SUPPLIER SELECTION Usually suppliers are selected based on their performance in terms of cost, quality, and delivery reliability. In addition, supplier criteria includes factors such as management compatibility, goal congruence...
Tag - Management
SUPPLIER SOURCING Three types of supplier sourcing are: Sole sourcing; Multiple sourcing; and Single sourcing. 1. Sole Sourcing ✓ Sole sourcing is the use of only one supplier for the organisation. The...
PRINCIPLES OF CUSTOMER/SUPPLIER RELATIONS In order to ensure the practice of continuous process improvement, it is essential for the organisations to have partnering atmosphere with suppliers. In this regard, Dr. Kaoru Ishikawa...
SUPPLIER PARTNERING What is Supplier Partnering? ✓ Partnering is defined as a continuing relationship, between a buying firm and supplying firm, involving a commitment over an extended time period, an exchange of information...
A Simple input/output process model is shown in Fig 1. Fig 1. Input/ Output process model With reference to Fig. 1, the following characteristics of the input/output process model can be made. ✓ A process refers to business...
What is Meant By Recognition? ✓ Recognition is a process whereby management shows acknowledgement of an employee’s outstanding performance. ✓ Recognition is a form of employee positive motivation. Recognition of employees...
Ways to Recognize People Steve Smith has identified twenty different ways to recognize the employees. His 20 ways are listed in Table 1. Table 1. Twenty ways to recognise people 1. Send letters to improve team members when...
What is Performance Appraisal? ✓ Performance appraisal is a systematic and objective assessment or evaluation of performance and contribution of an individual. ✓ It is a systematic and objective way of judging the relative...
Concept of Empowerment ✔ Empowerment is the opposite of helplessness or dependency. An empowered person does not feel incapable of doing things that he considers important for the well- being of his organisation. There are no...
Concept of motivation ✓ According to Scott, motivation means a process of stimulating people to accomplish desired goals. ✓ Edwin B. Flippo defines motivation as the process of attempting to influence others to do your will...
