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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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About 48 million people (1 in 6 Americans) get sick, 128,000 are hospitalized, and 3,000 die each year from foodborne diseases, according to recent data from the Centers for Disease Control and Prevention. This is… The FDA Food Safety Modernization Act (FSMA) Affects the Entire Food Supply Chain
Inaccurate inventory leads to loss of sales, poor customer experience, and may indicate a more drastic issue of retail theft. Inventory Records Accuracy (IRA) is an area most business people take for granted. Daily Cycle Counting… Avoid the Mistake of Taking Inventory Accuracy for Granted
Forming a relationship or partnership with a Third Party Logistics (3PL) company is an important decision. When visiting the 3PL’s facilities for the first time, it is important to come prepared. Be prepared to ask… Meeting a 3PL Provider for the First Time? Be Prepared
What is Value Analysis? It is an orderly and creative method to increase the value of an item. This “item” can be a product, a system, a process, a procedure, a plan, a machine, equipment,… With Proper Value Analysis, Cost Reduction Is Guaranteed