POST CATEGORY : Management

Do You Have Someone Who Manages Your Parts Data? If Not, Here are 4 Reasons Why You Should

As an electrical engineer, your primary goal is transforming clients’ ideas into functioning electronics. However, in designing a BOM for a project, you’ll need to manage your parts to ensure you have every requirement. Most electrical engineers admit that it’s hard to focus on product design while managing BOM parts at the same time.

Parts data management

Poor management of parts leads to lengthy delays in production, unexpected cost increases, and, production of faulty electronics. Hiring a professional who manages your parts data ensures you benefit in the following ways.

1. Keeps an updated list of prices

If your Bill of Materials (BOM) contains hundreds of parts, it will take you a lot of time to cross check the price of each listed part.…

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Does Mindfulness Training Have Business Benefits?

Buzzwords come and go in the corporate world. Many are short-lived fads championed and then dropped in a matter of weeks, but occasionally a workplace trend comes along that stands the test of time. Mindfulness is the latest buzzword to infiltrate the corporate world, and this one is here to stay.

Mindfulness

Mindfulness is a type of meditation that focuses attention on breathing as it flows in and out of your body, allowing you to think and feel sensation more clearly. This method of mental training is growing in the West, and is following in yoga’s footsteps to become a billion dollar industry.…

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What Are KPIs, And How Can Consultants Help You Target Them?

Every business has indicators that aid in determining how a company is doing regarding meeting set objectives or measuring employees’ accomplishments after a given period. These “measurables” are achieved using Key Performance Indicators, KPIs.

Measuring KPIs

The use of high-level KPIs, for example, depicts the overall performance of a business while low-level KPIs are focused mainly on sales, marketing or customer care. KPIs generally cover the following areas:

  • Business indexes
  • Finance
  • Return on investments
  • Customer retention and satisfaction
  • Ticket analysis
  • Call times
  • Back order rates

Each KPI is unique to a sector and determining each level goes a long way in understanding how an enterprise is faring.…

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How Will Divorce Affect Your Business?

They say it’s smart to keep personal and business relationships separate, but when you’re married, you and your spouse become one in every way – including business. If your “I do” turns into “I don’t” in the future, what will happen to your company?

Here’s how a divorce may impact your business.

Business couple

Divorce and Business – Your Ex May Become Your Next Business Partner

Depending on the state you live in, your ex may become your new business partner when the divorce is finalized.

The way in which assets are divided in a divorce depends on state laws. A business is considered an asset, and it may be classified as either marital or non-marital property.…

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The Advantages of Shrink Labeling

In the last few years, stretch and shrink sleeves have captured a considerable portion of the global label market. But what brings about this rise in demand? Well, it can be attributed to their attractive look and versatility. Customization can also be made very easily during the sleeve label manufacturing process, which allows for more flexibility.

Shrink labeling

There are several types of labels available on the market, such as in-mold labels, roll fed labels, foam labels, etc. The most popular remains the heat shrink sleeve label. In this article, we’re going to describe some of the major advantages of shrink labeling over other methods.…

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4 Long-Term Goals Your Company Needs to Set Now

Every business is launched with a mission – a goal – in mind. But once you have things up and running, goal-setting can quickly make its way to the backburner.

Growth planning by goal setting

If you want your business to grow, setting goals and making plans to reach those goals is critical. Here are four long-term goals your company needs to set right now.

1. Plan for Growth

Expansion and revenue growth are the goals of every business, but do you have a plan in place to reach your targets? Do you even have a target?

To help you stay on track and set your business on the right course, make it a habit to create a blueprint, or road map, for the year.…

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Choosing The Right Chemical Supply Company

Whether you are working within the construction industry, the mining industry, or the water treatment and remediation industry, you will need chemical solutions to do your job effectively. Finding a reliable supplier is important to ensure that you receive high-quality chemicals for your needs.

Chemical blending

It is equally important to find a supplier that will provide high-quality services like chemical blending, safe transportation, and bulk storage. Ideally your chemical supplier should have a level of service that matches the high quality of their supplies.

Chemical Blending

A chemical supply company should be able to produce blends following a client’s direct specifications. Chemical blending allows the client to remove themselves from a laborious process, so they do not have to make the chemical blend at their own location.…

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6 Productivity Tips for Graphic Design Agencies

Running a graphic design agency is a lot of work, especially if you have several designers working under you. Finding ways to boost productivity can be a challenge when you have a mile-long to-do list.

There are several things you can do, whether you’re a small or large graphic design agency, to encourage your designers to maximize their time.

Graphic design studio

1. Make the Most of High-Energy Time

Creativity peaks at certain times of the day, and that time varies from one person to the next. Some people are more creative in the early morning, while others are much more creative later in the afternoon.…

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Which Type of a Team is Right for your Company

At the core of each great product is an unfulfilled need of its consumer, and that need reaches a market big enough. However, this is not enough without a flexible team that can turn a vision into a growing business efficiently. Each company can create its own workforce structure of teams of people that can work cohesively towards a mutual goal.

Business team

We can divide teams in 4 main groups: project teams, operational teams, virtual teams, and self-managed teams. Each of them comes with a certain set of strengths and weaknesses, and what type you have depends on your business’ purpose, organizational structure, and location.…

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Healthy and Safe: How to Protect Your Employees in the Workplace

Safety in the workplace starts at the top and if owners and managers recognize and acknowledge the need for a proactive and vigilant approach to keeping their employees away from danger and serious injury it will help improve the odds of avoiding an incident.

Stretching employee

Here is a look at some of the steps you can take to maintain a good health and safety workplace profile, including an overview of one of the most common types of injury, why you can’t afford to be complacent about injuries in an office setting, plus an insight into some hidden dangers to be wary of.…

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