Daniel's Pit

“Curiosity kills a cat, but cats be happy, for satisfaction raises the dead”, several organizations, startups and businesses will and are endlessly, curiously and constantly trying to get innovative ways to mitigate risks and be more cost effective, with competition getting astronomically fiercer by the day, every trick to get that extra edge and advantage in the market must be played. Vendor-managed inventory is a strategy that transfers the management of inventories and order processing from the buyer of a product to the supplier of the product, this strategy is not only cost effective, it is both operation effective and mitigates risks by transference, in simple terms this strategy allows vendors or suppliers to own inventories until they are sold by their clients, the vendors in the supplier chain manages their own products in their clients’ warehouses or stores, for example if a business has ten vendors in its supply chain, each of these ten vendors is hence contractually responsi...

Error and failure are what's left when we think everything else has been accounted for. Analyzing a business, an analyst needs to fully understand that there is a fine line between these three business concepts, their differences, relationship and interdependence, they need to be understood else confusing them together can lead to business failure in the short, medium and long run. Business Requirements: A business requirement is not just something a system must do. It is something that the business needs to do or have in order to stay in business, take for example a business needs to increase sales, else, it'll run out of business, this a business requirement. It has to be done if not the business may not function properly or wind up for good . A business requirement is often less dynamic; it doesn't change often. Functionality Requirements: A functional requirement describes how we perform our business processes (or their functionality), how a business intends to achieve ...