The challenge of balancing supply chain costs and customer needs is not a new one. But the confluence of a number of trends on both the supply and demand sides has added to the difficulty of achieving a profitable middle ground. Customer expectations are advancing at a quicker rate than ever before, with consumers demanding immediate… Continue reading Supply Chain Issues and Trends
Category: Business Analysis
This is the category for Business Analysts to post articles useful at their work.
Data Science in Business Analysis: Expanding the Analytical Toolkit
Business analysis and data science might seem like distinct fields, but they share a common goal: extracting insights from data to inform decision-making. However, they differ in their approaches and skillsets. While business analysts traditionally focus on understanding business needs and translating them into actionable requirements, data scientists delve deeper into the data itself, using… Continue reading Data Science in Business Analysis: Expanding the Analytical Toolkit
Utilizing Visio Chart in Microsoft 365
In our dynamic work environment, efficient communication and visualization of processes are essential. Microsoft 365 provides a valuable tool, Visio Chart, available in the “Explore all your apps” section, to create flowcharts seamlessly within our system. Visio is a versatile diagramming and flowchart tool that enables users to represent complex information visually. It offers a… Continue reading Utilizing Visio Chart in Microsoft 365
Liquidation of the companies
Liquidation of a company refers to the process of winding down its operations, selling its assets, and distributing the proceeds to creditors and shareholders. This typically occurs when a company is insolvent or decides to cease its business activities. The process of liquidation can be voluntary, initiated by the company’s management or shareholders, or it… Continue reading Liquidation of the companies
3 Financial Statements
These 3 statements are affected by close to every action taken in your Finance & Accounting department π ππππππ πππππππππ (also known as Profit & Loss) This represents everything in terms of what your company is EARNING… as well as what your company is SPENDING. Here are the major sections (and what they mean): REVENUE… Continue reading 3 Financial Statements
Entrepreneur and entrepreneurship development
Entrepreneurship is the process of designing, launching, and running a new business, often with the goal of making a profit. Entrepreneurs are individuals who identify opportunities, innovate, and take the initiative to create and operate a business. Entrepreneurship development, on the other hand, refers to the process of enhancing entrepreneurial skills and knowledge to foster… Continue reading Entrepreneur and entrepreneurship development
Functional Specification Document for Service Pack
OVERVIEW This document provides an overview of the functional specifications for automating the service pack business model at Jobin and Jismi using NetSuite. Currently, the company’s operational setup lacks the capability to precisely monitor monthly working hours, with no provisions for accurately tracking the actual hours utilized. Consequently, the company requires a system integrated into… Continue reading Functional Specification Document for Service Pack
Hofer’s market evolution matrix in strategic management
The Hofer’s Market Evolution Matrix, developed by Charles W. Hofer, is a strategic management framework used to analyze the life cycle stages of products, markets, or business units. It helps organizations understand where their products or services stand in terms of market maturity and assists in making strategic decisions accordingly. The matrix is a 2×2… Continue reading Hofer’s market evolution matrix in strategic management
Environmental analysis in corporate
Environmental analysis in the corporate world is a critical process that involves assessing and understanding the external factors and trends that can impact a company’s operations and strategic decisions. This analysis helps organizations adapt to changing conditions and make informed choices. There are several key aspects to consider in environmental analysis: PESTEL Analysis: Political: Assess… Continue reading Environmental analysis in corporate
Corporate level Strategies
Corporate-level strategies in advanced strategic management encompass the overarching plans and actions that an organization’s top management takes to achieve its long-term goals and objectives. These strategies focus on how the company positions itself in the industry, manages its portfolio of businesses, and interacts with the external business environment. The choice of a corporate-level strategy… Continue reading Corporate level Strategies