Wednesday, August 4, 2010

Importance of supply chain for a successful business

Globalization has forced many businesses to revolutionize their business strategy. Many companies have developed a business model in response to the growing competition and demand called Supply Chain Management or SCM. The SCM is the essential part of any successful business today. It drives the companies to maximize productivity, save unnecessary expenditures and lower down time thereby enhancing their ability to compete in the ever increasing local and international competition.

The effectiveness of the supply chain management will help businesses in assessing their functions against their competitors and the top companies in the market, enabling them to identify the gap to improve their performance. The benefits of the improvement includes regularizing the number of suppliers; quality improvements; slashed lead times; inventory reductions; on-time deliveries; purchasing department cost saving; elimination of process errors; reduced planning and scheduling role and ultimately, reduced costs.

The first step of the supply chain process is to establish a comprehensive plan that reflects that company’s priorities and interests. Align the supply chain management system with strategic initiatives of the company. It is recommended to form a functional group within the business to plan, execute and manage the supply chain. The Group shall consist of the decision makers from various departments of the company and its partners. This will ensure the contribution from major areas of the business to enhance a better communication. The effectiveness of the supply chain group functioning depends on the strategy is sourcing, materials management, logistics, forecast and demand planning, contract management, inventory control, supplier/customer relationship and also to some extent involves corporate governance since the members of this group are the head of their respective areas.

Prepare a detailed list of customer-supplier data base to identify the best supply chain partner for the business. A successful collaborative strategic sourcing initiative not only ensures availability of supplies, but will result in streamlined processes, increased responsiveness and overall cost reduction. Assessing the strategic partners before entering into a deal is a critical factor. It requires input from all functional areas of a business such as finance and accounts, engineering, operations, marketing, maintenance, HSE, Quality assurance and other internal team members. Assessment in the form of certification, quality reviews and audits is the right practice for the effective partnership. Some businesses encourage the involvement their supply partners in their business processes in order to deliver the streamlined processes, improved products and reductions in costs. Always try to maintain a vibrant and healthy relationship with the suppliers, provide a platform for resolving any issues that may arise and actively involve the strategic partners in goals and objectives.

For a successful sourcing, the compliance of contractual terms is very significant. Initially, supply chain group negotiate potential savings during the sourcing process, but in most cases fail to realize these saving to the full extent due to the lack of communication within the organization. Earlier the contracts were dealt by finance or the legal departments inside the organization, but lately these are being handled by the supply chain there by ensuring the contracts are maintained in a central repository.

Since the suppliers are delivering according to the contractual terms, the supply chain group strives continuously to review the inventory and maintain the optimum levels. Holding huge inventory will reduce the working capital and is definitely a loss to any business. Vendor managed inventories (VMI) is an alternate scenario that may be feasible but very challenging. Supply chain should ensure the reduced lead times, fast delivery, smooth logistics etc. This requires more planning and forecasting on demand-supply ratios.

The data acquisition and retrieval is another important task of the supply chain management. A centralized data base is required for timely and accurate management of the entire supply chain process. Many businesses structure their processes based on the technology that they choose. For a successful business the technology should be based on the strategy that best suits the business needs.

Friday, July 16, 2010

Flexitime Working

Organizations have to implement new ways of working styles for an effective and efficient workforce planning. To increase the productivity the organization should make proper use of its resources and especially of the human resources. At the same time the organization should provide employee satisfaction to ensure that employees feel secure working in that organization.

Now-a-days organizations are encouraging flexi-time working for the employees as it provides efficient working and give the employees the required freedom too. Flexitime working is encouraged because the organization get the maximum out put from the employee and the productivity of employee also increases. It helps the employees to work from home or work in shifts or term-time working, or staggered hours or compressed hours working. The flexi-time working is a concept which gives the employees a freedom to work as well as gives them a feeling of ownership within the organization. The organization benefits because the employee is working during the odd hours as well as even hours. The availability of the employee increases so does the output of the employee.

The concept of flexi-time has been developed for employees who have young children at their home. These employees may be at home but they are working from home and they are taking the responsibility of the work as well as their child too. Young women are given special privilege to work from home as they have to look after their children. But many organizations do not encourage flexitime working as it brings down the productivity of an individual. But in most cases companies do encourage flexi-time working because they believe that the employee should be able to give maximum out put in minimum time frame. The employee should be an asset to the organization and not a liability and by giving them flexi-time working the organization gives the employee the freedom of work along with ownership of the work. There are many companies who believed that flexi-time working has led to an increase of expenses in the organization but they have also realized that the concept of flexi-time working keeps the employee loyal towards the organization.

During this global recession many organizations have encouraged its workforce to work from home so that it cut down the expenses of the office. It is easy to maintain the fewer workforces. The workforce gets its flexi-time working and the organization has benefited by cutting down the office expense so it beneficial both ways. Many small and medium size organizations still continue to encourage this concept because they do not have to maintain a huge workforce and the organization expenses are also curtailed. In the global market flexi-time working has been encouraged across organizations as it is more beneficial for organizations than the regular working hours.

Now-a-days organizations are encouraging flexi-time working for the employees as it provides efficient working and give the employees the required freedom too. Flexitime working is encouraged because the organization get the maximum out put from the employee and the productivity of employee also increases. It helps the employees to work from home or work in shifts or term-time working, or staggered hours or compressed hours working. The flexi-time working is a concept which gives the employees a freedom to work as well as gives them a feeling of ownership within the organization. The organization benefits because the employee is working during the odd hours as well as even hours. The availability of the employee increases so does the output of the employee.
Author Resource: Amanda wade

How Can You Stay Motivated While Building a Business?

When you are about to start a business online, you need a little more than just talent and technical skill to stick through the challenges and become a success at the very end. What you need more than anything else is a rock hard motivation that will be constantly fueled by your inspiration and passion.

Once you see your dream, you might be all gunge ho about it and set off to inspire your employees to start following you. But it is easier to lose motivation than to keep it forever, and some days you will be completely in the dumps and feel like being depressed. This is really a kill joy since you need motivation to be charged up and stay faithful to your dream and work.

You need motivation because it is the only thing that will keep you at your work through failures at all, and unless you are a self motivator, more than often you would become lazy and thus lose your vision.

So what can you do to stay motivated? There are some answers below:

1.You have to have business buddies: you should surround yourself with people who are all about the “can do” attitude. You must find other business partners who share similar interests like you but are not your competitors. You must be able to learn how to build new perspectives from them all, and then utilize them to come up with different and better solutions. They must be able to remind you why you are in this business, and thus build your motivation.

2.Share your expertise for the maximum effect: you need to be respected and admired in order to feel wanted. For that you must share your knowledge and wisdom with your business friends. You must try to help out community groups or your neighbors. They will take notice of you and be interested in your affairs. They will recognize you immediately and you will feel like you are in the limelight. This is how you will be able to garner more and more clients for your business, and they will learn to trust you. The more accessible you are, the more clients you will get.

3.When you start out, assure them that you mean only business and you are an ace at your job. Always check and recheck to see that you give them only the best products and keep them satisfied.

4.When you start out, you should not spend money on the latest gadgets thinking that you will be able to make more money with them. Work with your old stuff and keep on making money. Only when they break down completely should you make new investments. This way, you will not run into any unnecessary debts.

Sometimes, the hardest thing is to take the first step. You will always be full of doubts. But once you take the plunge, there is no looking back. As long as you are motivated to see through your failures and keep on trying, good things are just bound to happen.
Author Resource:- Simon Johnnson

Monday, July 12, 2010

The world of Treasure

The world is full of hidden treasure. Buried under the ground, hidden away in secret places or locked away in tombs.Those treasures are waiting for somebody to find them.
The rulers of early civilization liked to own lots of precious metals, jem stones, gold jewels and unique collections. All these precious items made them feel special. But the accumulated wealth by these people were eyed by other people who want to grab these items at any cost.
So, the riches hid away their treasure and when they died they took the treaure to their graves with them.
Not all treaure was buried to hide. Sometimes it was dropped or lost by mistake also, and sometimes, these treaures were buried along with whole towns and cities due to the natural calamities like earthquakes, volcanoes etc.
Pirates also often hid their stolen items, but many were caught or killed before attempting to go back and find them.
Sometimes buccaneers (pirates or adventurers) lost the treaure maps that thry'd drwan to show them where to find! Most hidden treasure is dug up soon after it was buried, but a lot more isn't found yet and still hidden to this vety day waiting for some lucky people to grab them.
Some of the oldest treasures in the world was found in Ur, an ancient city in Mesopatomia (now called Iraq). More than Five thousand years ago, Ur was one of the most important cities in the world. Then it was invaded by enmies and taken over. They stole its treaure and left the city to fall to pieces.
In 1922, an arecheologist called Leonard Woolly decided to search for Ur' long-lost treaures. For nearly five years he worked, digging up one grave after another, but found nothing. Finally when he decided to wind up thinking that the treaure must have been stolen, he hit gold!
One day Woolley found an amazing tomb. Buried in it was one of the queens of Ur. The queen's bones were still in the tomb. There was headdress which had gold rings, leaves and flowers. The queen's black wig was covered with gold leaves too and thse were tipped with lovely reddish-white stones.
There was a wig that had a comb still in it and was decorated with golden flowers. Nearby were golden earrings and huge necklaces made of gold, silver and beautiful stones. Out side the tomb, Woolley found some writing "Pu-abi" the name of the queen!

Friday, July 9, 2010

Basics on Online Business

It time for the search of real online business! Many people claim that its easy to make money online if you follow the so called proven system. There are actually no statistics of any proven system that we could decide on. It is almost a chain of reactions that takes place and it circulates within the Internet world from people to people.

But, believe that making money online is though not easy, but a possible one. When we plan to start a business on online with or without investment, we definitely start from somewhere. There are no automated systems that could generate $$$$ with out having to spend time or energy.

We don't have to spend for any marketing in the Internet, but spending money sometimes may increase our income.If we feel that we are not going to spend for this, then we are planning for a long term target and we will have to rely only on our hard work and unlimited time.

There will be several failures and disappointment doing business online. We may feel that nothing is reliable, the process is too complicated, each one is linked with another so it goes on and on, never ending!! But remember that if a person tells that he is making profit means that he is making profit. We read his column somewhere in the web that itself is a profit of success to him. Hence always remember that success is following us when we fail.

Marketing is the ultimate aim of Internet business. What ever business we do, we should have customers, clients, readers, commentators etc, We need people to visit our business, express their opinion, add suggestions on further improvement etc. So, attracting people is the main task of marketing.We may have to adapt several methods and techniques by trial and error method as all standard marketing practise may not yield the same positive results each time.

There are some advantages as well as disadvantages of starting online business. First let us see the advantages.Opportunities are everywhere in the Internet world. Since the reach of the Internet is far beyond our imagination, this can bring audience from anywhere in the world. The Internet network and the viewers are ever growing so there are no bound for the business limitations. We can work on our own time, flexible working hours and at leisure. We can spend more time on other activities as the Internet business once established would give you lot of free time. Any online training, research or studies is much cheaper compared to the conventional ones, most of the references are available free of cost. It is indeed thrilling to surf and work online as we will be stunned to see the scope for so many businesses on line. We can start business with very low capital and also chances of multiple stream of income at the same time.

The disadvantages are initially we will have to spend too much time to know, understand and establish what we really want to do. There are lots of research work needed. Internet philosophy is far beyond our understanding the reason that what is hot topic today may not even be talked tomorrow. So we should always be ready to accept and adapt to regular changes. Too many HYPE in the Internet marketing may mislead us in selecting our business and going right way. Selecting Internet business would not yield overnight profit as we dream of. Be practical and accept the fact that our web page one in billion and chances of people visiting and business is also in the same probability. There are more chances of jumping from one opportunity to another and that will definitely not help us to grow in the Internet business.

Well, there is a question how much we can earn a day in Internet business? It all depends on our adaptability, skills, ability to learn, hard work and intelligence. It may take a lot of time initially to start earning through Internet business, there will be a quite lot of testing times before we enter into the right one. All depends on how we sell ourselves in the world of Internet business. Marketing, as i mentioned earlier, is a vital aspect of the business, We should select the right ways of marketing. There are some faster ways of marketing also, but that may not always suit our business.

More importantly we as the online business owner need to be aware of spam, the practise of sending unsolicited, untargeted mass commercial messages. There are some serious consequences of spamming, including suspension or termination by our web host, affiliate programs etc. as spamming is a very poor business practise.There are plenty of legitimate ways available to market our business instead of spamming

Should we spend invest money for starting online business? We may or may not spend and that depends totally on how we want to go about marketing our business. There are quite a lot of ways to start and continue online business free of cost. The main part of expenditure is for marketing. If we start the online business as a writer, then, the cost of marketing is less compared to other online business. As a writer we only need to search the right publishing sites that pays for our articles. These are available in the free web directories, we can find through search engines etc.

There are some paid membership sites also that saves lot of our time rather than going to the web directories to search for. What we can earn by writing articles again depends on the selection of topic, method of writing, how quick we are and how relevant the subject is.

There are several other online businesses that need to bring in the traffic to our website in order to generate revenue. Many sites claim that they can get us loads of traffic, but always prefer to get the targeted traffic that would benefit out site and our business.

Wednesday, July 7, 2010

Where does all our time go?

It is quite surprising when you sit and think about where all the time in one day goes? Twenty four hours is really a lot of time, but on most days it scarcely seems enough. This is because of certain misconceptions about time and time management. If we examine where all that time goes and try to find out if twenty four hours really is utilized, of course we would never say that we have wasted time.


We do not really get twenty four working hours in a day. Maybe it's because we always talk about the twenty four hours in a day, we get the feeling that we really do have twenty four hours to finish our daily business and the fact is that we do not. Assuming that we hit back the sack atleast in the night and taking for granted the fact that we need at least seven hours of sleep, we wake up at seven in the morning.

Thant means we have already lost seven hours, which we can deduct from twntey four, giving us only fourteen waking hours. Waking hours does not mean the hours we take to wakeup but the hours that we are awake. So, we have 14 hours in a day. Now if we think all those forteen hours can be used for productive work, we are wrong again.

Fourteen waking hours cannot be used completely for productive work. There are many things that a human being should do in order to continue to live like a human being. Some of these things do take considerable amount of our time. Some of the time that we have to dedicate for other activities like taking shower, answering nature's call, getting ourselves ready, eating, tome for relaxing, time to spend with family and friends etc.

All these regular day to day activities take at least 3 hours out of our fourteen daily hours. Now we are left with only 11 hours to do our business. The above mentioned category is voluntary time consuming activities that needed to be done.

There are some involuntary causes for the loss of time like Telephone calls, traffic jams, finding parking places, chatter boxes, meetings, breakdown of machinery, long waiting queues and we can keep on adding these frustrations.

So after overcoming all these hurdles, we do still have time to spend n our business daily. That means a very limited amount of time is also enough to attend to our business activities if we organize and manage our time properly. The better organized we are the better chance of managing our time effectively.

Organizing is a realtive term, not a term of convenience. A organized person has time for everything and everything is accommodated in his time. Best way to get organized is to identify the loop holes that we usually end up in a mess and see whether we can get around them.

We all often have pitfall like forgetting appointments, forgetting targets and deadlines, being late to the meetings, forgetting telephone numbers, names etc, the list goes on and on.

We have accept some facts about ourselves and take necessay alternatove solution to overcome our weekness. We cannot always rely on our momory, it is obvious that we tend to forget things if we accumulate too much of information at a time. Instead, we can use any latest gadget to store all the necessary data and information along with reminders, alarms etc so that we could be reminded of the schedules as and when required. This way a major portion of our business related stress can be relieved keeping our mind free from overlapping information.

The gratest advantage of preparing To Do list the previous day, before leaving the office and storing that information in a timely order would quite impressively help us to avoid overlapping the meetings are doing multiple work at the same time. But some time it becomes unavoidable to do multiple tasks at the same time. While doing this way, make sure tht one of those jobs is not very important and does not require much attention, otherwise, dividing attention to both the things might end up with two finished tasks that are in no way complete.

It all requires common sense to decide which multiple task you decide to do together at the same time. working while in flight or train would not affect your journey any way, but it would be awkward to use a toothpick while dictating an important letter.

Now that we have formulated a time management plan, everything is worked out and we have in hand a time table and TO DO list for the day and want to stick to this plan, but be cautious that there may arise some new issues that would obstruct the success of the plan to be implemented.

We will see some of the other aspects of time management in our coming articles

For Your Information:
Saturn and its rings
Saturn is the sixth planet, in order of revolution, in the family of the Sun. It has a diameter of 1,20,536 kilometers and is located in orbit about 1427 million kilometers away from the Sun. Saturn is about 95 times larger and has a surface gravity of 1.16 as compared to Earth. Moving at a speed of 9.6 kilometers per second it takes about 30 years to complete one revolution around the Sun and takes 10 hours and 39 minutes to complete one rotation on its axis.
It has 23 moons which revolve around it. Because of its distance from the Sun, Saturn is a cold planet and the temperature on surface vary from -180 degree to -292 degree centigrade. Saturn is one of the four planets which has rings around it. These rings, made of millions of fragments of rocks coated with ice, surround this distant planet. It is not confirmed how these rings were formed but it is assumed that these rings are fragments of moons which broke apart and were suspended around the planet millions of years ago. Saturn's rings are about 22  times bigger than Earth's diameter, they are however only a few kilometers thick.
Some of the rings have a larger number of frozen rock clusters as a result of which more light gets reflected which in turn explains why the rings are of different colours.
One of the moons circulating this planet is the largest sattelite known to man, called 'Titan'. It has a diameter of 5120 km and is bigger than both Pluto and Mercury. Saturn is the second fastest rotating planet next to Jupitor. It is only in the last few decades that we have come to know a lot about Saturn. This was made possible through visits to saturn by Unmanned spacecraft sent from Earth. Saturn was first visited by the unmanned Pioneer XI space probe in 1979 and subsequently in 1986 by the Voyager I and Voyager II space probes. Both the space probes sent back invaluable pictures of the planet Saturn.

Monday, July 5, 2010

Make Money online

As a matter of fact nothing comes easy in life. This article helps to ensure that the people searching in web for on line job opportunities do get right information on available on line jobs and how to track the appropriate one.

The intention of this artcle is to make people aware of too many scam programs where people end up loosing their money in search of on line or easy earning methods.No matter how intelligent you are, you could easily fall in the trap of the scam sites that may offer several attractive packages that may seem very worth initially, but when you become the member by paying some dollars, then you will realize that after all that site is also a scam like many others.However, there are still reliable and genuine opportunities available on line to earn money by adapting some simple methods.

I have practically made research on online job opportunities and the companies that post ads stating so. We will have to make a lots of analyzes to find a right on line job that creates regular income.
I will try to explain some of the jobs that can be taken on line. Every job requires a certain amount of skill and dedication unlike the websites states that no qualification or prior experience is needed.
Many sites lure you with attractive ads saying that you right away earn dollars once you have become the member of their program for which they demand some payment upfront.
Trying to find the program that actually works is sometimes the hardest thing, but remember, there are really good programs that guide you through a right way to find your job.
If you think you may have finally found the "right site" it may end up being a scam. I am going to show you some keys to look for to assure that you are not getting into a make money online scams.
I will list some categories of the on line job opportunities here
1. Data entry jobs Click Here!
2. Typing from home jobs
3. Blog posting jobs
4. Transcription jobs
There may be several other job opportunities also like paid survey jobsClick Here!, paid for reading e-mails etc, but those are available for selected countries only.
At this point i would like to highlight that no website that provides guidance for job opportunities will give a direct job/employment. Never be assured that you are going to earn money right away by just signing in.
You may need the guidance of some really good sites that help you with training materials, tutorials, sample methods and also suggest you on various job prospects on line.
Assuming that you opt to take guidance from a good site that could help you to find a right path for an on line job, you should be cautious in selecting such programs
First, when selecting any make money on line opportunity look to see if any kind of guarantee is given. Web sites that are not offering any guarantees for their work on line program is more than likely not confident enough in their program to offer this, so be very cautious.
You will be attracted by the words that are displayed in the ads by making some payment you will be directly going to earn money everyday starting from today. But, once you made the payment, then starts the real task for you.
Second, even if a work on line company does offer a guarantee whether it be 30 days, 60 days etc. may not always honor the guarantee. So what do you need to look for when it comes to making sure you will get your money back as stated in the Web site's agreement. You will be surprised a simple way to assure you will get your money back. Before selecting any make money on line companies, always look at who is their payment processor. The reason is that companies that do not use a reputable third party pay processor will nave no guidelines and agreement terms they will have to follow. You will then be at their mercy. Companies that use pay processors such as PayPal, Plimus, and 2CO as an example will have to follow a strict code of ethics as in the terms of agreement of these payment processors.
If any company does not follow the terms of agreement set by their pay processor can face suspension, or cancellation of their account. If a company does not give you your money back that uses companies such as PayPal can get in trouble if they do not hold their end of the agreement.
Be careful of companies using merchant software such as eSellerate, which is just a software program to process their own payments, and not a third party pay processor. I am not saying eSellerate is the problem, for it is a very good software program, but I am saying to look out for companies using this software that may disguise the fact they are processing their own payments.
So choosing a good company that offers a guarantee, and is using a reputable third party pay processor such as PayPal is two keys to assure you will not get scammed out of your money.Many people think that if the program is not to their interest that this should be categorized as a scam. Because every ones interests are different this is not the true definition of a scam. When you pay for something and lose out on the money you initially invested is a the proper definition as a scam. If you are able to try something, and get your money back if you do not like it, is actually good business.
If you are looking for a few good options that meet the criteria I have mentioned, I personally will suggest a few companies that you should look at. These companies offer great training programs, and jobs along with a 100% guarantee. You can at least try these out and not have to worry about getting scammed as per my definition

General Knowledge
Rainbows a wonder of nature
When we pass light through a prism of glass, we are able to see the seven colors it is made up of. A shower of rain leaves everything around looking broght and fresh. On occasions, during a shower of rain, we see an arch of seven colors in the sky, quite like the seven colors of light passing thrugh the prism of glass.
As the rain falls, the rays of the sun pass through the drops of water, which act like prisms, and the seven colors of light can be seen in the sky. Light always travels in a straight line but it changes its direction and bends slightly when it passes thrugh an object of a higher density.
This effect can be observed when we put a spoon in a glass full of water, from the outside the spoon would appear bent at the point where it enters the water.
This bending effect is called refraction. In the sky raindrops too refract the sunlight. Sunlight has to pass through the drops of water at a very low angle, which is the reason why rainbows are seen only when the sun is at a low angle either in the mornings or in the evenings.
Rainbows can also be seen if a person is loacted at a higher elevation, infront of a waterfall. Even though the reason for their formation is well known, rainbows are beautiful and truly a wonder of nature.

History
The Dutchmen's Mine
There said to be a scret gold mine in the superstition mountains in Arizona, USA. The story says that there is so much gold in it that when you tap pn the walls the nuggets just fall into your hands. The Native American Apaches were the first to find the gold mountains. They told the Spaniards about the riches when Europeans first visited the Arizona in the 1700s.
Soon, many people were trying to find the mine. The gold hunters began to fight with each other. The Apaches became angry. The treasure hunters were spoiling their land, so they did everything they could to keep the secret of the mine from them.
Two of the men looking for the gold were Germans, but the locals thought they were Dutch. They gave mine its name, Ductchmen' mine. The germans did find some gold, but the Apaches then hid the opening to the mine with rocks.
Later, an earthquake cloded off the mine forever. But, even today, treaure hunters are still looking for the gold. They still dream of great riches.
In 1848, a man called John Marshall found a piece of gold in California river. The news caused a wild rush, as people from al over the world hurried to California to find the treasure. This search for gold is still known to this very day as California Gold Rush.