by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Web Portal?A web portal cannot comprehensively be defined by a single explanation because of its correlation with websites and computer networks. A portal can be intranet, extranet or a gateway to the World Wide Web. Generally, web portals are specialized...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Root Cause Analysis?Root Cause Analysis (RCA) is the process of finding out the main reason or cause of a problem and the approach to resolve it. It differs from causal factors in its scale and impact on the resolution of a problem. Removal of a causal...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Procurement?Procurement is the process of obtaining goods, services, and works from an external source for business purposes. It may be a simple process of purchasing from a known supplier or it may a complex process involving various steps. Procurement is...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is an Air Waybill?An Airway Bill, also known as an “airway consignment note”, is a non-negotiable (cannot be transferred to others for value) document identifying goods being shipped with an international airline (carrier). It is a receipt issued by a...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is a Pipeline (Business Operations)?An operational phase that leads to achieving a specified goals is called a Pipeline. It encompasses all the intermediate steps from the conceptualization of a new plan to bringing it to fruition. If something is said to be...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Lead Time?Lead time is a term that refers to the time between the beginning of the beginning and completion of a process. For example, in a manufacturing company, lead time is the time the company begins to manufacture a product and the time manufacturing is...
