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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Business Transformations have become a necessity in the fast-changing technological and competitive business environment. Transformation is characterized by significant and risk-laden Restructuring of a company, with the objective of accomplishing Operational Excellence and changing its… 5 Critical Success Factors for Successful Business Transformation
A significant number of Mergers remain unsuccessful, because companies do not employ a thorough and disciplined approach to realizing Post-Merger Integration Synergies. In reasons for failure, we hear remarks like: Targets were set several months… 6 Strategies for Post-Merger Integration Synergies
Cut-throat competition in industries has driven companies to find ways to reduce costs while increasing efficiency. To accomplish this, most companies have skillfully endeavored to streamline Sales, Operations Planning, Forecasting, Inventory Management, and Logistics. One… Supply Chain Management: 6 Building Blocks of Warehouse Cost Reduction
Warehousing costs at most firms are extraordinarily higher than they ought to be. Across the world, organizations spend around €300 billion annually on Warehouse Management. With the boom in online retail stores and the increasing… Warehouse Costing: Cleansheet Analysis
Digital Transformation has propelled technologies and innovation in Logistics. Artificial Intelligence is taking charge of a number of repetitive logistics tasks. Organizations are benefiting from Automation in streamlining their cumbersome processes and cutting down delivery… 5 Obstacles Impeding the Adoption of Automation by the Logistics Sector
The introduction of emerging, digital technologies has ushered in the Fourth Industrial Revolution. To keep the competitive advantage in this era of Digital Transformation, leveraging contemporary technology is an absolute necessity. Using cutting-edge technology means… 11 Pillars of Quality 4.0 Framework
Technological advancement has come a long way. Artificial Intelligence is taking charge of a number of repetitive logistics tasks. Organizations are benefiting from Automation in streamlining their cumbersome processes and cutting down delivery times. Automation… 3 Trends Driving Logistics Automation
Companies looking to improve efficiency and reduce costs can gain significant ground in the Supply Chain Management function by incorporating Lean Management and Six Sigma techniques. Reason this area has gone under the radar is… Supply Chain Management: 2 Phases of Transportation Cost Reduction
Shortage of labor, intensified demand from e-tailers (online retailers), and technological disruption is forcing organizations in the Logistics and Warehousing industry to embrace technology, particularly Automation. An investment in automating the picking, packing, sorting, storing,… 10 Technologies of Warehouse Automation
Supply chain management across industries is being revolutionized at a rapid pace by technology. By implementing technology systems, supply chain organizations aspire to eliminate waste, meet customers’ needs at reasonable costs, and ensure profitability. Enterprise… Suffering Profit Leaks? Use Cost-to-Serve (CTS) Analysis to Prevent Them
It goes without saying that it’s been a tough year for everyone, but for small businesses especially. The global pandemic has caused a huge shift in lifestyle and movement, resulting in an economic recession that’s… Top Grants by State for Businesses Struggling to Survive
Manufacturing today entails immediate yet informed decision making. However, with increasing levels of sophistication and production, senior leadership often has limited time to make optimum decisions pertaining to the number of unanticipated issues surfacing from… How to Utilize Internet of Things (IoT) System to Expedite Decison-Making in the Manufacturing Sector?