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Quote of the Day

“Concentrate your energies, your thoughts and your capital.... The wise man puts all his eggs in one basket and watches the basket.„

Andrew Carnegie

Business Performance Management

Concept Briefing:

Business Performance Management - BPM is a set of processes that help organizations optimize business performance. Business performance management focuses on business processes such as planning, forecasting and human resource management. It helps businesses discover efficient use of their business units, financial, human, and material resources. Business performance management often uses key performance indicators (KPIs) to assess the present state of business, to prescribe a course of action and to set targets for divisions and managers. Balanced scorecard (BSC) is also widely used as a business performance measurement method.



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Six Sigma

Concept Briefing:

A methodology to manage process variations that cause defects, defined as unacceptable deviation from the mean or target; and to systematically work towards managing variation to eliminate those defects. The objective of Six Sigma is to deliver world-class performance, reliability, and value to the end customer. Starting with manufacturing, today Six Sigma is being used across a wide range of industries like banking, telecommunications, insurance, marketing, construction, healthcare, and software.



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Logistics

Logistics is the management of the flow of goods and services between the point of origin and the point of consumption with the aim of having the right item in the right quantity at the right time at the right place for the right price in the right condition to the right customer. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and often security. Logistics is a channel of the supply chain which adds the value of time and place utility.

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30.05.2011. 10:51

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