Energy is useful. If controlled correctly it can create value and be put to good use. However, it is, by its very thermodynamic nature, potentially harmful and must be carefully contained within the ...

Inventory planning and control are functions relating to inventory management. Business owners pay close attention to inventory as it usually represents the second largest expense in their businesses.

Amidst the recent continued economic volatility, C-level executives’ focus has shifted from revenue growth to profitable growth, and hence global supply chain performance has gained a great deal of ...

CIO.com's project management glossary provides definitions and information for many common—and not so common—terms used in the complex field of project leadership and management. As in many ...

Financial planning is a proactive way to ensure that you optimize the limited monetary resources available to your business. Budgeting is a key tool in financial planning that helps you decide how to ...

In this article, as in industry, advanced process control (APC) refers primarily to multi-variable control. Multivariable control means adjusting multiple single-loop controllers in unison, to meet ...