What is LOB management?

Line of Balance (LOB) is a management control process for collecting, measuring, and presenting facts relating to time (see Schedule Control), cost, and accomplishment – all measured against a specific plan. Comparing actual progress with a formal objective plan.

What are LOB roles?

Line of business managers have the following typical responsibilities: Reduce costs (administration, operations, IT, etc.) Reduce risks related to business processes. Maximize productivity & reduce processes lifecycle.

What is mean by line of business applied for?

A line of business is the set of products and services managed by a department or team. It is a term that can apply to any industry but is particularly common in banking and insurance. Lines of business may be divided by product type, customer size, customer needs, channel and brand.

What is line of business in banks?

Share. A bank operating loan (also called a line of credit) is a short-term, flexible loan that a business can use as needed to borrow up to a pre-set amount of money.

What does LOB stand for in business?

Line of business
Line of business (LOB) is a general term that describes the related product or services a business or manufacturer offers.

What does the word LOBs mean?

1 : to let hang heavily : droop. 2 : to throw, hit, or propel easily or in a high arc. 3 : to direct (something, such as a question or comment) so as to elicit a response.

What does the word lobs mean?

What does LOB mean in banking?

Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need.

What is lob revenue?

Lob’s official website is www.lob.com. What is Lob’s Revenue? Lob’s revenue is $16 Million.

What does LOB mean in finance?

Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, “line of business” also has a regulatory and accounting definition to meet a statutory set of insurance policies.

What does lob mean in claims?

Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, “line of business” also has a regulatory and accounting definition to meet a statutory set of insurance policies.

What does lob stand for in sales?

What is an lob (line of business)?

Share this item with your network: 1. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage.

What is the meaning of LOB managers?

In this particular example, the reference to LOB managers refers to people who have money to spend on IT services. The term “IT stakeholders” is often used instead. You could translate the term to a Chinese phrase that means “business leaders” without any harm.

What does lob stand for in a call center?

LOB it is the acronym for line-of-business. it is a general term that describes the products or services offered by a business. Short for Line of Business, some call centers services different products on the same Brand name, for example: Retail customer service, Online customer service, Retail support, Escalated teams, Fraud prevention, etc.

What is a lob in marketing?

This can be the full range of products of a company or a part of it. The LOB leader is responsible for the allocated LOB. The responsibility can range from pure marketing, i.e. design, pricing etc. (cost center), to promotion etc., to the full line and result (top and bottom line) responsibility of that LOB.

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