Zero-Based Budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period, regardless of whether each budget is higher or lower than the previous period.
MBO is defined as a management practise which aims to increase organizational performance by clearly defining the goals and subordinate objectives of the organization that are agreed to both management and employees.
The transmission system is a mechanism that transmits power from the engine to the driving wheels. It transmits power and torque through the clutch, gear-box, propeller shaft, a differential
Air compressor is a pneumatic device that converts mechanical energy into potential energy (Compressed air). Air compressors are used in industries as well as in domestic purpose where compressed air is required.
ABOUT CORONAVIRUS Coronavirus disease (COVID-19) is a highly infectious disease caused by Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2). The first case of this disease was seen in Wuhan, China in December 2019. More than 1.08 million deaths and 37.6 million cases are now confirmed. The current outbreak of this disease was officially recognised as … Read more
What is Productivity? The productivity of a production system is similar to the efficiency of the production system. Productivity may be defined as the ratio of the output of the system to its input.
Improve productivity is the key to improve revenue. So there should be some effective system for measuring organizational productivity. Below are 9 effective way for-How to measure productivity in the workplace?
Breakdown maintenance, also known as run-to-failure (RTF) maintenance, is a reactive maintenance strategy where equipment is operated until it breaks down. Repairs are then performed only after a failure occurs. This approach contrasts with proactive maintenance strategies like preventive and predictive maintenance, which involve scheduled servicing to prevent breakdowns.
Inspection and quality control: Inspection is important to maintain a certain quality during the manufacturing of a product. Quality control is a process by which customer ensures receive product free from defects.
Cost and revenue are the two most important terms in business economics. The target of every business is to minimize the cost and maximize the revenue so that business makes the maximum profit.
