A supply chain is the system of businesses and individuals involved in creating and supplying a product or service. To provide just a short background of supply chains, let’s discuss what some of it entails. Some activities that make up … Read More
Business owners and entrepreneurs are inundated with decisions when first venturing out into the complex world of business. One of these essential decisions includes answering the question of whether their business should sell B2B or B2C. What does this mean … Read More
Profitability is an important part of any business. Therefore, as a business owner, it is important to know how to improve profitability in order for the business to grow. In this article, we will provide you with steps on how … Read More
A make-or-buy decision is an act of choosing between processing a product in-house or purchasing it from an external supplier. Another term for this is an outsourcing decision. This decision compares the costs and benefits related to producing a beneficial … Read More
With the rising demand for various warehouses, you must choose a warehouse that can suit your business operations and requirements. If you are a business person dealing with the storage of goods, you might think that you will only rent … Read More
For those new to the world of stock and shipping, you may be wondering what safety stock is. This is a term that logisticians use to refer to an extra layer of stock used as a buffer. This buffer is … Read More
The retail and manufacturing worlds are continuously evolving and with this, more companies are looking at internal supply chain processes as a way to increase their revenue. One of the ways to do this is to shave the margin of … Read More
The transportation and logistics business has more facets to it than a diamond. If you have a business in the transportation industries, understanding the difference between these various elements is crucial – and the businesses that don’t will almost be … Read More
The year 2020 rapidly transformed the lives of people all across the globe. No matter what happens next, some changes are likely to be permanent. An estimated 60 percent of US businesses that were forced to shut their doors as … Read More
Beer is a serious subject for those who love to imbibe. Even the casual drinker has their preferred brand or style. The beer industry has been dominated by the same big names for generations, and while this was okay for … Read More