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 […]
Product
How to Accelerate Your Business Opportunities with Survey?
Discovering new business opportunities can be very challenging! Especially without quality market research. It is never a good idea to enter a new business before doing research. Fortunately, surveys can help provide market research that is coming directly from customers. If you ask your customers the right questions, analyzing their results can help you discover new business opportunities […]
How to Use Marketing Research to Find New Opportunities?
Marketing Research is all about understanding your customer as well as yourself, and know what it takes to compete; So that you make better decisions and are more likely to succeed. Businesses need marketing research to set objectives, uncover opportunities, and fine-tune its strategy.
How to Improve Your Product Packing, Marking, Labeling for Exports?
An exporting company wants its products to arrive at its customer’s door on time, in one piece and free of legal tangles, the Exporter needs to take special care in Product packing, marking and labeling the goods.
What are Features and Objectives of a Business?
Business is an economic activity of production and distribution of goods and services. It is an economic activity corned with creation of utilities for the satisfaction of human wants. It provides a source of income to the society. Business results into generation of employment opportunities thereby leading to growth of the economy. It brings about […]
How to Successfully Launch Your Product in A Foreign Market
Launching your product or service in a foreign market is an extraordinary new opportunity to expand your business internationally. If you’ve decided to take your business into international markets, your timing is good. So, how can you successfully launch your product in a foreign market?
5 Keys to Build a Better Product Prototype
No matter what you’re working on, how you prototype your idea will make the difference between a final product that’s outstanding or just mediocre. There’s no point putting hours into producing a fantastic product to let it down with some subpar prototype.
5 Foolproof ways to Successfully Launch your Product
It’s hard to successfully launch a product when so much energy is being expended just trying to make it. Learn these 5 foolproof ways to successfully launch your product.
8 Factors to Consider When Transporting Goods in Business Logistics
A business should strive for excellence in transporting goods in business logistics at an efficient manner to be successful. All these important 8 factors help the supply chain process by which customer needs can be fulfilled by a business.