Controllers at both large and small companies place supply management nearly at the top of the list of areas on which they need to focus. This reflects their response to the economy and the upturn in business conditions. Specifically, it means taking a tougher stand on price increases (more…)
More controllers are working with senior managers to develop a new framework for examining and continuously reducing costs. Under this approach, top managers have decided that cost discipline will be a program, not just an implicit element of (more…)
There are four basic and widely recognized categories of cost reduction:
· Eliminate waste and duplication
· Implement best (more…)
Controlling compensation costs ranks fifth on controllers’ list of where they are focusing their efforts. In this area, it is often best to take a cue from compensation managers who face this issue every day. Nearly half of these experienced professionals indicated that reducing merit pay (more…)
Math is a nightmare for some people especially for them who had limited skill on this. Some this we ever heard that they can’t sleep in the night because they really worry they can’t pass (more…)
Just as every form of investment has advantages, it also has disadvantages. This is as true of real estate as of any other choice. In fact, some of the advantages (more…)
The renewal phase begins with the recognition that your com-petitive strength may have been eroded. It often coincides with a desire to withdraw from the business. You find yourself resisting changes to (more…)
The law requires any person who carries on a business that does not consist of their surname and all their given names (or the initials) to register a business name before the business can trade. Business name (more…)
You are subject to the laws governing negligence toward anyone with whom you do business or who is on your premises. Negligence means lack of due care. When a court is persuaded that an injury was (more…)
When your business is shut down as a result of a fire or flood, you may be protected for loss of property but not for the loss of operating revenue to pay the bills while you rebuild. Similarly, if a partner (more…)