Inventory Analysis Can Save You Money! In retail, food service, and manufacturing, Inventory Control is imperative. Minimum and maximum ordering levels will help assure you that you have the right quantities on hand. Not too much and never running out is the goal. Running out of inventory is an obvious concern; got nothing to use […]
A Case Against Outsourcing As a matter of fact, I knew the guy that invented the term “Outsourcing”. He was a mentor, a friend even though we disagreed on this topic all the time. God rest his soul. The reason I disagreed with him was because of an experience I had with a company that […]
Algorithms, Friend or Foe? What is an algorithm? An algorithm is a step-by-step procedure or a set of rules designed to perform a specific task or solve a particular problem. It provides a clear sequence of actions or instructions that can be followed to achieve a desired outcome. More simply put, it is simply a […]
Everything You Didn’t Want to Know About Gift Certificates Ever wonder if there was any benefit or difficulty in offering Gift Cards (GC) or Gift Certificates to your customers/clients? They can be a good way to gain new customers and provide opportunity to show what a great job you do. GC customers that paid […]
Can Politics Affect Your Business? Before you think that I am about to touch the third rail, be assured that I will not be taking any political stance. How you vote is fine by me, and I will vote the way that I see fit. Also, know that your business or commerce in general, are […]
Are You Unique Enough? You have heard us say that businesses are not unique from industry to industry. But when we say that we are referring to “the business of being in business”. And indeed, when a business violates any one of the simple “laws of business” they are flirting with failure. Today, however, we […]
10 Things You Need to Know as a Business Owner We often talk about different topics in some depth that are of interest to, and challenges for, Business Owners. Today we have complied a list of topics that every Business Owner should be adept at or have staff members that are experts at. There are […]
Are Meetings Counterproductive? I suspect that the title of this article is answered quickly by most with the same simple answer and that answer is most often “yes”. All too often we get into a meeting, and we hear a rehash of the previous week’s meeting with little nuance. Now that we can attend […]
Kill the Queue! In my long career there was one book that inspired me, helped me tremendously, and haunts me wherever I go. The book by Eliyahu M. Goldratt is “The Goal: A Process of Ongoing Improvement”. It is about the “theory of constraints” which leads me to what I call “throughput management”. I […]
Yield Management Last week we talked about discounting, the uses and pitfalls of discounts. It was not a question of should or shouldn’t I discount, rather the how and when of discounting. This week we want to talk about Yield Management and how that might fit into your discounting or pricing models. Yield management, […]
All Content Copyright © Resources-Development.Com
Privacy Statement