Best Practice Tools & Techniques

We have over a 1000 descriptions of best practice strategies, tools & techniques linked to case studies showing how organisations have applied them. Read the examples below and join the BPIR for full access.

Budgeting practices

Budgeting practices involve planning the use of resources or expenditure in advance. Some commonly used budgeting practices include:
- Capital budgeting (or investment appraisal) for the justification of investment in buildings, plant, etc.
- Cash budgeting for estimating business cash inflows and outflows
- Zero Based budgeting where all expenditures are justified for each new period
- Project..

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Data Analysis Tools

Data analysis tools and data analysis software are typically used to sort through enterprise data in order to identify patterns and establish..

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Marketing - Customer Acquisition Campaign

For most businesses, the primary means of growth involves the acquisition of new customers. This could involve finding customers who previously were not aware of your product, were not candidates for purchasing your product, or customers who in the past have bought from your competitors. Some of these customers might have been your customers previously, which could be an advantage (more data might be available about them) or a disadvantage (they..

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Auditing

Auditing refers to an official examination of an organisation or institution's accounts, to make sure money has been spent correctly, i.e. according to rules, regulations and norms. make a vital contribution to good governance by..

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Networking - Personal

The most fundamental act of networking occurs when you give someone a referral or get a referral from someone based on the relationship of trust that has been built between the two of you. That connection is a simple network. And that is, in the end, all that is involved in
even the most sophisticated networks. People exchanging connections, or leads, based on trust...

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Customer Needs Assessment

A systematic assessment of customer needs. Customer Needs Assessments help companies explore and understand customer issues, challenges, and needs. Understanding the specific needs customers have is critical in developing successful new products. A Customer Needs Assessment can provide companies with the following information:
- Where challenges exist
- Quantification of current problems, and whether they are expected to increase, decrease, or stay the same in the future
_ Assessing the direct and indirect costs..

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Intellectual Capital Management/Measurement

Innovation, customer relationships, brand value, and employee motivation, along with knowledge and intellectual assets are powerful drivers of an organisation's future wealth. By evaluating intellectual capital organisations can become more efficient, profitable, and competitive. Some of..

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Supply Management - (Supplier Relationship Management)

Supply management includes the purchase and delivery of supplies for internal use,..

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Balanced Scorecard - (BSC) Human Resource (HRBSC)

The Balanced Scorecard (BSC) is a tool that translates an organisation's mission and strategy into a comprehensive set of performance measures that provide the framework for a strategic measurement and management system. It is basically a visual representation of an organisation's strategy. The BSC is a way of:
- Measuring organisational, business unit or department success
- Balancing long-term and short-term actions
- Balancing different measures of success - Financial, Customer, Internal Business Processes, Human Resources Systems & Development (learning and growth),..

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Maintenance Metrics - (Maintenance Programmes)

Maintenance metrics are used to record the effectiveness of maintenance procedures and programmes. By combining several metrics indicators can be derived to highlight conditions which may require further investigation. Key Performance Indicators (KPI) combine metrics and indicators to measure maintenance performance across a range of areas. Leading measures, (predictive) or lagging measures (reactive) may be used as part of maintenance systems. By measuring..

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Eco-efficiency

Eco-efficiency has been the World Business Council for Sustainable Development (WBCSD)'s response to the challenge issued by the United Nations' Agenda 21 for businesses to move towards sustainable development. The WBCSD defines this as 'the delivery of competitively..

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Agenda 21

As a result of the United Nations' Earth Summit (1992), Agenda 21, an action plan towards sustainability, was developed. Within this document Chapter 30 focuses on the responsibility of businesses..

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