A control loop is a feedback mechanism that regulates a process or system. It consists of four elements: a sensor, a controller, an actuator, and a process or system. The sensor measures a process variable, such as temperature, pressure, or level, and sends a signal to the controller. The controller compares the sensor signal to … Read more
A procurement card, also known as a purchase card or P-card, is a credit card issued by a financial institution on behalf of a business or government entity for the purpose of making purchasing decisions easier and more efficient. P-cards can be used for a variety of purposes, including office supplies, travel expenses, and event … Read more
Crisis management is the process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders. The goal of crisis management is to minimize the negative impact of the event on the organization. Crisis management includes four key steps: 1. Pre-crisis planning: This step involves identifying … Read more
A customer feedback loop is a process whereby customer feedback is collected and then used to improve the product or service. The feedback loop typically consists of four steps: 1. Collect customer feedback. This can be done through surveys, customer interviews, or focus groups. 2. Analyze the feedback. This step involves looking for patterns and … Read more
Karōshi is a Japanese term that refers to death from overwork. It is typically used to describe cases where employees have worked themselves to death, either through physical exhaustion or mental stress. The term first came into use in the early 1970s, after a spate of highly publicized suicides by employees of Japanese companies. Since … Read more
Cross-media ownership is the ownership of multiple media outlets by a single individual or organization. These outlets can include television, radio, print, and digital media. Cross-media ownership can give a single entity a large amount of control over the flow of information and the creation of public opinion. Critics of cross-media ownership argue that it … Read more
The product lifecycle sustainability (PLS) approach is a comprehensive and systematic way to assess, manage, and improve the sustainability of products and services over their full lifecycles. The PLS approach considers the impact of a product or service throughout its entire lifecycle, from raw material extraction to final disposal. This includes assessing the environmental, social, … Read more
An ERP software mission statement is a short, clear statement that defines what the software does, who it is for, and what benefits it provides. The mission statement should be aspirational, yet realistic, and should capture the essence of the software in a way that is both memorable and inspiring. What are the 3 parts … Read more
An intelligent transportation system (ITS) is a technology that is used to improve the efficiency and safety of transportation systems. ITS uses a variety of sensors and communications systems to collect data about traffic conditions and then uses this data to manage traffic flow. This can be done by providing real-time information to drivers about … Read more
