systems

Inventory Management Systems {14}

by Edmund V
When running a business, proper inventory management is essential to ensuring financial success. Inventory management may be defined as the overseeing and controlling of the ordering, storage and use of components that a company will use in the production of the items it will sell as well as the overseeing and controlling of quantities of finished products for sale. Smart planning and controlling of inventories in order to meet the competitive priorities of the organization falls in line with inventory management because a business’s inventory is one of it’s major assets. Until items are sold, sitting inventory equates to an investment that has not returned a profit yet; additionally, it may be incurring costs for storage, tracking, and security. Mismanaging inventory includes both shortages and surpluses; both are important challenges to tackle. How does a company properly manage inventory to make the most out of sales? Is it possible to extract other vital information through inventory management? Some companies today excel at performing both of those tasks. read more...

Project Management in Virtual Teams {10}

by Kevin F
Introduction

In the scope of most corporate IT departments, one will find a plethora of projects that are being proposed, currently in progress, and being monitored for their ROI.  This is due to the fact that IT system design and implementation is unique to the needs and priorities of each situation.  As a result, PM, or project management, is an essential skill for anyone who is considering a career in IT.  The emergence of an increasing number of virtual team environments challenges the traditional PM approach, which has initiated an array of new research projects aimed at addressing this issue. read more...