Importance of supplier evaluation becomes apparent if you are to ensure that your supply chain is effective. Think of it this way, your organization exists in a supply network in which there exist multiple tiers of suppliers. Wastage, hidden cost drivers or risks not taken care of, in one level of the network will trickle …
Importance of SUPPLIER EVALUATION in business growth Read More »
A stable supply chain is the basic element of every successful business. An effective evaluation of the suppliers brings about a close working relationship with your vendors, which will in return, enhance a streamlined production process, guaranteed quality products and you will minimize or eliminate supply chain hidden costs. Again it just comes down to …
Communication structure in most work places tend to be formal which is why tying to think of something positive to say about gossip in the work place may be frowned upon. But let’s be real, advantages of gossiping do exist. You just have to ask yourself when did people start gossiping and if it’s such …
A job interview is held with many objectives in mind. For the most part it just depends on which party you ask the question “why a job interview” Some of the objectives of a job interview include: Finding out the most suitable candidate for the job Giving a candidate sufficient information about the job and …
The whole point of being in a business is to make profit then you can choose to do whatever else you want otherwise you are not in business. But the question is always how to become profitable Here are some four areas you can improve on if you are to become profitable 1. How fast …
Bid rigging is one of those cartel behaviors that benefit a few at the cost of the majority in public sector procurement. Truth is when dealing with public funds any mistake will always be reflected in tax payers money. WHAT IS BID RIGGING? A quick internet search will have you know that Bid rigging is a …
Dealing with Bid rigging in public sector procurement Read More »
The difference between an offer and invitation to treat in contracts is important because this is one of those small parts of a legally biding agreement that lets you know if you even have an agreement that can hold in court of law or not. Imagine receiving an email from a client saying they are …
The idea of caring for your neighbor or being reasonable is mostly viewed as social norm or part of what you expect in a religious doctrine or dogma. Does it really have a place in a legal system? Look at this case: Example Lady Nadia went for child delivery at Bado hospital, upon arrival and …
Negotiation is one of those processes that we go through in our life without even realizing that we are doing it. In economics, for instance, it manifests itself as opportunity cost. Think about it, what would you be doing if you weren’t reading this post? How did you decide to not do that and read …
Most of the time when talking to people about business agreements the conversation often ends up being summed up as, “if I didn’t sign anything then we did not have an agreement” which is to say that in the mind of most people, a contract is whatever is signed. Well the truth is far from …
