A manager's responsibility is to get her team to achieve the organization's goals. The four functions of a manager are to plan, organize, lead and control her team. Feedback control is a process that ...

Today many companies recognize the desirability as well as the requirement to have an effective system of internal control. Yet, designing and implementing a cost-effective system of internal control ...

Cost control and reduction refers to the efforts business managers make to monitor, evaluate, and trim expenditures. These efforts might be part of a formal, company-wide program or might be informal ...

In the year 3BC (Before Covid), the transformation I was leading to create a self-managed organisation was viewed by many as idealistic and very exceptional. In the year 1AD (After Disease), with the ...

In my last article I pointed out possible downsides to consolidating control of original equipment manufacturer (OEM) purchasing into a corporate group. The message there wasn’t meant to be that ...

The shift from 12-V supply rails to 48-V power systems is pushing power levels under the hood to new highs. But it opens the ...

Materials management is no longer simply a product purchasing function - it has gone beyond procurement and into analyzing how products are being used and just as importantly, where the products are ...

Most people think about pain as a simple cause-and-effect process. For example, if you touch a hot stove, you probably assume that the nerves in the skin feel how hot the stove is and signals are sent ...