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The process of using a company's resources in the most efficient way possible. These resources can include tangible resources such as goods and equipment, financial resources, and labor resources such as employees. Resource management can include ideas such as making sure one has enough physical resources for one's business, but not an overabundance so that products won't get used, or making sure that people are assigned to tasks that will keep them busy and not have too much downtime.
Agreed Mr. Shabbir, thanks for the detailed reply.
Dear Mr Zafar, according to your question "Resource Management" is how you handle the day to day affairs of your business, including how you pay your debts, collect on debts owed to you, deliver your service or product to customers, and manage your inventory. Your proven ability to manage the resources of your business is a prime consideration when a lender is determining whether or not to approve a loan. There are a few areas in which you will need to appear strong in order to make a favorable impression on a prospective lender.
Human Resource Management (HRM or HR) is the management of human resources. it is designed to maximize employee performance in services of an employer's strategic objectives. HR is primarily concerned with the management of people with in organizations, focusing on policies and on systems
It is technique to manage change requirements, assess resource re-allocation impact & create real-time resource reports and to allocate resources to priority projects
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