In the previous post titled ‘Bargaining Power of Suppliers – What Does It Mean for Your Business,’ we saw what bargaining power of suppliers meant and what causes it. In this post, we’ll look at some ways in which organizations can safeguard against and reduce this power. Backward integration: This
Salespeople have one of the toughest and most challenging jobs in any company. With daunting targets and demanding bosses on one side and customer expectations, whims, and tantrums on the other side, salespeople have to find a way of balancing the two and delivering results that augment the bottom line.
In a post a couple of weeks ago, we told you how right business intelligence can drive the company’s critical decision making. Even though many organizations realize the value of informed decision making and actionable insights, many of them balk at the idea of deploying an analytics application at their workplace.
An audit trail, as the name implies, is simply a formal examination, inspection, and verification of a path taken. In the case of a Document Management System (DMS), trail refers to the path followed by the document across its lifecycle. Take the example of a simple publishing process. In a
Employee travel and expense, when managed efficiently, has the potential to save the organization hundreds of thousands, even millions of dollars. However, most organizations still use outdated traditional practices when managing travel bookings, expense reporting, or expense reimbursement which makes the process cost and labor intensive, error-prone, and cumbersome. In
We don’t have a reliable way of tracking our employees’ time and attendance. Our employees are taking advantage of this situation by coming in late and going out early. Buddy punching is a major issue at our office. We don’t know how to get rid of it. Maintaining and compiling
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