Month: February 2022

Flexibility in maintaining account is possible It leads to quick preparation of accounts and makes available the accounting statements and records on time It ensures control over accounting work and records Errors and mistakes would be at minimum in computerized Read More …

HUMAN RESOURCE POLICY AREAS Human resource policies can be expressed as overall statements of the philosophy of the organisation and of its values. The overall policy defines how the organisation fulfils its social responsibilities for its workers and sets out Read More …

THE AIMS OF HUMAN RESOURCE POLICIES Enable the organisation carry out its set objectives in the desired manner. i.e. Policies create order. Ensure employees are informed of the expectations of the employer. Protect common interests of all parties in the Read More …

HUMAN RESOURCE POLICIES DEFINITION: These are continuing guidelines on the approach the organisation intends to adopt in managing its employees. Policies define the philosophies and values of the organisation on how people should be treated. It is from these policies Read More …

Implementing through JIT procedures can involve a major overhaul of your business systems – it may be difficult and explain to introduce JIT manufacturing opens businesses to a number of risks notably those associated with your supply chain with no Read More …

Reduced inventory levels: JIT purchasing facilitates reduction in inventory levels and the associated inventory holding costs Improved lead: Time reliability compared to traditional purchasing approaches, delivery lead time under the JIT system is considerably shorter. This implies higher levels of Read More …