World? The famous cheerleader of globalization, Thomas Friedman, characterizes the global economy as a “flat world” where anyone can...
The process owner is the person who is supposed to be in charge of the improved Six Sigma process. Since...
The Project Coach is the person concerned who is responsible to make sure that the team understand Six Sigma tools...
This article addresses the question: Should Project Managers behave like Prima Donnas? The question posed is about the role of...
Imagine your company’s biggest client calls with a complaint about product defects. This isn’t the first time and if we’re...
Total Quality management refers to a continuous effort of management along with the employees of a particular organization to improve...
The previous articles in the module have discussed how the global financial crisis has been caused due to a combination...
What are Electronic Health Records (EHRs) ? An EHR or an Electronic Health Record is a computer readable store of...
In previous articles, we have discussed how risk management teams and the management can help in planning for contingencies. In...
The Finance Certifier is the only member of the Six Sigma Project team apart from the Project Lead that is...
The Need to Encourage Foreign Investment The previous articles have discussed how international businesses need supporting ecosystems and business friendly...
Corporate transactions, including mergers, acquisitions, divestitures, joint ventures, and other methods of organizational restructuring and transformations, are strategically important in...
When a proposal is put forward for implementing an ERP system, two questions are invariably asked i) How much it...
Supply Chain Management is concerned not only with the flow of raw materials and finished goods, but scope extends beyond...
As Supply Chain Activities are evolving and partnering changes in business models, the focus and activities are not restricted to...
Gone are the days when outsourcing meant a steady stream of jobs being shipped to India. Now the trend is...
Introduction This article is a follow up of the earlier one related to the project management processes for an automation...
A couple of decades ago, India was considered to be a third world country with limited economic potential. When the...
The Rise of Oligarchies and its Effect on Consumers A noticeable phenomenon in the business world ever since the 1970s...
In previous articles, we have seen how Business Continuity Programs are formulated and how they are executed in times of...
Organizations in current times are competing in a global market where time and distance have no meaning. Competition being intense,...
In the highly competitive world of business and marketing, Organizations are pushed to be ahead of the race and walk...
Political Instability The recent case involving GMR Group in Maldives wherein the new government cancelled the license of the company...
The integration of cutting-edge technology with financial services has resulted in several innovative methods and tools which use sophisticated technology...
Introduction Product quality determines the success with the product. One of the key drivers of quality is the performance of...
Conventional shop floor control functionality of an ERP system, for the most part, is suitable for discrete manufacturing. However, during...
The Vexatious Issue of Reservations in the Indian Private Sector Every now and then, the vexatious issue of Reservations in...
Introduction For an organization to be successful it is of paramount importance to exceed the customer expectations as to generate...
Introduction Quality of product and services determines success or failure of the organization. Consumers expect the company to maintain high-level...
Adoption of quality frameworks like Six Sigma, ISO 9000 and Baldridge has ensured that companies derive a source of competitive...
Project Management is the art and science of managing projects with emphasis on quality, cost and time. If we take...
Quality Management tools help organization collect and analyze data for employees to easily understand and interpret information. Quality Management models...
Introduction The way business or commerce gets conducted has undergone a great deal of change due to the advent of...
Introduction Decision making is crucial for survival of business. Businesses have to make decision considering the limited amount of information....
A RACI matrix is a very important tool that can help in the implementation and correct functioning of a process....
Is Demonetization an Example of Radical Disruption? The Indian Economy and Body Polity was treated to a Shock Exercise when...
The Indian pharmaceutical market has been booming for several years. India has the largest number of pharmaceutical manufacturers which supply...
While America is the largest economy in the nation, there is a considerable push towards rebuilding America’s infrastructure. Many Americans...
Closing a Six Sigma project is an elaborate exercise. One of the biggest parts of this exercise is the explicit...
The concept of insurance came about in the business field to cover the risk of loss of assets due to...
Much is being said and written about the emerging digital economy with all its promise of techno-utopia and the perils...
What it was like during the Early Days of the Internet Boom when Utopia seemed Possible There is a general...
The Race to the Bottom and the Game of Attrition in the Indian eCommerce Sector Much like the broader Indian...
There are some nations in the world who manufacture their own defense equipment. However, a majority of the countries outsource...
President Trump introduced one of the biggest tax reforms that the United States has ever seen in Dec 2017. As...
Systemic Risks and their Impacts Business continuity planning and management is an approach that companies adopt to protect themselves from...
Globalization gone too far? Many experts believe that the pace of globalization had accelerated so much in the period starting...
The Pugh Matrix is one of the most widely used methods of finding out the best solution once a number...
Privatization of airports is not a new idea. Many politicians have implemented it as an important economic policy. Margaret Thatcher...
The world is facing a scarcity of water. Each year about 3.4 million people die due to the scarcity of...
During the 19th century, the robber barons were dominating the American economy. A handful of people had more wealth and...
A large number of developing countries across the world are dependent upon commodities. About 135 of these developing countries were...
The Union Budget is a big financial event in India. Each year, the finance minister of the nation sets the...
Amazon Allegations: President Trump has been very critical of Amazon. He believes that companies like Amazon are benefitting off of...
The world seems to have turned on its head. Countries like the United States and the United Kingdom were earlier...
Introduction The objective of organization is to provide service and product, which satisfy customer and create value for them. A...
Process driven organizations are the exact opposite of a people driven organization. It relies on the principles of Corporate Law...
The Business environment is highly dynamic and the rules of business are being re written every day. Several changes in...
Business Process Improvement projects are extensively used by Organizations from time to time to overhaul their existing processes and operations...
Business Process Improvement projects can be applied to any and every process in any industry. Using BPI it is possible...
Business Improvement Projects are great way of unleashing the operational efficiency and increasing the effectiveness of the entire business operations....
According to the PMBOK 3rd edition, A project is defined as a “temporary endeavour with a beginning and an end...
Introduction The practice of project management has undergone a sea change in the way it is conceptualized and executed. Gone...
Bill of Material (BOM) is a base functionality of setting up production module of an ERP system. A manufactured item...
Introduction For efficient, effective and economical operation in a manufacturing unit of an organization, it is essential to integrate the...
To support the need to reduce cost and time to market, greater emphasis is needed to control shop floor activities....
What is Productivity and Why it is so Important? We often hear the term Productivity, bandied about in economics and...
Introduction: Productivity and Its Centrality to Growth We often hear the term productivity in many contexts and whether you are...
Project control module is used for organizing long term projects such as building a ship or power plant. The production...
Project integration management refers to the process of tying everything in place. Integration management deals with: Developing the Project Charter...
There are several components of project management that encompass the spectrum of project management. Right from the initial setting up...
Project management is the art of managing the project and its deliverables with a view to produce finished products or...
When organizations have “flat” structures and consist of coalitions of people coming together with multiple loyalties, intersection of the organization...
The evolution of organization theories from mechanistic to people based ones has influenced the approaches taken by managers in organizations...
Disruption is the Name of the Game We live in an age of disruption. Indeed, disruption is the norm rather...
How Projects Fail Due to Poor Implementation and Last Mile Connectivity Most projects are planned properly and conceived rightly. However,...
Introduction This article details the high level project plan and the components of the same. A project is a success...
The Project Risk Assessment Matrix is one of the required documents to complete the Define phase of the DMAIC methodology....
How Access to Knowledge Has Been Restricted Down the Ages to the Present Times We live in a Digital World...
How the Internet has Shifted the Balance of Power in All Fields of Our Lives It would be an understatement...
What is Practical Intelligence, Why Is It Important, and How It Works in the Real World The world admires Street...
Most of us would not have been that old to remember the global economic conditions that were prevailing in the...
In order to truly control a process, one must understand the inputs as well as outputs of the process. These...
When organizations were first formed they were largely people driven. Before we delve any further, it would be useful to...
A process driven organization has certain obvious advantages over a people driven organization. Many old fashioned entrepreneurs still prefer to...
What is Information Overload ? We are drowning in a sea of information. We are inundated with news, views, opinions,...
This module has covered the need for business continuity management as a paradigm to be followed by corporates. This article...
The Perils of Person Dependence Imagine you are a project manager of a software project and are managing multiple resources....
Healthcare prices in the United States are much higher than compared to the rest of the world. There are many...
The Philippines is a small country nestled amidst a scenic archipelago in South East Asia. There wasn’t too much to...
The Canadian healthcare system was known to be the best amongst all the developing countries in the world. This is...
Planning is the first step involved in system implementation. It is the very basic function which describes effectively the very...
Business in present times is very challenging and dynamic. The nature of markets, life cycle of products and services as...
A large amount of work needs to be done in the measure phase. This work also has a large impact...
Why Do 80% of All Projects Fail to Deliver on Time and What can be done About Them Research shows...
What is the P-Value ? The P-Value is a statistical representation of the likelihood that the null hypothesis is true....
For a long time in the 20th century, the global economy was divided into the developed West and the Third...
What is the Pareto Principle ? The Pareto Principle was an observation of a famous Italian economist named Vilfredo Pareto....
In keeping with technological changes in IT sector as well as evolving business need, there are discernable changes in ERP...
The economics of the music industry has been radically changed in the past two decades or so. Ever since the...
Global capital is always on the search of the next profitable opportunity and this is the reason why the BRICs...
Ever since the onset of the global economic crisis, there has been much talk about how globalization has reached its...
Canada and Mexico are the second and third biggest trade allies for the United States. Historically these nations have had...
Countries which have large reserves of oil are usually considered to be rich. Barring a few exceptions like Venezuela, Iran,...
Cyclical Pattern: A cyclical pattern is defined as a predictive situation in which data points increase and decrease the process...
Shift in the Process: A shift in the process is defined as a pattern in which seven consecutive data points...
How the New Normal is Being Shaped and How it Would Impact Global Supply Chains Much has been spoken and...
The Millennial generation has got used to living in an on-demand world. They buy food on demand, hire cabs on...
Six Sigma Project initiatives help the organization in a wide variety of ways and at very different levels. This article...
The latest trend in all industries has been to outsource inventory management functions to Third Party Service providers. Companies outsource...
Perhaps the most frequently used and the most important type of processes in any company are the operational processes. These...
Introduction It is very important for an organization to have well defined objective. A well-defined objective facilitates development of strategies...
Introduction Scheduling and workplace planning is the final step in operation planning and design. Operation’s scheduling and workplace planning is...
Automation of business processes has become the single objective of every multinational corporation. Automation saves a lot of money in...
Order based Planning: Order-based planning is the functionality that plans planned orders to cover components and end items. This functionality...
No understanding of Six Sigma is complete without truly understanding where it came from – Motorola. The backdrop of the...
The economic power that many multinational companies wield is commendable, to say the least. Companies like Amazon and Apple have...
Nations are now becoming image conscious. This is a recent phenomenon which is very different from the “devil may care”...
National competitiveness is becoming an important subject of debate as governments all across the world are competing with one another...
Why Nations are Similar to Firms When Deciding on What to Make and What to Buy Businesses often decide on...
In previous modules on continuity of business, we had discussed how companies need to be prepared for any eventuality –...
What is Accountability and the Need for it in the Healthcare Sector? A well functioning healthcare system encompasses the principles...
Today the need of the hour is for the Organizations to be competitive and embracing new methods, processes, to keep...
To survive and grow your business in the current times, you have got to learn the ropes of business once...
To Expand Sales The first and foremost reason is that western multinationals would like to expand their sales and acquire...
Inventory is a necessary evil that every organization would have to maintain for various purposes. Optimum inventory management is the...
When a management student passes out from college and is absorbed into any business organization, if he is lucky he...
While coming up with operational metrics one must not forget to begin by first clarifying and defining what they mean....
The Emerging Phenomenon of Medical Tourism An emerging trend in healthcare management is the phenomenon of medical tourism or the...
Bavarian Motor Works (BMW), which is a world famous car manufacturing company, has now set up its plant in Mexico....
The evolution of media and its interaction with business trends has gone through several waves. If it was Web 1.0...
With an annual turnover of $400 billion, Wal-Mart is usually the biggest company on the Fortune 500 list. Its presence...
Introduction In last decade or so technology has changed the way organization conduct their business. Advent of technology in operation...
Who are the Millennials and Why are they so Important ? The Millennials or the generation of youngsters born between...
Introduction The last two decades have changed the way business is getting conducted. Some businesses are still using traditional channel...
Introduction The role of information technology and systems is to improve productivity of organization. Information systems are deployed across functional...
ERP packages contain several modules, such as finance, sales and distribution, materials management, manufacturing and production control, human resources, plant...
Introduction Raw materials form a critical part of manufacturing as well as service organization. In any organization, a considerable amount...
Introduction Success of an operation department of any organization is dependent upon an efficient production plan. One of the key...
The final step in the metrics is to measure the financial benefits that are accruing to the firm because of...
Looking Beyond BRICS: The MINT Grouping The BRICS or the acronym given to the grouping of Brazil, Russia, India, China,...
Loose or Tight Monetary Policies ? The debate over whether central banks around the world must pursue loose monetary policies...
Introduction Plant and machinery in the initial days always perform to their fullest capacity but as time goes with regular...
China is now the second largest economy in the world. As a result, it wants to increase its might in...
International trade between an Exporter and Importer would entail multiple transactions in terms of documentation exchange, physical cargo movement as...
An organization can be viewed as a collection of processes. At the grass root level, an organization is nothing but...
Limitations of Decision Support Systems Decision support systems have been incorporated into businesses to support human intelligence for years. However,...
Apart from accuracy and precision, there are more factors that determine the soundness of a measurement system. Two of these...
The Current Situation: Donald Trumps administration had signed in a draconian law. This law made it necessary for immigration officers...
Lionel Messi and Cristiano Ronaldo are arguably the best soccer players in the world. Their performance in the recently concluded...
Supply Chain Management encompasses, planning, design, control and implementation of all business processes related to procurement, manufacturing, distribution and sales...
Logistics has aided and contributed to enabling global trade. Third Party Logistics Service Providers both at global levels and local...
Procurement Logistics, Manufacturing Logistics and Finished Goods Logistics functions are managed by different independent departments in a company. Though the...
While Fredrick Taylor’s scientific management had help create huge American corporations that were quick to adopt the viewpoint, the 1970’s...
A Job can be described as a group of tasks which is assigned to the individual employees for ensuring achievement...
The Kano Analysis is a simple looking tool that has grave implications of the field of quality management. It has...
In the year 2017, President Trump has promised the United States that he will provide unprecedented tax cuts to the...
A KPI is a great tool to measure and control the performance of any given process. In management jargon, there...
No doubt international trade has existed spanning civilizations, in the current global economic situation no country can keep away without...
Internet Technology has impacted our day to day life beyond imagination. It has changed the way we make purchase decisions,...
The “internet of things” is the latest buzzword that can be heard in Silicon Valley. It is the newest avenue...
Introduction Tally is powerful accounting software, which is driven by a technology called concurrent multi-lingual accelerated technology engine. It is...
Inventory is a necessary evil in any organization engaged in production, sale or trading of products. Inventory is held in...
Any inventory of Raw materials, finished goods as well as Intermediate in process inventory has an economic value and is...
Inventory procurement, storage and management is associated with huge costs associated with each these functions. Inventory costs are basically categorized...
Any inventory of raw materials or finished goods runs into thousands of SKU items. Especially in case of Raw Material...
Introduction Supply-chain management plays a pivotal role in ensuring goods, and services are delivered on time to customers. Within supply-chain...
Inventory management and supply chain management are the backbone of any business operations. With the development of technology and availability...
Inventory Migration is a mammoth project exercise involving internal teams as well as many external agencies. Detailed planning, process, simulation,...
The need for Inventory Migration from one warehouse to another warehouse does not come about very often in Supply Chain...
Every organization that is engaged in production, sale or trading of Products holds inventory in one or the other form....
Inventory management as well as Supply chain operations are often overlapping and hold the key to the success of sales...
Some professions in the world are not considered to be as acceptable as others. This notion of acceptability is widely...
Washington DC has seen several proposals for strange regulations. The latest one of these suggestions is a pollution tax. Many...
Australia has a peculiar economic history amongst the developed nations. Whereas all other developed countries have faced some economic downturn...
Expats want to flock to Dubai. Apart from the high quality of life, the foremost reason for such enthusiasm for...
Types of Foreign Investment and its Implications for Developing Countries With the opening of the economies of the world, there...
Widening Current Account Deficit The first and most important problem facing the Indian economy is the widening current account deficit...
Israel is one of the youngest countries in the world. It has been in existence for only 72 years. While...
Supply Chain Management is a broad-based function that encompasses all business and operational processes involved in but not limited to...
Disaster Recovery and Business Continuity concepts are more relevant to IT and technology companies as well as the service industry...
IT systems are the most sensitive systems that are prone to failure and disaster. The risks that can cause breakdown...
The Italian economy is going through a rough financial period. Not too long ago, the budget of this European economy...
Introduction In the current globalized business environment, decision making is becoming more and more difficult. Some of the problems faced...
Introduction Knowledge is very important for survival of organization. Historically, employees have gathered knowledge through trial-and-error method or by working...
Introduction Human resource is one of the pillars which defines a strong and successful organization. Workforce is the backbone of...
Introduction Information technology and system have changed the way business gets conducted. Every decision-making process is enhanced with utilization of...
Introduction A successful organization is built on satisfied and trained employees. They are the company’s greatest assets. Employee development is...
Introduction An important element of the supply chain is the retail. Retail is the place where the products and goods...
Introduction Proliferation of information technology has increased in the last decade. Today’s organizations are acknowledging the importance of information systems....
Introduction: What is IT Business Alignment and Why it is Important The saying about the Blind Men and the Elephant...
Introduction After 1990s there was a major transformation in the commercial world. All the organizations across industry sectors have started...
Introduction Last two decades have seen great stride in information technology. The development in information technology has changed the way...
Introduction: What is IT Strategy and Why it is Important As the joke goes, A person who is sitting in...
Donald Trump has raised the issue of America’s crumbling infrastructure during his election campaign. He has periodically mentioned that American...
Innovation is and has always been at the center of all human endeavors. People those who are able to perform...
What is Innovation and how did it evolve? Innovation is commonly known and defined as the ability or skill to...
Organizations produce an exploding amount of data while capturing bushels of bytes of information pertaining to their operations, customers and...
Insourcing is the opposite of outsourcing! Well, that sounds obvious, isn’t it? However, many people do not know what it...
Kernel of an ERP system comprises of a technical module (set of tools) which provides a foundation to various application...
Leaders all over the world are upset with America’s hegemonic behaviour. In the past two years, Trump’s policies have caused...
Introduction Objective of any organization is to provide customer satisfaction by building product and services, which not only satisfy needs...
The Debate over IPR In recent years, intellectual property rights (IPR) have become the topic of intense discussion and concerted...
It is often said that when America sneezes, the entire world catches a cold. This is because of the high...
Globally outsourcing 3PL Market is growing fast. In the US, the industry is expected to reach over $150 billion as...
Global Capital, Local Resistance The previous articles in this module discussed how international businesses expand into overseas markets both for...
Finite Resources and Infinite Consumption We live in a world of finite resources many of which are consumed at an...
Supply Chains ride on Logistics Networks and IT Applications/Internet. In this topic a brief introduction to each of the Logistics...
Today every individual entrepreneur owned businesses as well as Corporates have changed the way they look at their vision and...
What are Mediation and Arbitration ? Mediation and Arbitration are features of the business landscape that let aggrieved parties resolve...
The International Monetary Fund (IMF) is often in the news. Every now and then some countries approach the IMF when...
Brief Introduction about International Payments If you have shopped online on international portals or have received payments from abroad, you...
Introduction International production and operations management deals with production of goods and services in international locations and markets. It involves...
“Quality management” ensures superior quality products and services. Quality of a product can be measured in terms of performance, reliability...
Project Management is both an Art and a Science Project Management is both an art and a science. It is...
The regulatory scandals involving HSBC and Standard Chartered (2013) have brought into focus the issue of how the outsourcing of...
When any Organization Imports any item into the country, the cargo would need to be Custom Cleared. The consignment transported...
In effecting Imports as well as Exports, documentation plays a very important role. Especially in case of imports, the availability...
Globalization has given impetus of international trade which is increasing by the day. International trade involves multiple agencies, transportation agents,...
Countries have long since realized the importance of furthering their interest by supporting the International Trade and Exports from in...
Imagine one fine evening your nation’s top leader suddenly appeared on television to make an address. In this speech, he...
The Stratification of the Indian Education Sector For a country that prides itself on its rich history and civilization superiority,...
India and China are two of the fastest growing economies in the world. They are also neighbors and share a...
Elections to the central government are due in India in 2019. This is the reason why all political parties have...
Personal income taxes are omnipresent all over the world. From the developed nations to the developing ones, all tax the...
What History teaches us and why Forgetting History would condemn us to repeat it? The Indian Elections are over and...
The Reasons for the Push towards Solar in the Indian Renewable Sector Globally, there has been a push, and a...
Why Indian Professionals need to Change Their Work Habits In recent years, there has been much talk about how India...
Obtaining funding for a startup is extremely difficult. It is said that startups receive money only from friends, fools, and...
Mergers and acquisitions used to be fairly straightforward in the yesteryears. This is because companies would only make acquisitions within...
Information and Strategy In today’s digital age information technology and information systems play an important role in success of organization....
It has become commonplace in contemporary organizations to have extensive IT (Information Technology) infrastructure and software and hardware assets. Indeed,...
Introduction It is often observed that term information system and information technology are used interchangeably. In a literal sense, information...
Introduction In this digital age with fierce competition, it is essential that managers within organization are completely aware and receptive...
Andres Manuel Lopez Obrador, popularly known as AMLO, is no stranger to Mexican politics. He has already run for the...
In the new world that is fast changing with rapid advances made in science and technology and shrinking borders, the...
Startups had become an important part of the modern economic system. Most of the companies which have achieved billion-dollar valuations...
Over the past few years, South Africa has been facing rising levels of violent crime. It is now a known...
The Internet has drastically changed in the past few years. Consumers have now become very aware of their privacy issues....
Introduction Worldwide influence of the internet is well-established and acknowledged. Penetration rate of the internet has been phenomenal; almost 1/3rd...
Implementation of ERP System, is a complex exercise, involving many process alterations and several legacy issues. Organizations need a implementation...
Introduction A production defect in a company like GE (General Electric) might result in that specific product or the part...
Profitable Tourism and the Implications for Corporates and Societies It is a known fact that Tourism is a money spinner...
Information Overload can Drown Us We are literally and metaphorically drowning in information. From the time we wake up and...
Introduction: The Ethical Imperative for Project Managers While Ethics are important for all organizations and their employees and other stakeholders,...
Introduction: What is IT governance and why it is important? It is not enough for corporations to have IT systems...
An economy consists of many sectors. However, infrastructure is known to be the backbone of any economy. Roads, railways, electricity,...
Measurement Systems analysis is an integral part of the Six Sigma project. No matter what project is being conducted under...
What is Demographic Dividend and Demographic Deficit ? We often hear the terms Demographic Dividend and Demographic Deficit being written...
The previous articles have mentioned about the need for a business continuity management program and the components of a typical...
The fishbone diagram, which also goes by a couple of other names like the Cause and effect diagram and the...
The Best of Times, The Worst of Times The global economy is growing, and almost all major economies of the...
The trade war between China and America seems to be getting worse every day. When negotiations between Trump and Xi...
Human Resource (HR): Though the pay rolls preparation through bespoke systems is one of the early adoptions of application software...
HR Metrics and Workforce analysis is a useful strategic tool for HR which shares information and evidences about the functioning...
Any ERP implementation attracts expenditure on account of Operating System (OS) and Relational Database Management (RDBMS) for hosting the system....
The list derived from the detailed process map needs to be shortlisted. This can be done in multiple ways. The...
What the Proponents of Governmental Bailouts Have to Say about Bailing Out Businesses The ongoing economic and financial crisis due...
The latest round of negotiations between Donald Trump, i.e. President of the United States and Kim Jong Un, the dictator...
Project Managers Have to Learn to Deal with Uncertainties and Risks Project Management is the art and science of balancing...
From the Third World to the First: The Story of a Remarkable Transformation The story of how Singapore became a...
How Sports Became Big Business Nowadays, sports mean big bucks for all stakeholders. Whether they are sportspersons, corporates, advertisers, or...
Apple is a well-known brand since it is the most valuable firm in the entire world! Apple can attribute a...
Empowering Individuals through Knowledge at the Click of a Mouse In the current information age, knowledge is power and whoever...
How the Economic Crisis Due to the Covid Pandemic Has Been Disastrous for the SMEs While the Covid 19 Pandemic...
Step 1: Decide Between a Normal Process Map v/s Swim Lanes Process maps can be built in the usual way...
How to Create a Pareto Chart ? A Pareto chart is one of the 7 basic tools of quality control....
Given the usefulness of the fishbone diagram, it is essential that every student of quality and six sigma know how...
When scatter plots were discovered, drawing them was a complex task. It often required the use of statisticians and scientists....
Although the 5 Why’s is an elementary tool when it comes to six sigma methodology, it is nonetheless important. Since...
The Elements of the Digital Economy If you have ever transacted on an eCommerce site or have used your Smartphone...
The US Fed and Tapering of Quantitative Easing (QE) The recent announcement that the United States Federal Reserve was thinking...
China has seen rapid development in the past two or three decades. It has become the export powerhouse of the...
The Transformations Wrought About by the Digital Age This is the age of Smart Machines that can perform tasks that...
How do Sanctions Work? Often, we read about the United Nations or the United States imposing sanctions on nations and...
The dates for the general elections in India have just been announced in India. Prime Minister Narendra Modi has also...
From Backwaters to Powerhouses At the start of the 1970s a widely held belief in the United States and in...
The rules of economics and business are such that in any economy, old or new, recession or boom, the basic...
Introduction Most of us would have heard of companies such as Uber, AirBnB, and Upwork that have emerged in recent...
The Chinese economy has received a lot of positive press in the past two decades. The rapid economic growth that...
The Age of Automation has Arrived Let’s face it! The Age of Automation is arriving if not already arrived and...
The Problems of Governance in Developing Countries Governance is a problem in many Third World countries where the structures and...
Internet of Things (IoT) is often thought of as being a high-tech concept. It is a common belief that such...
In the year 2019 the concept of “The Green New Deal” was introduced in American politics. The idea was floated...
More Losers than Winners The previous articles in this module covered the topic of globalization in depth. Some of the...
It is very interesting to study how Organizations and Businesses grow, evolve, change, mature and also decline over a period...
Use of computer systems is a post second world war phenomenon. The first working computer was developed by two scientists...
All firms aim to become market leaders and be the dominant player in their chosen niche and space. Towards this,...
After the Japanese wave of business process management came the concept of Business Process Re-engineering which rocked the world of...
After the control charts have been created and deployed, the control phase of the DMAIC methodology comes to a close...
The United States Senate has been polarized on the issue of dreamers. “Dreamers” is a nickname given to the children...
The Emergence of the Internet and the High Hopes that accompanied it For those of you old enough to remember...
What is the Hindu Rate of Growth and is the Indian Economy returning to it? For a long time from...
Historic Debt Deal The Greek Debt Crisis is over, so proclaimed Finance Ministers from the Eurozone Countries who gathered in...
The Roots of the Present Economic Crisis The global economic crisis that started in 2008 has its origins in the...
Any time you walk into a super market and pick up any stuff like a knife or a toy and...
5G is the latest buzzword in the telecommunication sector. For a layman, it is difficult to understand what the buzz...
The past few generations have become used to money being issued by the government. Hence, there is an implicit assumption...
Introduction: The Future of Work Every morning in Africa, a Lion wakes up. It knows that it has to run...
Abstract The world of work is changing as we speak and the winners and losers in the workplace of the...
Over the last five decades, Decision Support Systems (DSS) have come a long way. They have transformed from automated systems...
Financial accounting module of an ERP package provides company wide control and integration of financial information. This module provides the...
Germany has always been an economic powerhouse. In fact, in the last century, the economy of Germany has been completely...
Germany has the second largest exports in the world. They are second only to China. This is remarkable given the...
The previous article in the module introduced the global economic crisis with a brief overview of the causes. This article...
Much has been written about the way in which India was one of the few countries that was relatively unscathed...
In previous modules, we have alluded to the global economic crisis and the impact it had on the various sectors...
Why Printing Money is Leading us Nowhere We discussed how central banks around the world are printing money and pumping...
The other modules discuss the phenomenon of globalization and the ongoing global economic crisis among other topics. This module is...
The previous article had touched upon the lack of regulation as a cause for the global financial crisis. This article...
According to many respected commentators like Nouriel Roubini and Joseph Stiglitz, the Global Economy is facing severe headwinds which can...
Globalization, Localization, and Glocalization It is a known facet of globalization that businesses that operate across the world have to...
The Global Race between American and Chinese Firms There is an intense and uber competitive race going on between American...
When we discuss globalization, we often take into account the fact that both countries that are partners in trade benefit...
The global economic crisis that started in 2008 has engulfed the entire world and has laid waste to the process...
Globalization is a phenomenon that can mean many things to many people. For the workers and the executives in the...
The underlying premise behind globalization is that the transfer of wealth from the developed countries to the developing countries would...
In a previous article, we looked at how globalization benefits the young more than the elderly. This article looks at...
Globalization of Supply Chains and its Implications We have discussed how the globalization of the world economy has made the...
A six sigma team is meant to concentrate on the solutions and not on the problems. It is for this...
Good inventory Management practices in the company help by adding value in terms of having control over and maintaining lean...
India is the second largest consumer market in the world. There are over a billion consumers, and companies from all...
Google is the most dominant search engine in the United States as well as in the world. It controls more...
The state of the American economy is deteriorating at a rapid pace. This is large because of the indiscriminate spending...
The Effect of Two Decades of Profligate Spending Everyone expects the global economy to recover in a magical way and...
The Non-Banking Financial Companies (NBFCs) are quasi-banking institutions in India. They are allowed to make loans just like banks do....
All Manufacturing and Marketing Companies hold Finished Goods inventories in various locations and all through FG Supply Chain. While finished...
FG Supply Chain consists of all activities involved in movement, storage and distribution of Finished Goods from the Delivery point...
Buying a Desktop computer for your home or a Laptop for your use is very easy. You browse the internet...
The Scandinavian countries are often seen as role models for welfare states. These countries are known for having very high...
What is the First Mover Advantage? In business, as in life, being early and being first to launch products, enter...
What is Five Why’s Analysis? The Five Why’s analysis, also known as the root cause analysis is one of the...
Business Process Improvement programs have become the major tools for Organizations to keep working on their internal operations to enhance...
Companies all around the world are focused on quarterly as well as annual results. As soon as these results are...
What is FDI (Foreign Direct Investment) ? FDI or Foreign Direct Investment is the practice of international businesses investing in...
The Fortune 100 list of companies comprises of the top 100 corporations in the world in terms of size, revenues,...
Fredrick Taylor was one of the earliest thinkers in the field of business process management and also one of the...
Healthcare has become outrageously expensive in most developed nations of the world. For instance, American citizens who do not have...
Global Logistics Scene is dominated by a handful of ten to twelve multinational Companies followed by smaller companies altogether numbering...
India has emerged as a hot destination for BPO work in recent years. The success is mainly due to the...
Abstract The three imperatives of sufficiency, safety, and sustainability of the global energy paradigm as it exists now along with...
The End of the Good Life for the Current Generation With the global economy mired in deep recession for the...
The Future of Mobility Mobility or the ability of people to move from place to another has been an integral...
Western Europe has been an economic powerhouse. Superpowers like Germany and Great Britain have been a part of this region....
In any company inventory management is one area that the managements always focus on when it comes to improving business...
All products and services fail! Even the processes which have already achieved six sigma precision fail. However considering the possible...
The fall of Wal-Mart Wal-Mart has been a global retailing behemoth. The rise of Wal-Mart is an amazing story, but...
The Global Airline Industry and its Travails It is an open secret that airlines all over the world are bleeding...
Farm Loan Waivers, Bank Bailouts, and Moral Hazards Farm Loan Waivers are the Flavor of the Season as Indian States...
The United States has one of the largest trade deficits in the world. Many critics have been of the opinion...
The fight between China and the United States has gone to the next level. Up until now, the United States...
In the 21st century, marketplaces have become more competitive. This is because the availability of information has become the norm....
Introduction In the modern global and competitive business world, it is very important to the companies to enjoy financial success....
Introduction Financial analysis and planning are one of the fundamental activities and responsibility for the finance department. Financial analysis and...
The relations between India and Pakistan have never really been cordial. Ever, since the Islamic Republic of Pakistan was carved...
While inventory classification of raw materials for Inventory Management purposes follows ABC Classification, Finished Goods inventory is classified under additional...
European nations have been following a controversial policy called the common agricultural policy. Under this policy, European governments have been...
Evaluation and selection of ERP package is an essential criterion for successful ERP implementation. Quality of selection will have a...
In any Organization, the BPI initiative to be a success would need to be first understood and owned as well...
For any Business Organization which is eyeing a foreign market as a part of its Exports strategy, getting its Marketing...
The world media was recently rocked by a data breach scandal involving Facebook. This scandal wherein Facebook had allowed a...
The recent Cambridge Analytica scandal has ended up putting companies like Facebook in hot water. The common man has now...
Facebook is a company which has been growing at a breakneck speed. Within a decade, the company has already started...
Introduction For an organization to have an effective and efficient manufacturing unit, it is important that special attention is given...
Facility Location is the right location for the manufacturing facility, it will have sufficient access to the customers, workers, transportation,...
Inventory management operations are increasingly being outsourced to third party service providers, thereby ensuring that the investments and costs in...
Introduction Information systems have revolutionized the way businesses get conducted. It facilitates automation across departments. Information systems are getting actively...
Introduction Employee relationship management is management of relationship between employees and employers. It is made up of initiatives which improve...
ERP represents a wide suite of applications covering various enterprise functionalities. It also links together departments and business units. Whereas...
Introduction Enterprise marketing automation is part of customer relationship management module. Enterprise marketing automation can also be an independent software...
The Importance of ERP Software In previous articles on Finance and Human Resource Management, we discussed how the finance and...
The e-pharmacy sector in India has been witnessing a lot of startup activity. More than 200 start-ups have sprung up...
The credit rating business in America is largely an oligopoly. It is run by three major companies, Equifax, TransUnion, and...
America is sitting on a demographic time bomb. Their economy boomed thanks to the “baby boomers” that brought prosperity to...
Accounts payable and Accounts receivable modules are two important execution modules under finance segment of an ERP system. Financial relationship...
Supply Chain Management (SCM): Improvement of supply chain is one of the last frontiers for improving productivity and supply chain...
During 1990s’, the popular method of exchanging information between trading partners were Electronic Data Interchange (EDI) and all major ERP...
Information technology is changing at a fast pace. Underlying ERP technology is needed to keep pace with first changing IT...
Like any other project, ERP implementation goes through various interconnected phases. These phases may be sequential but at occasions overlap....
Initial investment in acquiring and implementing an ERP system is substantial in terms of both human efforts and financial resources....
In the context of growing market competition, organizations are focusing more on closer partnership across supply chain. Increasing efficiency in...
Introduction Enterprise resource planning has been the forefront in providing efficiency and productivity solution to the companies all over the...
IN addition to functions covered by technical modules such as user’s management, License management, installation (as discussed in earlier papers),...
During 1990, ERP market was dominated by few vendors namely SAP, BaaN, Oracle, People Soft and JD Edwards, who were...
In the developed world, mobile phones are something that we take for granted. The biggest purpose of a cell phone...
The recent India Pakistan skirmishes have brought the issue of a nuclear Armageddon to the forefront of international politics. The...
The previous articles have discussed the impact that the BPO phenomenon has had on the economies of the home and...
In previous articles, we looked at how the BPO phenomenon has played itself out in India and other Asian countries...
Like other sectors in the corporate world, the BPO sector has been affected by the ongoing global economic crisis. For...
The prices of oil have once again started going through the roof. In the past few years, the prices of...
Introduction Organization success is dependent on customer satisfaction and delight. Customer satisfaction is achieved through development of product and service,...
The FIFA World Cup is an international sporting event. This event is held every four years. However, the host country...
Elon Musk launched his car company Tesla in order to make cars that would not harm the environment. He has...
Quality is an essential parameter which helps organizations outshine their competitors and survive the fierce competition. The success of total...
Introduction Enterprise Resource Planning or ERP is one the most common term used among corporate world, business school and in...
A Glimpse into the Connected Future The future is connected in terms of the networked and integrated digitally enabled modes...
Emerging Market Cities and their Growth Potential Studies have shown that the number of cities in emerging markets is growing....
International Businesses and the Opening up of Emerging Economies The previous articles in this module have discussed the contours of...
Emerging platforms are new technology developments and business models for which a theory is yet to be formulated, and yet...
Introduction 21st century has been defined by application of and advancement in information technology. Information technology has become an integral...
DMADV is a six sigma methodology. It is used to design new processes or products where none exist and get...
Reforms driving International Businesses or Vice Versa? It is debatable whether the reforms in emerging and developing markets drive the...
Any Importer wishing to bring in cargo into the country may do so through air, ship, and road or multi...
While improving business processes, it is essential that one document the process as well as any improvements made to it....
Supply chain operations and network extend beyond domestic boundaries and global boundaries of all countries. A logistical exercise originates at...
What Do Recent Events Indicate About How India Inc. Has a Diversity Problem? It is a well known fact that...
The recent report by the World Bank about doing business in India places the country at 130 among the nearly...
ERP systems are complex, time consuming and expensive. Instances of failure of ERP projects abound including some high ticket failures...
Publish Date: Nov, 2018 The Double Whammy of Unemployment and Austerity The situation in Europe and the United States is...
The famous author and cheerleader for globalization, Thomas Friedman, in his book The World is Flat identified some key drivers...
The Indian pharmaceutical market is huge, and drugs worth billions of dollars are manufactured and sold every year in India....
What is Due Diligence? Many of us would have heard the term Due Diligence in various contexts and situations where...
Introduction In layman’s term, e-procurement is nothing but electronic data transfer to support operational, tactical and strategic procurement. E-procurement has...
The Recently Published Ease of Business Rankings The news that India jumped 30 places in the Ease of Business Rankings...
In the beginning of 2019, America has been hit by a weather phenomenon known as the Polar Vortex. This phenomenon...
The 21st century is also known as the information age. The biggest companies in the world today sell nothing but...
Cape Town has been in drought for three years. The situation is the same across most of South Africa. Other...
In 2016, Turkey faced an attempted military coup. The coup was supposedly orchestrated by a US citizen of Turkish origin....
The small island nation of Sri Lanka now finds itself in the throes of one of the deadliest terrorist attacks...
Boeing Corporation which is headquartered in the United States is one of the biggest names in the airline industry. When...
The airline industry is one of the most competitive industry in the entire world. A large number of incumbents in...
Drugs have been a moral menace to many societies for many years. Right from the time, the British East India...
The modern human society is hooked on electronic devices. As a result, there is an ever-increasing stream of televisions, computer...
Tesla is the company that has propelled Elon Musk from obscurity to stardom. It’s hard to believe that the redundant...
Administrative costs form a major portion of the cost structure of any health care provider. In the case of the...
Ecosystem of Services Any business in order to function and grow needs an ecosystem of suppliers, vendors, and infrastructure that...
The automobile industry all over the world is facing an unexpected challenge. Diesel vehicles which were the star performers in...
Data can be described as the backbone of any six sigma project. This is because the whole idea of six...
Almost all startups being funded nowadays have an online business model. This is the reason why they appear to be...
There is a proliferation of electronic payment systems in the 21st century. Debit and credit cards have become the norm,...
In recent months, all of us have heard extensively about the “war on cash”, the move to make India and...
In previous articles, we looked at the humungous benefits that the BPO phenomenon brings to the economies of the host...
Disaster Recovery and Business Continuity plans help Organizations stay on the course, minimize their risk to business operations and limit...
Drawing up a good Disaster Recovery plan and a Business Continuity plan involves the senior management of the Organization as...
In the business world today, every customer expects Organizations to walk the talk. Being sensitive to customer expectations and to...
Disaster Recovery and Business Continuity plans if well planned and implemented can help mitigate risks and loss to the business....
Disaster Recovery and Business Continuity have become an integral part of the ongoing business process with most of the Organizations...
When we talk about Disaster Recovery and Business Continuity plan for any business or organization, we need to necessarily plan...
When and if a disaster strikes any business operation or organization, what helps the Organization to deal with the crisis...
From Oxcart to Wal-Mart As more and more international retailers make a beeline for emerging markets like India, China, Nigeria,...
Is it Necessary to Discontinue Policies of the Predecessors when Governments Change? You might have read in the news about...
Organizations are decision-driven. The success or failure of each decision impacts a company’s strategy directly or indirectly. If organizational decision...
Why the Left in India is facing an Existential Crisis? The recently concluded General Elections in India all but cemented...
The next step in the Six Sigma journey is to have a clearly defined problem statement that will guide the...
Immediately after receiving the initial information about the Six Sigma Project, scoping begins. Scoping is usually the first task done...
Well Defined Scope of the Project: A well-defined scope of the project is perhaps the most important deliverable of the...
Forecasting For an organization to provide customer delight it is important that organization can understand what customer wants and how...
Demand Planning: The objective of this function is to create a demand plan, based on historical sales data. The demand...
The Indian Economy which was billed as the “fastest growing major economy” in the world and the “only bright spot”...
The business intelligence tools or decision support systems aid decision making in an organization. An effective DSS provides you with...
The effectiveness of a computerized system or a software platform depends on its user interface design. Be it a routine...
The first step in the measure phase of a six sigma project is to create a detailed process map of...
The Six Sigma philosophy believes in statistical facts. There is no room for error and therefore there is no room...
Control is all around us. We control the household appliances, the time schedules we follow and such mundane tasks of...
The mention of the Measure phase of the Six Sigma module brings into mind pictures of statisticians performing complex operations...
The Composition and the Reporting Structure Any Six Sigma Team usually has 7 types of personnel and a three layer...
Six Sigma is a data-based methodology to improve performance by reducing variability. It requires thorough understanding of product and process...
Definition of Supply Chain Management If you go to a Supermarket and pick up a few items off the shelf...
To understand the meaning of “Total quality management”, let us first know what does Quality mean? Quality refers to a...
We often hear the word globalization in many contexts and repeated frequently as a concept to denote more trade, foreign...
A data collection plan is a detailed document. It describes the exact steps as well as the sequence that needs...
Ever since the internet has been invented, the world has become a global village. This means that at the present...
The method which is adopted to collect the sample obviously has large implications on the conclusions drawn from that sample....
Data Security in the News for All the Wrong Reasons The issue of data security has been in the news...
The shape of the data determines the type of tools that can be used to draw conclusions from it. Here...
Introduction One of the critical components in the information technology age is the data. Data is the source of all...
One of the most important purposes of development of computer systems was the database application which could have been used...
Information Technology is the application of computers and techniques to restore retrieve and manipulate data often within an organization. To...
What is De-Risking ? Outsourcing is a process that involves selection of vendors who would then do the necessary work...
There are various ways in defining an Enterprise Resource Planning System. This is how it has been defined by American...
In the contemporary scenario of modernization and globalization, organizations heavily rely upon technological advancement and innovation in the field of...
Introduction In today’s information and communication age, there is a constant reference to information systems and management of information systems....
Intellectual Property Rights (IPR) safeguard the creations of the mind, offering legal protection to inventors, artists, and businesses for their...
With the globalization of the world economy, there has been a concomitant rise in the number of companies that operate...
International trades between countries and across continents have existed for centuries including previous civilizations. Traditionally international trade consisted of traded...
In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key...
In customer centric business environment, it is critical to have an effective plan to manage production capacity, materials availability and...
Introduction The very essence of any business is to cater needs of customer by providing services and goods, and in...
Project Management is the art of managing all the aspects of a project from inception to closure using a scientific...
What is the American Dream and why was it so Good while it Lasted? For a long time, the United...
Agriculture is a prehistoric occupation. In fact, it is said that human beings only started building civilizations after they discovered...
Cross Border Mergers and Acquisitions Cross border Mergers and Acquisitions or M&A are deals between foreign companies and domestic firms...
How Culture Impacts Cross Border Mergers and Acquisitions With the advent of globalization, it has become common for western multinationals...
Carlos Ghosn is a 64-year-old French citizen who is the head of three major automobile companies viz. Mitsubishi, Nissan as...
The Rise of Populism and Protectionism The election of President Trump represents the cusp of the current wave of protectionism...
International trade is regulated through tariffs and trade laws established by the Country’s Federal Governments to control the imports and...
Any Organization that is engaged in Imports or Exports would require the services of third party Customs Clearance Agent as...
Customs Departments are the government designated authority to implement the policies related to import and export, collect customs duties and...
International Trade is facilitated and controlled by Countries with the help of Foreign Policy, Export Import Regulations, Schedule and Tariff...
When it comes to good decision making, relying too heavily on automatic decisions stemming from perception or depending too much...
Modern day world is extremely complex and interwoven with a lot of variables and uncertainties. Managing businesses is extremely tricky...
Correlation analysis is a vital tool in the hands of any Six Sigma team. As the Six Sigma team enters...
Human Resource Information System (HRIS) often described as Human Resource Management System, in the present scenario can serve as a...
The costing module is one of the important controlling modules which enables effective internal cost control and accounting. All functionalities...
Prior to the introduction of Six Sigma philosophy, there was a debate as to whether Six Sigma is a goal...
Types of Costs The following are the costs associated with the projects. Direct costs Any costs that are directly attributable...
Tax Evasion vs. Tax Avoidance Tax evasion and tax avoidance are often used interchangeably. However, there is a huge difference...
In the past few years, technology companies have been driving the boom in the financial markets. The FAANG companies (Facebook,...
Credit rating industries are part of a closely held industry. For years, this has worked in favor of these agencies...
The SIPOC Chart, being one of the fundamental documents of any process improvement project must be developed in such a...
The American politics is heating up in anticipation of the 2020 Presidential Election. Democrats are unveiling what appears to be...
Incompatibility Creates Problems Developments in IT have created more problems than solutions because of the “incompatibility” among the various parts...
Events: Events are the conditions which must exist for the process to be performed. It is something that happens as...
Introduction The concept of the value chain was introduced by Michael Porter. The concept helps categories’ activities undertaken by enterprise...
The Six Sigma project is not complete until the concerned personnel who have to operate the process have the know-how...
ERP systems were developed based on generic need of various types of organizations, belonging to diverse business segments and further...
Polar opposite to the concept of Business Process Re-Engineering is the concept of continuous improvement. It was developed by the...
3PL Logistics Service Providers are many in the market. There are players from Multi National background, regional players, local companies...
Warehousing Costing methods vary with the business models. While some warehouses using common shared facilities may be worked up based...
Warehousing and Contract Logistics forms an important part of Supply Chain Networks. Contract Logistics projects are of two kinds. The...
Outsourcing of core Logistics function of Warehousing is fast becoming popular not only for Multi National Companies with global operations...
In any project involving outsourcing of warehousing operations, setting up a Distribution Center or Managing Plant logistics, if the project...
Supply Chain Activities constitute multi-modal transportation, customs clearance, and warehousing activities in one or more locations in the entire network....
To function efficiently any organization has to achieve “homeostasis”. This word is used to describe the state of affairs wherein...
The Surging Protectionist Sentiment There is a surge of protectionism and populism worldwide. From President Trump’s Protectionist Rhetoric and his...
Technology has started impacting all businesses. The restaurant business is no different. Earlier, restaurants used to be low tech and...
The project begins when the top management assigns responsibility to the Project Champion. The Project Champion usually delegates the task...
Introduction Information systems can be defined as set of co-ordinated network of components, which act together towards producing, distributing and...
Globalization has not only expanded the product markets. It has also made organizations geographically more dispersed. Therefore, the way the...
Communications planning involves identifying the information and communication needs of the stakeholders. This includes determining what needs to be communicated,...
The biggest ever trade war is underway. China and the United States, which are the two largest economies in the...
Inventory means an item of value and asset in the books of the Company. This is the most important category...
The Importance of Healthcare and Examples from around the World Health and Education are social sectors that need governmental support...
The Voice of Customer may sound like a simple exercise. However it would be safe to say that reading at...
Why are Indian Corporates struggling? It would be an understatement to state that Indian Corporates are struggling. Saddled with huge...
Every Christmas, Apple plays to the gallery where all Americans and the rest of the Apple fans across the world...
An ERP system is a process and not an end in itself. Perfunctory Implementing of ERP system will not boost...
Introduction The last decade has shown rapid development in the information technology and its application. This has helped changed the...
The Changing Nature of Capital Allocation and Capital Expansion With the Digital Age well and truly upon us, the changes...
Converting Data to Information: The goal of a six sigma project is not to produce an overwhelming amount of data...
A check sheet is a simple tool that was once a part of the seven basic tools of six sigma....
The Chinese government has given a major shock to companies selling electric vehicles in the country. China has announced a...
North Korea has always been perceived by the world as a rogue nation. Their aggressiveness became even more apparent when...
How, China Known as the Factory of the World Is Losing Its Seen Due To the China plus Strategy China...
China and Taiwan were once part of the same nation. After World War 2 ended, the Chinese political scene was...
China has surprised the global gaming community by starting a full-fledged crackdown on the gaming industry. The Chinese government has...
China has been the fastest growing economy in the world for the past few decades. The Chinese economy continued to...
Traditionally China has been one of the red states. This means that China traditionally adopted the policy of communism. Hence,...
Chinese firms were seldom thought of being anything apart from copies of their western counterparts. The snobbish inhabitants of Silicon...
Just like there are many types of discrete data charts available, there are also many types of continuous control charts...
If the data type that needs to be charted is discrete, then it must fall between one of binary or...
The Global Race Between Cities for Investments Cities worldwide are in a global race for investments and this is being...
As we have seen, Six Sigma is an elaborate methodology. It requires time to learn and even more time to...
Capability Maturity Models When organizations want to be certified for their quality or operational excellence, they usually turn to quality...
The production system design planning considers input requirements, conversion process and output. After considering the forecast and long-term planning organization...
The rapid advancements in technology have changed the fundamentals of many industries. The increase in connectivity, as well as digitalization,...
Export credit agencies are quasi-government agencies. These agencies are usually backed by government institutions. This means that they are under...
The Green New Deal proposal announced by Alexandria Ocasio-Cortez suddenly became a talking point in American politics. The United States...
What is Aadhar and why it can be Transformative to India? Not a day passes without Indians being reminded of...
Takeoff from Modest Beginnings: The Evolution of the Indian Aviation Sector The Indian Aviation sector is poised to take off...
Many of you would have read about the dramatic events of the last two days pertaining to the Indian IT...
Introduction Most of us would have heard of the globally famous Investment Banks such as Goldman Sachs, JP Morgan, and...
From Maruti to Mercedes: The Evolution of the Indian Automobile Industry The Indian Automobile Industry has come a long way...
The Paradox of the Indian Healthcare Sector For a country that prides itself on being a welfare state that looks...
From Snake Charmers to Mouse Charmers: The Changing Perceptions about Indian IT It would not be an exaggeration to say...
The Mobile Revolution has Transformed Indian Society and Economy When compared to the other sectors that flourished in the post...
Cash management module provides information relating to cash flow of the organization, by processing and analyzing all cash and bank...
The purpose of measurement system is to validate the measurements before they are considered as factual data and used as...
It is a fact that India has been at the forefront of the BPO/Services revolution and its firms have garnered...
Introduction The word analytics has come into the foreground in last decade or so. The proliferation of the internet and...
Why Data is the New Oil Data is the New Oil, proclaimed, India’s Richest Person and the one of the...
Now that we have the problem as well as the goal statement handy, it is time to ensure that these...
Managing Business operations in current times is a big challenge. Apart from having to keep looking at the bottom lines...
The legendary founder of Infosys, N R Narayan Murthy once when asked what his greatest challenge everyday was replied that...
In these turbulent times when the business environment is characterized by uncertainty and fraught with risks of all kinds, companies...
We all need the support services that we often take for granted to be available to us 24/7 and whenever...
In the last decade or so, the threats to the working environment of companies have multiplied ranging from 9-11 type...
Introduction Business intelligence is an important to ensure the following: Various decision-makers and analyst have a direct and un-interrupted access...
Introduction The current business environment is constantly evolving. The global economic scenario is providing opportunities as well as challenges. The...
Investors just can’t seem to get enough of Amazon. Even though Amazon is already the world’s fifth-largest company, investors believe...
Business Process Improvement programs are the favorites with most corporate Organizations which use it as a tool to help change...
Business Process Improvement project happen to be the most effective tool to bring in effective process and operating efficiencies in...
Business Process Improvement has gained ground in all sectors of business as an on-going program that is implemented from time...
Business Process Improvement exercise is undertaken by organizations to improve their operational efficiencies, to remove redundant processes, eliminate wastage as...
Business Process Improvement projects are undertaken by Organizations from time to time to improve their internal performance and operational efficiencies....
Introduction Organizations are very similar to living Organisms. They too go through a definite life cycle and different stages of...
Business Process Improvement Projects have become a common tool for Organizations to help review their business operational processes from time...
Development of Global Business Organizations, Multi National Corporations and the Corporate has always found a lot of academicians as well...
Although IT has been touted by the experts as being the bedrock of next generation of business in which large...
The Wealth of Nations by Adam Smith is perhaps one of the most influential books on Economics in all history....
In previous articles, we talked about how the ongoing global economic crisis coupled with domestic pressures affect the outsourcing of...
The main drivers of the BPO phenomenon are globalization, economics and geopolitics. To elucidate, ever since the global economy started...
In recent years, the term Business Process Outsourcing or BPO has gained prominence and the trend of outsourcing back office...
Organizations depend upon Business Process Improvement to make changes to the internal operations in order to drive efficiency in the...
Hammer and Champy’s concept of Business Process Re-Engineering depends on harnessing technology to optimize processes as its main driver. To...
Enterprise Resource Planning (ERP) and Business Process Re-engineering (BPR) evolved almost at the same time i.e. 1st half of 1990....
Managing businesses in highly competitive environment and in global scenario is highly complicated. What has made the global giants like...
Organizations world over have realized the need for re-structuring themselves and adapting business processes to be able to survive in...
Chaos, Complexity, and Change The world is in turmoil. Whether it is the Eurozone debt crisis, the ongoing recession in...
Demographic Dividend We often hear the term, demographic dividend being bandied about in the media and in books. However, not...
Call Handling Proper operation of a help desk is an essential component of proper servicing and resolution of problems. Service...
During the election campaign in 2016, Donald Trump repeatedly stated that he planned to run the government like a business....
The immigration conundrum has been at the center of all political campaigning in the recent past. Voters in all developed...
Canadian Prime Minister Justin Trudeau is often seen criticizing American President Donald Trump for his protectionist trade policies. Trudeau has...
Canada is a developed western nation. It does not get nearly as much attention in the world media as it...
The movement to ensure the legalization of cannabis has been going on in many parts of the globe. Even in...
In modern times, the Business Rules are changing every day. Every Business, be it a Product or a Service, changing...
Business Process Improvement Projects have become a way of life with every Business Organization where they initiate these projects to...
Business Process Improvement provides an excellent opportunity for Organizations to overhaul their existing operations, to increase efficiencies, eliminate wastage as...
Using Gateways Gateways can split your processes into multiple paths. This is because the path which the process will take...
In recent years, the BPO phenomenon has accompanied the increasing globalization of the world economy and has spawned a shift...
In previous articles in this module, we have discussed how the BPO sector has evolved and some future directions for...
Abstract The global economic crisis of 2008 brought home to the global investors the stark truth that they need to...
Embracing Business Process Improvement program is the ideal way for Organizations to make that leap to the next level and...
Decision support systems are now widely used in organizations and military across the world, helping decision makers apply analytical, statistical...
“Knowledge should be shared. It only grows by sharing.” This phrase finds its importance in today’s highly competitive and economically...
As the name itself explains, a model-driven decision support system utilizes a model to solve problems or aid in decision...
Problem solving and knowledge management go hand-in-hand. Together they have become one of the most important aspects of organizational decision...
The Indian government has been facing several cases of fraud every year. There are many chit-fund schemes like the Saradha...
Indian Economic Growth: Hype versus Reality Much has been written about how India is on the cusp of achieving double...
There are several models of behaviour that the project manager can draw upon in his or her work. These include...
Anything That Goes Up Has To Come Down! The Big Tech Meltdown and Its Causes and Consequences Once considered the...
Why Banks Embrace IT and Automation We live in a digital age and hence, no institution of the global economy...
The Need for Automation of Healthcare Activities There are many benefits to healthcare providers through automation. Not only will the...
In previous articles we have seen how the BPO phenomenon benefits the Western countries (US, Europe etc) by slashing the...
President Trump has brought the issue of buying local to the forefront once again. He is enacting laws in support...
Foreign Investment is more stable than fund inflows In recent years, “hot money” or speculative capital has flown into many...
Bidding is an essential and vital aspect of project management. Not only do the organizations and the project managers have...
What is Analytical Hierarchy Process (AHP) ? Analytical Hierarchy Process (AHP) is a mathematical tool of problem solving that has...
Continuous analysis of organizational decision-making process is essential to high quality and transparent decisions; otherwise a business runs with a...
Apple Inc. which is the most valuable company in the world is known for selling high tech products. Over the...
There has been a conspiracy theory amongst Apple iPhone users that Apple slows down the performance of the older phones....
Apple Inc. is the largest company in the world today. In Aug 2018, the company became the first in the...
Are Indian Start-ups and eCommerce Firms Living in Fantasy Land? It is a well known fact that India is a...
Whoever Controls the Narrative, Wins Look around and watch what is going in the world around us and you would...
How Women Leaders Were More Effective Than Their Strongmen Counterparts The Covid 19 Pandemic has taught several lessons. Right from...
The Argentine economy is no stranger to economic crises. The country saw a massive financial crisis with the currency almost...
Planned obsolescence is often considered to be a part of the capitalist ideology. The supposed logic behind planned obsolescence is...
What is a Project Charter ? A Project charter is a 5 to 6 page document which collects all the...
One of the major financial functions is the management of fixed assets. Asset management module primarily maintains asset register, which...
Family owned businesses have been the norm from the time of the industrial revolution and in fact, they were the...
Any student or professional wanting to understand more about Imports and Exports would have to understand the history and economic...
The Harvard Business Review in 1992 took the business world by storm when Kaplan and Norton introduced the idea of...
Historically, Bangladesh has been one of the most impoverished regions in Asia. The 1971 war of independence left Bangladesh with...
Shock of Gray The term shock of gray refers to the phenomenon of the western societies having older people as...
Introduction An organization can finalize its business plans on the recommendation of demand forecast. Once business plans are ready, an...
How Algorithms Rule Our Lives and Whether That is Necessarily a Good Thing We live in the Age of the...
Now, since we know about the different types of processes that an organization has, it is essential that we understand...
Introduction In the digital age, information technology plays an important role in the success of an organization. Technology provides edge...
Analysis To start with, Amazon’s SCM has a strategic fit with its competitive strategy of being the retailer of choice...
Jeff Bezos, The owner of Amazon has become the world’s richest person with a net worth of over $100 billion....
The American federal debt problem is well known. There are famous debt clocks which are tracking the increase in American...
China ambitious Belt and Road Initiative has attracted the attention of many economists worldwide. Many of these economists believe that...
Marketing Research
While Freight Forwarding is an important function of 3PL Service providers to facilitate the Supply Chain, another equally important function...
Global business models are rapidly changing. Shorter life cycles of products and new business need exert pressure on Supply Chain...
DBMS today enjoys one of the most important positions when whole IT Structure of an organization is kept into perspective....