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Stop Using The Wrong Inventory Metrics

Chief Executive

Yesterday’s core inventory metrics — inventory turnover (cost of goods ÷ average inventory) and inventory GMROI (gross margin ÷ inventory cost) — fail to provide the essential information that managers need to avoid the twin problems of missing critical potential profits while having to write off large tranches of costly inventory.

Metrics 98
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Customer Success vs. Account Management: Why Both Matter

Help Scout Leadership

When considering customer success and account management, it’s valuable to consider them as complementary teams rather than interchangeable groups or, worse, competitors. There are a few things that differentiate customer success from account management. What is account management? What is customer success?

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Compensation Metrics for Evaluating Your Plan’s Success

Zenefits

Tracking and evaluating employee compensation metrics matters for maintaining a healthy, viable company. Benefits accounted for 31%.¹ Let’s look at what compensation metrics are and which ones might best apply to your company’s compensation strategy. Manage compensation to improve employee retention.

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Strategic, Simple, and Successful Guide to Managing Change for Leaders

Lolly Daskal

It’s more than managing budgets or metrics; the key lies in understanding and managing the people side of change. Embrace a team effort with diverse leaders: Change management thrives on collaboration. Set expectations and hold people accountable: Clear communication is essential.

Manager 94
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7 Human Resource Management Basics Every HR Professional Should Know

AIHR

Effective Human Resource Management (HRM) is essential for businesses of all sizes and starts with knowing the basics. In this article, we dive into the seven Human Resource Management basics you must know to understand the varied roles of HR within an organization. Contents What is Human Resource Management? Let’s get started!

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Manager Effectiveness: 4 Ways HR Can Help Improve It

AIHR

One of the important responsibilities of HR professionals is to develop leaders and managers and ensure that they’re equipped with all they need to be effective in their jobs. What exactly is manager effectiveness, how do you measure it, and what can HR do to help improve manager effectiveness?

Manager 126
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How To Create a Talent Management Strategy in 2024

AIHR

Did you know that companies with a strong talent management strategy increase their revenue 2.2x The difference between just managing talent and strategically leveraging it can mark the line between a company’s success and stagnation. Contents What is a talent management strategy? Why is a talent management strategy important?

Manager 71