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Make or buy?  This is one of the most first questions asked when formulating a Manufacturing Strategy.  In fact, internal manufacturing of a product versus procurement from external supplier sources is a difficult decision requiring careful and thorough assessment of multiple elements. When evaluating the make-or-buy question in Manufacturing, there are 6 broad assessments to […]

To be a competitive in today’s digital age, it’s important to leverage the power of collective intelligence (CI). CI helps measure a group’s effectiveness on several tasks. The concept behind CI is that teams come up with better ideas when they share the information with one another rather than if they attempted to do it […]

Courier and logistics are among the fastest growing industries these past few years. There is a growing demand for courier services and reliable logistics, especially with the rise of ecommerce and online businesses. The world is converging into one big market and there are more opportunities for courier businesses to succeed than ever before. Still, […]

It is the ultimate question retailers should ask themselves. The answer should be “yes” at any given moment for at least their key products. Otherwise, customers whose expectations are growing nonstop will choose someone else to buy from. Maintaining the right prices in real time is a challenging job. It requires constant market monitoring and […]

Every small business owner must routinely find ways to reduce their expenditure, which could help to significantly increase their company’s profit margin. A savvy approach to your operations will ultimately allow you to boost your company’s finances, so you’ll have more cash to inject back into your business. To ensure your longevity in your chosen […]

Do you dream of never having to run the gauntlet of the morning commute to work? Would you like to enjoy the convenience of running a business from home? Thousands of people across the UK are already doing just that, and it won’t be difficult if you want to add your name to the list. […]

Financing VAT in arrears is not something a lot of businesses do as a matter of course. The typical business collects VAT on qualifying products and services then turns around and uses the money to pay the tax bill when due. A VAT finance package is generally sought only when a lack of cash flow […]

Cloud security is a multi-billion dollar industry, with their infrastructure being the main driver of advancing technologies. The growth of cloud technology, and the rate of adoption have shown the popularity of cloud platforms for businesses. The reasons are relatively obvious. Cloud technology allows for greater flexibility, more productivity, and are exponentially more profitable. Cloud […]

Teamwork is essential for businesses of every kind and every sector. Making sure that your team is able to work together smoothly and with minimal workflow interruption is certainly a challenge, especially for those business owners who are used to doing everything themselves. Greater team cohesion will improve your business in many ways, and finding […]

Whether you have a small business or a big one, running it can be stressful. There are a hundred things to consider every day, and one mistake can lead to a big disaster. So when you are running a business, you have to make sure that everything is perfect. You must not let a single […]

For a great number of businesses, having a world-class inventory management process is critical to the success of their operation. These businesses recognize the importance of always knowing their inventory levels, their inventory holding costs, and the movement of their inventory. To ensure that they always have real-time inventory data, most businesses now use inventory […]