Articles

The Importance of Ethical Behavior in Human Resources Management

Human resources (HR) management is a vital function within any organization. HR professionals are responsible for finding and hiring talented people, training and keeping them, managing employee benefits and pay, and ensuring the company fo [...]

Problem Solving - Root Cause Analysis

INTRODUCTION:This is the third article of three (3). The titles of the three (3) articles are: THE FIVE (5) STEP MODEL; BRAIN STORMING METHODOLOGY; ROOT CAUSE ANALYSIS. The third and final article in this series focuses on the ROOT CAUSE AN [...]

The Importance of Ethics in Accounting: Why It Matters

Accounting is an integral part of any business because it involves keeping track of and making sense of financial information to help make decisions. However, the credibility of financial information depends heavily on the ethical conduct o [...]

The Role of Purchasing in the Accounting Industry: An Overview

Buying is a significant part of an organization's daily accounting. Purchasing is about getting the goods and services an organization needs to run well. Buying something is a complicated process that involves a lot of different people and [...]

Understanding Human Resources: The Fundamental Principles and Functions of HR Management

Human resources (HR) are essential to any organization because they manage its most valuable asset: those working there. HR management is a wide-ranging job that includes finding, hiring, training, and keeping employees to reach its goals. [...]

Brain Storming Methodology

INTRODUCTION:This is the second article of three (3). The titles 0f the three (3) articles are: THE FIVE (5) STEP MODEL; BRAIN STORMING METHODOLOGY; ROOT CAUSE ANALYSIS. The second article focuses on the BRAINSTORMING application.BRAI [...]

Problem Solving - The 5 Step Model

INTRODUCTION:This will be the initial article of three (3). The titles are: THE FIVE (5) STEP MODEL; BRAIN STORMING METHODOLOGY; ROOT CAUSE ANALYSIS.STRUCTURE - TEAM CREATION:This is one of the first factors in doing problem solving.EMPLOYE [...]

3 Ways to Boost Communication Effectiveness

I read an interesting yelp review of a medical professional the other day. The reviewer said the medical professional was competent, but “had all the personality of cardboard.  ”Rating? 1 star!Essentially, the reviewer was making a com [...]

Global Procurement Best Practices - Risk Management and Inventory Optimization

RISK MANAGEMENT:There is much literature existing about RISK MGT. However, I have found the following to be useful in providing a concise view of such:RISK is a potential situation for unwanted negative consequences from various eventsRESIL [...]

Global Procurement Best Practices - Procurement, Cost and Leveraging Technology

PURCHASING and COST:There are various costs associated with Purchasing – directly or indirectly incurred:Purchasing Process cost factors:Acquisition costCreate a PO, review & approvalProblem resolution, expeditingReceiving and inspectio [...]