Reducing the lead time by doing stock categorization improves overall productivity, resulting in higher revenues and profits. The Lead Time is the amount of time taken for a particular Stock Item to reach the warehouses from the date of ordering. Longer lead times often result in inefficiencies and wastage of resources. Businesses should review their […]
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5 Simple Steps to Manage Inventory Effectively
To Manage Inventory Effectively, identify and respond to trends to ensure there’s always enough stock to fulfill customer orders and proper warning of a shortage. It also prevents product and production shortages. Prevent excess stock and too many raw materials and much more.
How to Measure and Improve Brand Image?
It is a perpetual work to measure and improve brand image. Strong branding generally means there is a positive impression of the company amongst consumers. Further, they are likely to do business with you because of the familiarity and assumed dependability of using a name they can trust. Find out, how to measure and improve brand […]
How to Use Colors to Influence and Drive Up Sales?
Do you know? Colors can influence and drive up your sales! Whether we realize it or not, colors play an important role in both the conscious and subconscious decision to purchase a product. This is because colors have the ability to make us feel a certain way and in turn, can trigger us to buy […]
4 Foolproof Sales Tactics to Make a Sale in Business
To execute a foolproof sales tactics to make a sale in business. You need to understand people are emotional buyers, and tend to purchase something on how it feels rather than the logic behind it. Understanding the basic psychology of your customers will make your sales and deals far more successful.
What Is Elevator Pitch and How to Make It Exciting?
The elevator pitch is your all-access pass to explain your idea in the simplest and shortest timeframe. An exciting elevator pitch which will get your idea off the ground or take it to the next level. Entrepreneurs and startup founders know it well that they need to pitch, always. If you want to attract investors, customers, […]
The Ultimate Guide to Protecting your Intellectual Property
Protecting your Intellectual Property (IP) is designed to prevent anyone else from taking your idea or creation and profiting from it, unless they obtain your permission. Intellectual property rights are the rights you have to anything you create as a result of your original ideas. If your ideas and creations have economic value, you will […]
What Is Intellectual Property (IP) And Types of Intellectual Property?
Intellectual property (IP) represents the property or creations of your mind or intellect. If you develop a new product, service, process or idea it belongs to you and is considered your IP. You must formally register your IP to ensure legal ownership.
What Is STAR Method and How Its Used to Structure Interview Questions?
The STAR method is a recognized way to structure interview questions. It is used as a technique to assess talent during a recruitment process. Further, the same STAR method can also be used to answer interview questions clearly.
3 Building Blocks of Negotiation to Be Master Negotiators
Unfortunately, most people are not natural-born master negotiators. The good news is that research consistently shows that most people can significantly improve their negotiation skills through education, preparation, and practice.