Archive for the ‘Management’ category

Taking Charge In Running An Efficient Business

December 5th, 2011

Who is in charge of making your company run as efficient as possible? Is there anybody that’s looking into making it run faster and smoother and more efficient? Maybe there is not anybody looking at those things. It has become a buzz word recently, but it isn’t anything new. Of course with the downturn and the slow recovery in just about every sector and quadrant of business and service and manufacturing over the past few years, people have started paying closer attention to these buzz words.

Companies and organizations that were already using these types of practices generally had an easier time getting through these downturns in the market and were more prepared to deal with the ups and downs that it brought. They were running without a bloated staff and so when things got slower, they weren’t burdened with all of the extra labor and payroll that was weighing down other companies.

For men and women that are still moving forward, that have survived these rough times, it’s not too late to look at these lean practices as a way of moving forward and positioning yourself and your business for the future. It takes some work, it’s not an easy fix that happens overnight and you can’t just turn on a switch to make it happen. It takes hard work, good planning and a heck of a lot of dedication. But more than that, it takes a heck of a lot of discipline.
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Using Six Sigma Statistics for Quality Management

December 5th, 2011

The six sigma strategy is all about defining standards or thresholds which have to be reached in order to attain good quality levels. Once these Six Sigma goals have been set, it is important to make them clear to all the employees involved, so that each and every one will be properly directed towards the common achievement of such objectives.

Careful measurements and supervision are important control aspects which are put in place in such a system. The data and the results attained are then measured and compared to the previously planned goals. They are analyzed so as to see whether the quality goals were attained or not. If positive results are acquired, then it is important to make sure that these are maintained. If not, improvements have to be made.

An inherent part of this process is control, and this can be achieved by means of statistical control mechanisms. In fact, Six Sigma statistics can prove to be very helpful and effective if properly utilized. Various statistical data is computed so as to ascertain which scenarios are best, or the most feasible.
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Money Matters on Business

October 29th, 2011

There are various kinds of business expenses that depend upon the nature of business. Certain business activities like auditing and consultation services incur lesser expenses compared to businesses that are engaged in manufacturing and trading.

You can increase your profit or bottom line in two ways. First, by increasing income generation activities. Second, by cutting down on expenses particularly on overhead expenses.

Reduction of business expenses is not a difficult job. For illustration purposes, let us assume that we are discussing about a company that is engaged in selling of goods.

The major expenses of a trading concern are as follows:

1. Purchase of stock
2. Payment of freight charges for bringing the stock
3. Payment of wages and salary of employees
4. Electricity and water charges
5. Telephone and internet access expenses
6. Discounts given to customers
7. Advertising and marketing expenses
8. Payment of different kinds of taxes to government
9. Transportation and stock delivery expenses
10. Office supplies
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