Following are the modern techniques of control which are commonly used present: i return on investment (roi): profits are the measure of overall efficiency of a business to the capital employed in a business efficiency is an important control device. Today various supply chain companies and manufacturing industries use modern inventory management techniques incorporating the use of highly advanced technology and software inventory control. Merits of network techniques: the pert/cpm techniques of control have the following merits: (a) it enables managers to plan the time and cost estimates for completing a complex project (b) primary focus is on critical path which helps to complete the project in time.
Control techniques 1 provide latest information and instructions in the light of changing rules and conditions these are supplementary control technique 13 modern techniques1 return on investment2 management audit3 management information system (mis)4 pert/cpm. After learning the traditional and modern techniques of managerial control we have concluded that small scale business houses generally follow the traditional technique of controlling, while on the other hand large scale businesses mostly prefer modern techniques using different ratios.
Modern techniques of inventory management the importance of effective and efficient inventory management is recognized by every modern organization today especially the big players in supply chain management such as wal-mart. Modern techniques of inventory management today various supply chain companies and manufacturing industries use modern inventory management techniques incorporating the use of highly advanced technology and software let us look at some of these modern techniques of inventory control: 1.
Modern techniques of controlling some popular modem techniques of controlling are described below:-(i) management audit management audit is a modem technique of controlling in which the aim is to examine the efficiency of the management’s philosophies, policies, techniques etc in successfully running an enterprise. Management information system (also known as mis) is an integrated technique for gathering relevant information from whatever source it originates and transferring it into unusable form for the decision-makers in management. Control techniques can be divided into the following parts: zero based budgeting responsibility accounting management information system management audit game theory program network system program network system are two typemodern control techniques have been invented and the old techniques have been improved.
Control techniques - 10 types of techniques of controlling, article posted by gaurav akrani on kalyan city life blog. Top 8 modern methods of control in an organisation article shared by: this article throws light upon the top six modern methods of control exercised in an organisation the modern methods are: 1 management information system (mis) 2 management audit 3 responsibility accounting 4. Controlling – a modern system of management and control udc 005584 oleg dimov, plamen iliev financial control department, university of national and world economy, sofia, bulgaria [email protected] abstract this article tries to clarify the essence of controlling as a concept and the way of implementation and place of application thereof.
Generally, companies follow different techniques or methods for controlling their business operations efficiently there are two most commonly followed techniques of managerial control and below is the detailed analysis of the same 2 techniques applied to control the managerial operations: i traditional techniques ii modern techniques 3. Modern management techniques 3/5/2014 the conduct of the two key managerial activities of planning and control 3/5/2014 6 characteristics of management techniques: • systematic : – consist of specified and often sequential methods of tackling a problem, providing information for decision making or improving operational efficiency. Controlling – a modern system of management and controlling represents a group of methods for operational and strategic management: registration, planning, analysis and control, which are combined on a qualitatively new a modern system of management and control.