Business in brief library

Operations Techniques

Analogous Forecasting Method

Analogous Forecasting Method

Analogous forecasting in project management involves estimating project timelines, costs, or resources by comparing them to similar past projects. This technique relies on historical data to make informed predictions, offering a quick and straightforward method for planning, especially when detailed information is limited.

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Backsourcing

Backsourcing

Backsourcing describes the process of when a firm recalls back in-house the services that it previously outsourced to another company. Clearly identifiable implementation stages are provided and potential risks and drawbacks are discussed.

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Balanced Scorecard

Balanced Scorecard

This concept offers a practical guide to using the Balanced Scorecard and is designed to assist executives to benefit from this strategic management technique.

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Benchmarking

Benchmarking

The concept will help organisations to measure current performance levels and identify opportunities for improvement. It explains how to identify strengths, weaknesses and success factors in benchmarking.

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Benefits Realisation

Benefits Realisation

Benefits realisation in project management is the process of ensuring that the outcomes of a project deliver measurable value aligned with strategic objectives. It focuses on identifying, planning, tracking, and achieving benefits throughout the project lifecycle to maximise return on investment.

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Better Outbound Marketing

Better Outbound Marketing

Reach and engage your customers; to grow your business

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Budgeting Processes

Budgeting Processes

This concept describes purposes and uses of budgets in organisations and identifies stages of the 'traditional' budgeting process. It also describes some of the benefits of effective budgeting and assesses some of its limitations.

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Bullwhip Effect in Supply Chain

Bullwhip Effect in Supply Chain

The bullwhip effect occurs when the demand order variabilities in the supply chain are amplified as they move up the chain. The concept is created to help supply chain professionals to effectively counteract the bullwhip effect.

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Business Innovation

Business Innovation

The concept explores innovation and how it can create and capture value for organisations. It will provide professionals with a basic understanding business innovation.

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Business Process Improvement

Business Process Improvement

Business process improvement (BPI) can enhance internal organisational efficiency and change the way organisations function. The concept provides an overview of BPI and describes the process and tasks used to support an organisational objective.

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Business Process Re-engineering

Business Process Re-engineering

The concept describes how to leverage best practices in business process reengineering while avoiding common pitfalls. It also reviews the latest technological and market perspectives.

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Buyer-Seller Improvement Teams

Buyer-Seller Improvement Teams

The concept introduces the notion of buyer-seller improvement teams and discusses the importance of such collaboration for optimising supply chains and new product development.

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Capability Management

Capability Management

Capability management is an effective technique for creating market change and to sustain long-term competitive advantage in fast-moving markets. Learn how to use dynamic capabilities as organisational and strategic routines to deploy and reconfigure your firm’s resources.

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Capacity Requirements Planning

Capacity Requirements Planning

The effective implementation of CRP can dramatically reduce stock levels and improve customer service and manufacturing productivity through better planning. The concept reviews these techniques and suggests what steps can be taken to implement it.

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Cash Flow Statement and Management

Cash Flow Statement and Management

Cash Flow Statements enable managers to properly plan and coordinate financial operations. This concept is designed to assist business owners and managers to recognise how to monitor cash flow more closely and improve internal finances.

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