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A New Paradigm to Address the High Cost of Vendor Qualification

When FDA inspected a Heparin supplier, Shanghai No. 1 Biochemical & Pharmaceutical Co. Ltd., they thought they were seeing the real plant. It turned out that it was only a show facility. The real plant was a shadow plant located somewhere else. The US-FDA Warning Letter later stated, ?The inspection revealed that the facility was [...]

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No Comments | Posted in Business Management

How to Practice Downsizing Without the Negative Effects

When there is a downturn in the economy and sales start to plummet, one of the first things many businesses start to do is downsize in an effort to curb costs. Since the early 1980?s, this has become a common practice for many businesses. The negative effect on employees is one of devastation. Those who [...]

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Determining Energy Savings Using Utility Bills: A Winning Method For ESCOS

Introduction: Energy Savings Tracking Methods
After installing energy conservation measures (ECMs), Energy Service Companies (ESCOs) often determine the energy savings resulting from the project and present the savings results to their customers. A common way to calculate energy savings is to measure the flows of energy associated with the ECM, and then to apply spreadsheet [...]

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No Comments | Posted in Finances

An Enlightened Approach to Budgeting and Goal Setting for the Energy Manager

ABSTRACT
Every year energy managers need to report how much energy they saved and whether or not they met their energy savings targets. Most energy managers present reports comparing their current year’s usage to energy usage from a previous year. Savings targets are typically a percentage of that previous year’s usage. Setting targets and comparing in [...]

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Big Payoff For Being Prepared For a RAC Audit

A Recovery Audit Contractor (RAC) can create complete chaos in a company when you are not prepared. In 2003 Congress directed the Department of Health and Human Services (DHHS) to conduct a 3-year demonstration program to detect and correct improper payments in the Medicare program. And by the end of this demonstration program reclaimed over [...]

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No Comments | Posted in Business Management