UKN Eduzone

MODULE 1 INTRODUCTION  📌BUSINESS OPERATIONS Business operations refer to the day-to-day activities and processes that a company undertakes to produce goods or services, generate revenue, and ensure smooth functioning Key Features of Business Operations: Production: This involves the creation of goods or services, from sourcing raw materials to the final product or service delivery.   Marketing: This encompasses activities like market analysis, product development, advertising, sales, and customer relationship management to identify and satisfy customer needs.   Finance: This area manages the company's financial resources, including accounting, budgeting, and financial reporting.   Human Resources: This involves managing employees, including recruitment, training, performance management, and compensation.   Technology: Businesses rely on technology for various operations, including inventory management, customer re...

MATERIALS 👉Material is the most important element of cost.  👉In many manufacturing concerns, material cost constitutes nearly 50 to 70 per cent of the total cost of manufacturing. 👉 proper planning and control of materials is quite essential. Classification of Materials Direct materials:  Direct materials are those materials which are directly entering into production and become a finished product.  Direct materials can be easily identified in the product and can be directly charged to product, job, or process Indirect materials:  Indirect materials are those materials which cannot be directly charged to product, job, or process Material control simply refers to control over materials.  Material control may be defined as "a system which ensures the provision of the right quantity of materials of the right quality, at the right time and place at the minimum cost".  It is a systematic control over...

CORE BANKING  Core banking refers to the centralized, real-time system that enables banks to manage their core operations like customer accounts, deposits, loans, and transactions across multiple branches