KANBAN: Definition, Process, Principles, Practices, Advantages & Disadvantages

Kanban Methodology

Kanban is a framework that takes place under the Agile methodology. It was formed in the late 1940s by a Japanese engineer named Taiichi Ohno. The agile Kanban Framework concentrates on visualizing the whole project on boards in order to increase project transparency and collaboration between team members.

What are Quality Standards?

Quality management

Quality standards are sets of good management operations, methods, systems, requirements, and/or specs set up by industry advisory groups to help manufacturers achieve and show consistent production and product quality.

What is Asset Management? Definition, Asset Life Cycle, Types & Softwares

Asset Management

Asset management is a system that helps companies to keep a record of all their assets, such as instruments, machinery, and expenses. Keeping tabs on the assets helps streamline operations. The process also reduces the possibility of recording ghost assets, since all the assets are well accounted for.

Purchase Price Allocation (PPA): Definition, Components, Example, and PDF

Purchase Price Allocation thumbnail

A purchase price allocation is primarily involved in accounting purposes, but it also gives a useful evaluation of the components that make up goodwill. In this process, the purchase price was allocated to all the tangible net assets, such as working capital and machinery, with the rest allocated entirely to goodwill. Definition Purchase price allocation … Read more

What are Mergers and Acquisitions? M&A Definition, Example, Types, Forms, and Transactions

Mergers and acquisitions

Mergers and acquisitions are transactions of shifting ownership between two companies, wherein a merger is a fusing or combining of two companies and acquisition is one company acquiring or buying another. The ultimate goal of mergers and acquisitions is to create synergy, which typically makes the two combined companies worth more valuable than the two separate companies. 

Communication Skills – Importance and Examples

Communication skills

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.

Roles of Financial Manager

roles of financial manager

Roles of financial manager : A financial manager is a person who takes care of all the important financial functions of an organization. The person in charge should maintain farsightedness in order to ensure that the funds are utilized in the most efficient manner. His actions directly affect the profitability, growth, and goodwill of the firm.