Operation Management

ABC inventory method: What is it and what are its benefits

ABC inventory method: What is it and what are its benefits

The ABC method is the frequent classification used in the management of a certain inventory, whic...

LIFO Method: What is it, Characteristics, Advantages and Disadvantages

LIFO Method: What is it, Characteristics, Advantages and Disadvantages

Sales or services are the engine of all existing businesses, whether small or large. All business...

What is the coefficient of variation and what is its usefulness?

What is the coefficient of variation and what is its usefulness?

The coefficient of variation or coefficient of variation of Spearman is a measure applied in the ...

FIFO Valuation Method

FIFO Valuation Method

For any company it is quite important to know with the greatest precision its Inventory, since, b...

LIFO valuation method

LIFO valuation method

The LIFO valuation method, along with the method FIFO, is an accounting method widely used to kno...

What is Production Control and how to implement it?

What is Production Control and how to implement it?

The production control It is the way to manage and regulate the movement of the different materia...

Functional Strategy (definition and types)

Functional Strategy (definition and types)

Set a functional strategy It is found in the last link of any business strategy and consists of d...

Operational continuity: Importance and definition

Operational continuity: Importance and definition

The operational continuity it is generally approached from the 100% operational perspective of th...

Reengineering (what it is and characteristics)

Reengineering (what it is and characteristics)

The man of knowledge pursues a constant evolution, by nature he seeks answers to the questions th...

Marginal Income (definition, formula and examples)

Marginal Income (definition, formula and examples)

The marginal income is an essential concept in theory microeconomic, used to determine the change...