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Most Important thing required is cost control planning and how to execute them
Aanlyzing is the key here. A good Manager is the guy who can do it for you. Understand the concept behind this whole operation. Squeeze from where you won't get hurt. You don't have to do it just because you have to.
Minimize unnecessary documents, forms, paper usage which is shows redundant. if possible to use one page report that everything needed information can be found in that one page.
Adopting blanket purchase order to minimize the buying cycle and stock.