Any business whether it is in manufacturing or retailing needs to prioritize procurement to reduce costs. New techniques have to be adapted to stay relevant for business objectives to transcend price wars and supply chain concerns. Implementing category management procurement a business unit can effectively manage spending based on the categorization and reduced overheads and extra costs. To achieve better results in this direction, category management was developed four decades ago with principles of project management. It channelizes the sourcing …
Category: Business
In today’s digital age, where anyone can say anything about a company, it is becoming increasingly difficult for companies to maintain brand reputation. If customers are dissatisfied with a product or service, they can publicly express their dissatisfaction online for everyone to see. As a small business owner, you know that your brand’s reputation can determine your success. A positive reputation can attract customers, increase sales, and build trust in your industry. Conversely, a negative reputation can lead to loss …
Globalization and digital technology are making it increasingly easy to hire employees in other countries. For companies searching for new talent, crossing borders provides access to deep pools of it. It’s no wonder even small companies are choosing to go international. Doing so, however, is not without its challenges, such as complying with the laws and cultural customs of individual countries. One mistake, and you may find yourself designated “company non grata” as you’re ushered out. If you want to …
Business visibility plays a big role in the success a company will have. Even if the company has a great business plan, people do not know what kind of company it is and what services it offers. Good self-promotion can improve sales figures, but at the same time, not spend a lot of money. What is Business Visibility? Brand visibility metrics can show how successful a company will be in the future. This term can be applied both in the …
Making the decision to switch energy providers can be a difficult one. On one hand, you may be looking for more competitive rates or more reliable services; on the other, you may be hesitant to abandon your current provider and jump into the unknown. The good thing is you can get a business energy comparison super-fast nowadays. In this blog post, we will take a look at the pros and cons of switching energy providers to help you decide if …