Introduction An organization and its immediate supplier are interdependent and developing a mutually beneficial relation between the two it and enhancing the ability on the part of both adding value. The two forces, organization and supplier are dependent on each other thus need to have a cordial or win to win relationship. Organization always looks towards adding value towards their suppliers who serve them with the raw material or products

    Fact based decision making is a process with orderly steps to be followed which lays strain on gathering the right information, strive for best quality of data, conducting unbiased analysis to extract basic insights, identifying and analysing pros and cons of the possible decisions and select that decisions which are supported by strong analysis rather than doing speculations and guesswork. All the decisions which are extracted from meaningful

Introduction The term continual improvement covers the aspect of bringing enhancement in the products, services or processes involved either through incremental or breakthrough upgrades. Bringing improvements in the product through recurring activities hikes the ability of the product to fulfil the laid down requirements. While the continual improvement can be achieved by various tools like – utilization of quality policy, quality objective, audit outcomes, data analysis, preventive actions in case

Introduction To realize the overall objective of the organisation a complete study is done with respect to the firm on the human resource and material resources and how they can be well organized. This principle has acquired its importance due to the increasing complexity among the firms and potential growth and contribution of automatic computers. This principle implies that every manager of the firm should be crisp and precise with