Tracking operational metrics is an excellent place to start to keep watch on how your business is running! What gets measured, gets managed; but, what should you measure? There are many operational metrics that you should be measuring to enhance operations and keep your business working. Read on to find out what operational metrics are uses to run a business?
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Purchasing Procedures provide vendor selection and purchasing controls that assist in managing cash flow and providing quality inputs to the company. To make intelligent purchases, you must get the right quality and quantity of materials from the best vendors, at the best price, and at the right time. What are the basic purchasing procedures for the procurement process? Continue reading What are Basic Purchasing Process Procedures?