Example of how to do brainstorming?

Brainstorming session will be very effective when it is done in groups. Select a topic to do Brainstorming. Let say, for example, Project A consist of x y and z activities to be completed within a time period. Take a paper and pen and write down all the ideas that you can possibly do the work with high quality and in quick time. All the people in the group must write down their own ideas and submit to the facilitator. Facilitator is a person who heads up the brainstorming session. Finally take all the practical ideas and implement it, this is the way to do brainstorming.

How Brainstorming helps to increase the Productivity of the company.

Important factor which determines the growth of any company  relies on employee’s productivity. High levels of  employee’s productivity can result in more profit and growth of the company. The growth of a company is in the productivity of the employee morale.  If the productivity increases then the growth comes to the company in several ways such as in the form of more funds, more clients and companies can get quality employee’s result in the increase of Goodwill and increase in the number of clients to the company.

Maximum productivity should be done by the worker so that today’s global workplace can be re designated by him. Productivity should be done in an immense manner for the welfare of the company.

How  low Productivity affects the company?

More payment has caused the labors to produce less productivity. Another one, the main cause is that employee managing their time wisely. Flexible working hours has made many workers to waste their time leisurely. Unfortunately, a negative morale when it is induced among employees can create poor outcome for the company.

How Brainstorming helps the workers for company’s benefit?

Brainstorming can effectively solve all kinds of problems and make the workers act as a better tool to the company. Traditional brainstorming is more energetic and helps the employees to redefine the productivity and to share, build and renovate new ideas. Brainstorming sessions among the employees can volley them to co-operate and map their effective ideas.

Overall, Brainstorming helps a great deal in improving the productivity and blows up each employee’s mind creativity which results in quick company’s growth, all the companies must employ Brainstorming session for employees frequently in order to get the best out of each employee.

Difference between CRM and eCRM:

• CRM uses phone, fax and retail store for contacting customers while eCRM uses wireless, PDA technology, internet and email.
• CRM requires the client to definitely download different applications for viewing Web-Enabled applications while eCRM does not have such requirements.
• The personalized views of CRM are not available while the personalized views of eCRM are related to purchase preferences and history.
• The design of CRM system is related to job products and functions while the design of eCRM system is related to customer needs.
• The maintenance of CRM is very expensive while the maintenance of eCRM is less expensive and requires only less time.

Strategy Components of eCRM:

The eCRM includes three strategic components such as:

• Analytical: It helps the organization for maintaining long term customer relationship.
• Operational: It avoids redundant processes.
• Collaborative: It is very effective in sharing the information. 

Different Levels of eCRM:

The eCRM can be divided into three different levels, namely:

• Customer Centered Services: It includes Product Configuration, Order Tracking, Customization, and Security.
• Foundational Services: It includes only minimum services like Website Responsiveness, Effectiveness, and Order Fulfillment.
• Value Added Services: It includes major services like Online Education & Training, and Online Auctions.

Advantages of eCRM:

• Less expensive,
• Good Coverage, and
• Supports right technologies.

Disadvantages of eCRM:

• Difficult to measure and value the benefits of intangible.
• Resolution rate are mixed.
• User acceptance is poor.

Reference:

To see more details about eCRM visit the below website:

http://www.iacis.org/iis/2004_iis/PDFfiles/ChandraStrickland.pdf

Human capital management is nothing but human resource management where a quality human resource is identified for the organization and help the resource to develop skills and abilities,  which align to your company’s work and make them work more efficiently for the organization.

Human Capital Management focuses mainly on quality workers for the job, rather than inducting huge volumes of people without knowing about their quality, result in poor performance of that employee.

Human Resource Management starts from identifying the talented resource through the process of recruitment to all the important activities such as organization development, making employee feel secured,  motivation, communication with the employees, managing and providing them training.

Top Benefits of Human Capital Management to Enterprises

Human capital management is really a good strategy on getting a quality workforce for the organization. These are the top benefits of Human Capital management.

• 100% quality of work is assured as you only employ quality people.
• As a result of producing quality services/products and on time, a business can accumulate more clients through referrals.
• Quality employees can bring Good reputation to the company.
• Turnover and Profit will reach new milestones.
• Overall Company’s Growth potential will increase multi-fold times.

These are some of the top benefits of  Human Capital Management for enterprises.

Supply Chain Management is the long term plan management of activities that involves acquisition and conversion of finished material products and delivered to customers. It is the system that makes and delivers the products based on market demand.

The supply chain includes information flows, material flows, and financial flows.

Facilitation of Supply Chain Management:

Supply Chain Management is facilitated by:

• Structure,
• Process, and
• Technology.

Functions of Supply Chain Management:

Supply Chain Management serves two important functions such as:

• Market Mediation, and
• Physical.

The objective of supply chain system differs from situation to situation. The cost efficiency plays the critical factor for functional products. The important factor for innovative products is responsiveness. The combination of Leanness and Agility develops Leagility.

Elements of Supply Chain Management:

There are three types of supply chain elements, namely:

• Strategic:

i.            Supply chain design,

ii.            Long term planning, and

iii.            Resource acquisition.

• Tactical:

i.            Production and Distribution planning,

ii.            Medium term planning, and

iii.            Resource allocation.

• Operational:

i.            Shipment scheduling,

ii.            Short term planning, and

iii.            Resource scheduling.

Steps involved in Supply Chain Management:

There are several steps involved in Supply Chain Management such as:

Step: 1 – Design of supply chain.

Step: 2 – Optimization of supply chain.

Step: 3 – Planning of material flow.

Step: 4 – Short Term Scheduling and transaction process.

Goal of Supply Chain Management:

The most effective supply chain management will definitely result in business improvement. Therefore supply chain management is focused on several activities like:

• Effective growth in income,
• Reduction of cost, and
• Best Asset Utilization.

There are several important points to be noted in supply chain management. Some of them are: The customers should be segmented, according to their service needs. Make some partial changes in the supply chain to meet high profits. Modify the logistic network.

The product differentiation must be delayed until the last moment. Always have a good relationship with the suppliers. The efficient supply chain system should be done by technology strategy. Overall Supply Chain Management is the best one if it is handled in the right way.

Categories of Construction Management:

The CMAA (Construction Management Association of America) says that a Construction Manager has 120 responsibilities and it can be described in seven categories:

• Cost Management,
• Project Management,
• Quality Management,
• Time Management,
• Safety Management,
• Contract Administration, and
• CM Professional Practice.

Functions of Construction Management:

The functions of Construction Management are:

• Planning and Specifying Project Objectives: It includes delineation of project, calculating time and cost, choosing participants, and setting requirements.
• Increasing the efficiency of resource through labour procurement, equipments and materials.
• Different operations can be implemented through proper control of estimation, plan, contract, design and construction.
• Effective mechanisms are improved for solving conflict.

Specialized terms:

• REM (Real Estate Management).
• ProgM (Programme Management).
• CREM (Corporate Real Estate Management).
• PC (Project Control).
• PD (Project Director).
• PL (Project Leader).
• FBOT (Finance Build Operate Transfer).
• DC (Document Control).
• BOT (Build Operate Transfer).
• BOO (Build Own Operate).
• DBOT (Design Build Operate Transfer).
• PFI (Private Finance Initiative).
• EPC (Engineering Procurement Construction).
• GMP (Guaranteed Maximum Price).
• GC (General Contractor).
• MPC (Multiple Prime Contracts).

Engineer role in Construction Management:

Changing of orders, inspection in works, review payments, shop drawings, samples, materials, and 3d image are the important work done by an engineer in construction management.

Reference:

To know more details about Construction Management visit:

http://www.acce-hq.org/PDF/form103.pdf

It integrates other important functions like Sales, Marketing, Information Technology and Finance. This management is a part of Planning and Execution

Difference between Logistics Management and Supply Chain Management:

Supply Chain Management does not really have much difference when compared to logistics management.

Supply chain management is a process that deals with Material management, financial flows and information in a network which consists of distributors, customers, manufactures and suppliers.

So by the process of Supply chain management, it is clear that the Logistic management and Supply Chain Management are equal terms.

Functions of Logistics Management:

The functions of logistics management are Inventory control, transportation, Customer service, Warehousing, Procurement, Purchasing, Network design, Order processing and Material handling.

Logistics Management Software:

For Logistics Automation features, new software is used. This software helps to automate the work and system management. There is only few logistics management software available in the market because it requires more practice on the software. However, there are different solutions for the software that are currently used in Logistics Departments. Logistics department consists of some other departments such as Container department, Conventional department, Marine department, warehouse and so on.

Some of the key software used in the above mentioned departments is:

• CTMS Software is used in Container department.
• WMS Software and WCS Software are used in Warehouse.
• CTMS Software and CVT Software are used in Conventional department.

Logistics Management plays a vital role in the success of an industry. Nowadays, some of the industries are using Logistics Management Software for fast processes in works by automation. This software certainly increases the sales, marketing and as well as business profits.

Benefits of Implementing Capacity Management in IT Service  industry

• Capacity management first goal is to meet up with the current IT requirements and also help an organization to match up with the future requirements.
• Capacity management help organization to decide what are the necessary changes to be made according to the technology advancement, what type of resources that needs to be implemented and how it can be implemented in a cost effective way.
• Capacity management is  vigilant in monitoring about the organization IT requirements  and assist  an organization in utilizing better resources for the requirements. Upgrades can be done as quickly as when the requirements changes which help organization function smoothly with satisfied client base.
• It always keeps ahead of competition by helping organization to provide consistent service and helps in increasing client retention.
• Increase the  client base by avoiding all embarrassing situations like sometimes an outdated version of  server or software can really be a great bottle neck for improvement. Capacity management eliminates bottle necks on IT resources, which make your organization provide an uninterrupted high level of agreed service.
• Capacity management can really save a lot of money for your organization by giving quick informed decisions about the changes that an organization should make faster, which will help them stay out of embarrassment and get a goodwill with the existing clients.

Capacity management is widely used where the core business is dealing with data centers and server virtualization.  Capacity management is very useful for businesses like those who provide Web Hosting, Server Hosting, a large organization having several data centers.

A good strategy of marketing is also a best way of communication with the customers. A proper communication is the only way to know the customers need & expectation.

Marketing management is a team work process of manufacturing a right product at a right time and that product should reach the right customer.

So, the 3c’s plays a vital role in this marketing management. The 3c’s (namely customer, the competitor and the company) should always have an ethical behavior and good relationship with each other. A proper management is always necessary for a corporate.

What are the steps being followed in marketing management?

Product Innovation, right pricing for the product, place, promoting the products, distributing in various channels, services made, retailing, management of the brand name, marketing by accounts, marketing management, marketing strategy, marketing segmentation, dominating the market.

What are all the things to be remembered while promoting the product in the market?

Brand the product, publicity, placing the product in the market, promoting more sales, making publicity, underwriting the products, direct selling, making personal sales, marketing through Internet, and advertising through Medias. So marketing management plays a vital role in a corporate.

For public awareness, there are various techniques being handled by the company like advertisements in the media. Risk management or risk handling is the main process that takes place during the risk management. Risks can be avoided only when the insurer or the company has a proper portfolio management.

What is Portfolio management

There are various ways by which we can identify the sources of finance, accessing the fund’s requirement and evaluating the source of time, cost and its availability according to the needs of the corporate. This type of management is being done by the chartered accountant, and they provide a huge service to the insurance sector, and they serve people as an advising agent even outside the concern also.

The company should always find its alternatives to find the avenues of the investments of its funds. So the corporate as well as a customer should have a better knowledge about their fund investments, and it is good to know about the IRDA rules and regulations instead we can also have an accountant. Accountants can guide us in a best way of choice.

The main process of portfolio management usually depends on the decision with the concern of reinsurance of risks. An insurer should always know about risk involved in the insurance and should know how to transfer if there is excess of risk involved.

Most of the modern businesses suffer a lot through competition, but there is really a solution to overcome the competition and excel well in your business. The solution is to learn about your customers, this might be a difficult process but over a period of time, this strategy will give you lot of business plus more referrals to your business. Let us know about what are the ways to learn about a customer.

Way 1 – Characteristics of a customer

You need to collect the background information about each customer in some ways, I know its difficult but mostly this can happen as your regular customers will really do it for you, and you can conduct a competition and you can announce an attractive price for those customers filling up the form. Just collect this basic information and  store it in a software or manually. I would suggest to design a software which can store all the details of the customer so that you can search and find out the statistics easily without wasting the time.

Collect information about the basic things such as their age, Income, occupation, education and geographic factors.

After finding out the basic information you categorize each customer and find out which group of customers has a more buying capacity.

Which group of customers has got the highest and frequent transaction records?

Way 2 – Customer Motivation

This is the process you can adapt for collecting more information about your customer discount coupons, polls, competition and freebies these things have to be done periodically so that the customer feel that they will get the benefit out of purchasing from your store either from the price, the gift you offer plus with professional service before sales and after sales.  By doing this on each process you can conduct a survey to get more information from the client.

• By finding out the primary motivator for purchasing a product in your store
• What type of gifts , rewards. they are attracted.
• Primary decision making factors for a customer to purchase it from your store such as the price, quality and good after sales service.
• Find out a successful marketing strategy for each customer group

Way 3 – Communicating with the customer

Communication must be a two way, you have all the contact details, once in a year or every Christmas just greet them with a greeting card, email them your offers, SMS them through mobile, drag them to come to your store by giving discounts on a time limit basis. These things you can do to bring your existing customers to the store and also good referrals.

These are the 3 ways to learn about a customer just follow it and increase your turnover in a year of time.