Tag Archives: cost

What’s it Cost to Manage Policies and Procedures?

A manual system of document control — paper documents, logs, change records, manila folders, hanging folders, labeling “systems”, filing cabinets, a manual check-out system (with policies and protocols) — is a lot of work, no question about it. Have you ever thought about what it costs to manage such a system of policies and procedures? To answer this question, let’s look at the three main costs of managing policies and procedures. Continue reading What’s it Cost to Manage Policies and Procedures?

How to Benefit from Freelancers in a Crisis

From CEO and business owner to book authors and managers of specific departments, every employee benefits from hiring freelance experts in the first turn. For freelancers, their jobs are associated with some type of risk as they might lose the work at any time or remain unpaid. However, there are two sides to the coin. Recruiters benefit from using freelance labor for plenty of reasons. Let’s quickly have a look at where to hire freelancers and how you can benefit from freelancers in a crisis.

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What Is the Cost of Poor Quality?

If you are trying to explain the importance of quality to management, then you need to explain it to management using the language of management — costs and return on investment. Crosby described the cost of quality as the cost of nonconformance. Juran, another quality guru, explained it as the cost of poor quality or the costs incurred as a result of poor quality. What Is the Cost of Poor Quality (COPQ)? Continue reading What Is the Cost of Poor Quality?

Why COVID Will Change Business Communication

In the last nine months, we have observed people’s lives change drastically as a result of the COVID-19 pandemic. When offices were shut down, people quickly moved to make room for workstations in their homes. Employees went shopping for office gear to replace their dated equipment such as computer monitors, headsets, mice, and keyboards with modern ones. All this effort was to try and enhance their communication as they work from home. Continue reading Why COVID Will Change Business Communication

What Are the Uses of Cost Accounting Information?

 

Basic Cost Accounting Information starts with cost: a financial measure within your accounting management system defined as resources consumed or acquired in accomplishing a specified purpose such as performing a service, providing a product, or carrying out a project or program regardless of when the resources were ordered, received, or paid. Cost can be defined in a variety of ways depending on the objectives or information desired.  Continue reading What Are the Uses of Cost Accounting Information?

Best Cloud Solutions for Business: Hosted vs. On-Premise vs. Hybrid

To build an on-premise cloud infrastructure or choose a hosted one? Is there a way to get the best of both worlds? Finding the right cloud solution for your business can be challenging. Service technology delivery options vary based on their deployment method. This article explores different cloud solutions and helps you choose the one that meets your needs.  Continue reading Best Cloud Solutions for Business: Hosted vs. On-Premise vs. Hybrid

How to Estimate Startup Costs

In a recent study, nearly 30 percent of business owners claimed their main motivation for starting a business was being their own boss. While being your own boss can be enjoyable, a lot of hard work will go into creating and managing a small business. Continue reading How to Estimate Startup Costs