OBJECTIVES OF MANAGEMENT In this article, you”ll learn the Objectives of management, Importance of management to modern day organization, and differences between Management and Administration. Feel free to leave a comment or questions below. The main objectives of managements are: To get maximum results with minimum efforts for the betterment of employers, employees, and the …
AREA OF CONCENTRATION (AOC) ON HUMAN CAPITAL MANAGEMENT (HCM) Be able to differentiate between each of them with a concrete and eye-catchy definition. Download PDF What is Human Capital? Functions of HCM. Importance of HCM. Objectives of HCM. Qualities of HCM. Define Compensation? Factors that determine compensation. Importance of compensation to employees. What is Man Power …
After reading this article, you will be able to define the term, Human Resource Management, state the components, qualities, policies of the human resource management or manager and the contents of personnel policies. Please share this article on your social media handle. Together we share knowledge. HUMAN RESOURCE MANAGEMENT Human Resource Management can be defined …
In this article, you will learn the definition of purchasing in its simplest form, the objectives and different types of purchasing. Please share this article on your social media handle. Together we share knowledge. PURCHASING What Do You Understand By Purchasing? Purchasing is one of the basic functions common to all organisation. It refers to …
This article is sub-divided into two, Purchasing Cycle and International Purchasing. It is well-detailed and self-explanatory and will give you an insight on what Purchasing Cycle means and the steps involved, also, the meaning of international purchasing, merits and demerits, and the problems of international purchasing. Please share this article on your social media handle. Together …
This article explains in detail what an Organisational Structure is all about and its relationship to purchasing. In this article, Organisational Structure and Purchasing, you will learn the main types of purchasing organisational structure, the various cost associated with holding a large stock of material, and reasons why organisations keep large stocks. Please share this …
This article is focused on STOCK OUT, its definition, the consequences of Stock out, effects of late delivery of materials in a manufacturing company, the procedure for control of surplus and the ways of disposing of left over materials. Please share this article on your social media handle. Together we share knowledge. STOCK OUT What …
Quality and Quality Control are two different things entirely but a better understanding of Quality will help you differentiate between both. This article explains Quality Control in its simplest form. After reading this article, you will be able to define and differentiate Quality from Quality Control, the objectives, techniques and importance of Quality Control likewise …
Hello there! Don’t mix it up Outsourcing and Subcontracting are totally different. Without delay, I explained Outsourcing and Subcontracting in a layman’s understanding. The basic things you will get from this article are the definition of both terms and the reasons and benefit associated with both. GOODLUCK! Please share this article on your social media …
In one of my previous summaries, I talked about Outsourcing and Subcontracting. In this article, I’m going to help you understand what Source Selection means and all it entails. So, if you are still mixing up these concepts (Outsourcing, Subcontracting, and Source Selection) kindly leave a comment below. Source Selection Source selection or Sourcing refers to …
Purchasing Ethics or Ethics in Purchasing goes a long way to decide the fate of any organisation. This article explains it raw and goes straight to the point to explain what Ethics in Purchasing means, the ethical practices, the relationship between purchasing department and other departments and Purchasing as the bedrock of an organisation. Please …
Ethics In Purchasing – What Is Purchasing Ethics? Read More »
Let us talk briefly about the Functions and Qualities of a Purchasing Manager. First of all, I will give you an easy-to-remember definition of who a Purchasing Manager is, the qualities which he or she must or should possess and the functions of a Purchasing Manager or purchasing department. Who Is A Purchasing Manager? A …