How A Private Money Market Would Work?
The past few generations have become used to money being issued by the government. Hence, there is an implicit assumption that maybe this has always been the case. However, this is not the case. Many people will be surprised to know that creating money was not always the job of the government. Private money was […]
The German Small and Medium Enterprises (SME) Story
Germany has the second largest exports in the world. They are second only to China. This is remarkable given the fact that Germany is a first world country with very high labor costs. The Chinese pay slave wages to their workers and make them work for longer hours. On the other hand, the Germans pay […]
ERP Package – Sales Module
In the context of growing market competition, organizations are focusing more on closer partnership across supply chain. Increasing efficiency in sales and distribution process facilitates an organization to maintain its competitive edge. Best practice processes, embedded in an ERP package, are an enabler in this direction. The important components of sales modules: Sales inquiry handling. […]
What the rise of Cloud computing means for the IT Industry?
The Emergence of Cloud Computing While much has been written and said about the emergence of Artificial Intelligence and how it has the potential to disrupt the software and the IT (Information Technology) industry with its ability to do away with lesser skilled jobs as well as ensure that the industry enters into a new […]
Repetitive and Process Manufacturing
Conventional shop floor control functionality of an ERP system, for the most part, is suitable for discrete manufacturing. However, during last two decades, interest surged for Just in Time manufacturing technique which is suitable for high volume repetitive manufacturing. New functionalities in the ERP system were developed to support repetitive manufacturing so as to maximize […]
The scatter plot can be a useful tool in understanding the type of relationship that exist between the inputs (X’s) and the outputs (Y’s)
On the other hand a negative relationship is one where more of one input leads to less of another output. This is also known as an inverse relationship.
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