Centralized purchasing encompass grouping of purchasing tasks and specialist functions or services into one serving unit and under unified control. Advantages of concentrating purchasing The advantages of concentrating purchasing in a strong central department with a responsibility of coordinating across Read More …
Author: KNEC notes and Past Papers
Organisation and structures in supply organisation:
Organisational structure can be defined as the pattern of relationships among positions in the organisation and among members of the organisation. Organisation design and structure is concerned with such elements as: The definition and allocation of specific tasks The grouping Read More …
Objectives of Supply Chain Management (SCM)
To maximize overall value generated: The higher the supply chain profitability or surplus, the more successful is the supply chain. The supply chain profitability is the difference between the amount paid by the consumer to purchase the product and the Read More …
Supply chain management phases
SCM has passed through three phases Phase 1: Physical distribution Management – Where manufacturing was handled in isolation & output was pushed to finished goods warehouse Phase 2: Integrated Logistics Management – Operations of sales, procurement, manufacturing, Warehousing, transportation are Read More …
Overview of supply chain management concept
Supply is the willingness and ability of producers to create goods and services to take them to market. Supply is positively related to price given that at higher prices there is an incentive to supply more as higher prices may Read More …
Emerging Issues and Trends in Entrepreneurship
Introduction Trends refer to long term movements in a certain direction. In society a trend describes a direction in the tastes and desires of the general population. For entrepreneurs, trends present an incredible world of opportunities. Once an entrepreneur identifies Read More …
Uses of ICT Equipment
The following are some of the benefits associated with the various ICT tools : 1. The Phone The phone is used to communicate verbally with customers and suppliers. This includes both the fixed line and mobile phones Other than verbal Read More …
Benefits/Importance of ICT to a Small Business Enterprise
A business can utilise ICT in pursuit of its objectives. ICT enables a business to access the relevant information for efficient management of the business. This is in turn leads to; Increased profits, Improved time management, Increase in cost-effectiveness, Increase Read More …
Definition of Information and Communication Technology (ICT)
Information and Communication Technology is an umbrella term that includes any communication device or application. ICT describes a range of technologies for gathering, storing, retrieving, processing, analysing and transmitting information.
Uses of a business plan
A business plan is important for a business because it can be used to: Obtain finances Hire staff Attract partners – To expand the business Guide the business in its operations