Digital Transformation Top Slideshare’s Worth a Look
For those new to digital transformation, the topic can be overwhelming. While those well experienced in keeping their organizations on the cutting edge of digital trends must constantly remain vigilant for the next best thing, the red queen syndrome at is finest. But why drive ahead? Because those who settle will become extinct. With that said, often slides […]
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Calculating Inventory Carrying Costs Per Square Foot of Warehouse Space
Calculating carrying costs of inventory for each square foot of your warehouse is simple. All you do is take all your inventory costs and divide it by your square footage. It all sounds easy doesn’t it? If only it were that simple. While it sounds simple enough, it’s the time needed to amalgamate these costs that […]
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Procurement Management: Methods and Process
Procurement management is a essential leg of the operations stool that includes budget control and finance management. Any physical based business requires supplies and materials from 3rd parties, outside sources, to finish projects and allow numerous departments to function effectively. A highly trained procurement manager benefits every sector of a business by being skilled in the nuances […]
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Advantages of E-Procurement
The process of sourcing products online, also known as e-sourcing or e-procurement, is a proven way for businesses and business owners to save money while at the same time improving the efficiency of their supply chains. From the smallest businesses to the largest enterprises, virtually ever business can benefit from this proven strategy. The advantages […]
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Ensuring Successful Procure to Pay Automation
Your company’s ability to grow and thrive depends on your willingness to embrace strategies that improve your efficiency. One of the critical ways for businesses to become more efficient is to automate their procure-to-pay (P2P) processes. While this approach offers many benefits to business owners, some procurement directors remain resistant to it. Have you been searching […]
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