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 […]
Products
3 Traits You’ll Need to Be Serial Innovators and Entrepreneurs
Serial Innovators and Entrepreneurs appear to be blessed. They aren’t just lucky enough to have a single right idea at the right time; they keep coming up with more bright ideas that make the world better, or at least are valued enough for a profitable business model. While innovation and market success do not always have […]
How to Get Ready to Start an Export Business?
Exporting is not a quick fix for growth or poor local sales. It requires a strategic intention to implement, and dedicated efforts in assessing the potential in export markets. It’s therefore important to commit to the export process.
How to Pitch Your Business, Products and Services?
Whether you’ve been toying with the idea of starting a side hustle or have been well on your way to making the leap into entrepreneurship, having a business means you’re in charge. All of the big decisions fall on you. If you need to get the word out about your business, products and services, it […]