Control Based Processes
February 12, 2025
Project Management is the art and science of managing projects with emphasis on quality, cost and time. If we take the aspect of quality, this is one of the factors of the “triple constraint” that govern the art of project management. Quality is defined as the degree to which the project meets the requirements (PMBOK, […]
The modern economy is obsessed with rising prices. An era of falling prices is called deflation. It is almost always considered to be bad news from an economic point of view. The commonly held viewpoint is that falling prices create negative sentiments and ultimately to a recession. Falling prices have been given the name “deflation”. […]
In a computer spare parts supply chain, usually the network consists of the country depot that stocks all the parts required to support the field. The number of parts in such depots run very high depending upon the volume of sales and can range from 15000 SKUs to 35000 SKUs, depending upon the model and […]
Modern day world is extremely complex and interwoven with a lot of variables and uncertainties. Managing businesses is extremely tricky and requires one to be ahead of times all the while. With the evolution of technology, the business processes and management philosophies on how to nurture and safeguard one’s business have been the subject of […]
What is Davos and why it is so important for the Global Movers and Shakers? Davos, a small town in Switzerland, is otherwise famous for the Annual gathering of the world’s political, business, and celebrity elites hosted by the World Economic Forum or the WEF, a private think tank that has been founded by one […]
Although IT has been touted by the experts as being the bedrock of next generation of business in which large organizations encompassing several thousand employees will seamlessly operate in a global environment, there are a good number of issues to be resolved. However, as we have already seen the merits of using IT solutions as BPM tools. The following issues need to be confronted.
However the recent introduction of cloud computing has the capabilities to face the challenge. Advances in technology are now helping smaller companies use software like we use e-mail. One just needs to have an internet connection, no set-up, no servers, no infrastructure required.
One good example of the same is salesforce.com, which charges customers on a per user basis. Thus even small companies can have the benefit of good quality software irrespective of their size.
Since business functions in an integrated manner, it needs applications which do the same as well. But integrating different applications to support a synchronized process has become a difficult task. The IT companies are touting Service Oriented Architecture (SOA) as the solution. A discussion about what SOA really is, is beyond our scope. However, it must be noted that it is at a nascent stage and holds tremendous promise to make all system related woes disappear.
The two biggest buzzwords in IT, SOA and Cloud Computing are most likely to resolve the issues.
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