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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.
Supply chain financing - (reverse, factoring, invoice discounting)Reverse factoring can help reduce the cost of financing significantly and accelerate payments to suppliers. By way of contrast standard factoring arrangements involve suppliers 'selling' invoices to a finance provider in return for early payment, and for this benefit the supplier accepts charges for the cost of funds being deducted from settlement price of the invoice. Reverse factoring improves.. | Target MappingTarget Mapping comprises the following steps: |
Inventory Cycle CountAn inventory cycle count differs from a traditional inventory check in which all items are counted and audited at the same time. Cycle counts are less disruptive and provide an ongoing measure of inventory accuracy and operations. The cycle count methodology is used to focus on items.. | Supplier Contract ManagementSupplier Contract Management involves the formalisation of supplier-buyer arrangements where one party supplies a range of products/ services (commodities) to the other, whereby the terms of business are documented in structured documents that provide clarity concerning the legal.. |
Senior Debt - (unsubordinated debt)Senior debt is a type of security that, in the event the issuer goes bankrupt, must be repaid before other creditors receive.. | Mezzanine FundsA mezzanine fund investment commonly consists of a debt or debt-like instrument combined with an equity funding. The equity component of the investment provides the mezzanine lender with longer term potential, while the debt component.. |
Interim Executive ManagementInterim executive management involves the temporary assignment of a seasoned executive to manage through periods of transition. Reasons for.. | Strategy AuditStrategy auditing can be defined as a systematic review of strategy and strategic processes for identifying weaknesses and reasons why profits do not reach predicted levels, and for identifying possible new areas that could add value to the organisation. Areas for examination include: |
Project management - Projects in Controlled Environments 2 (PRINCE2)PRINCE2 is a structured approach to project management. Divided into manageable stages, the method enables an efficient control of resources which encourages close monitoring of projects which are carried out in a controlled and organised.. | Project Management - Building Information Models (BIM)Building Information Models (BIM) utilise sophisticated open standard digital technology to establish a computer representation of all the physical and functional characteristics of a building facility along with its related project/life-cycle information. BIM is intended to be a repository of shared information for the facility owner/operator to use and maintain throughout.. |
Bayesian Networks (BN) - (belief networks, causal probabilistic networks, causal nets, graphical probability networks, probabilistic cause-effect models, and probabilistic influence diagrams)A Bayesian Network (BN) is a directed graph, together with an associated set of probability tables. The graph consists of nodes and arcs, with nodes representing uncertain variables and arcs representing causal or influential relationships between variables. A probability table is associated with each.. | Project Assessment by Simulation Technique (PAST)The Project Assessment by Simulation Technique (PAST) consists of four major components: |
