A non-compete agreement (NCA) is a contract between an employer and employee in which the employee agrees not to compete with the employer during or after the employment relationship. NCAs are typically used to protect an employer’s business interests, such as trade secrets or other confidential information, from being disclosed to competitors. They can also … Read more
The PCI DSS Requirements Fast Guide is a comprehensive guide to the Payment Card Industry Data Security Standard (PCI DSS) requirements. It provides an overview of the PCI DSS requirements, as well as guidance on how to best meet them. The Fast Guide is intended to help organizations of all sizes understand and implement the … Read more
Critical thinking is the ability to think clearly and rationally, understanding the logical connection between ideas. It includes the ability to engage in reflective and independent thinking. What are the 5 critical thinking skills? The 5 critical thinking skills are: 1. The ability to identify and define problems 2. The ability to generate and evaluate … Read more
The term “BOOT (build, own, operate and transfer)” is a type of financing arrangement whereby a company finances the construction of a project, owns and operates it for a set period of time, and then transfers ownership to the customer at the end of the term. The customer may be the government or a private … Read more
Custom factory integration is the process of integrating a company’s ERP system with its manufacturing processes. This can include integrating the ERP system with machines on the factory floor, linking it to quality control systems, and connecting it to supplier management systems. CFI can help improve manufacturing efficiency and accuracy, and can provide real-time visibility … Read more
Rebranding is the process of creating a new name, symbol, or design for a product or company. It is often done to make a fresh start after a period of negative publicity or to reposition the product or company in the market. Rebranding can also be done to improve customer recognition of the product or … Read more
Undercapitalization is a term used to describe a situation where a company does not have enough financial resources to meet its short-term or long-term obligations. This can happen for a variety of reasons, including poor financial planning, excessive debt, or unexpected expenses. If a company is undercapitalized, it may be unable to pay its bills, … Read more
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
