Author: Sushanta Maiti

Communication

Communication Skills – Importance and Examples

Communication skills are the abilities you use when giving or receiving any kind of information. These skills allow you to understand or be understood by others. These involve speaking, listening, observing, and empathizing. Communication skills help you understand the differences in how to communicate through face-to-face interactions, digital communications (chat, email, text message), and telephonic conversations.

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ManagementIndustrial engineering

What is Operations Management? (PDF included) Definition, Responsibilities, Nature, and Benefit of OM

Operations management is an area of management involved in planning and conducting the process of production and redesigning business operations in the production of goods or services. It requires the responsibility of ensuring that business operations are efficient to use as few resources as needed and effective in satisfying customer requirements.

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EconomicsIndustrial engineeringManagement

What is Financial Management? (PDF Included) Definition, 5 Scopes, Importance, Types, Objectives, Functions, Advantages and Disadvantages

financial management refers to the diplomatic planning, organizing, directing, and supervising of financial undertakings in an organization. It also comprises applying management principles to the financial resources of an organization, while also playing a significant part in economic or budgetary management.

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Industrial engineering

Three-Way Matching: Definition, Components, Objectives, Advantages & Disadvantages |PDF

Three-way matching of vendor invoices is an essential internal control process. Using this process, a company can bypass profit drains from making erroneous, duplicates, or fraudulent payments. It is a method for processing a vendor invoice to ensure that payment is complete and accurate. The primary objective of this process is to save businesses from overspending or paying for an item that they didn’t receive.

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