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Posts Tagged ‘operational performance’

The importance of educational foundation: or how to ensure future innovations

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Inovation

According to the Global Innovation Index (GII), a vital innovation driver within a country is represented by the educational achievements and results of its youth. However, school education is not necessarily focused on developing innovation skills, and those systems that barely target test-based academic performance of students who join science and technology subjects are not those that will foster creativity, critical thinking, and the necessary communication skills that are desired by an innovative society.

Increasing profits by implementing best practices in the procurement cycle

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Supplier

The procurement cycle comprises key steps that a company should make in order to obtain products or services. Management should understand that this process is becoming more of an art instead of an automated process. It is the road to success for responsible management, when handling public or corporate funds. It starts from identifying the correct needs of the company, to the final step of granting the product, or contract, to a certain supplier, all these, ultimately leading to increased profits.

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