Companies seeking to maximize profits must keep in mind many things. For manufacturers, it’s not just the cost of raw materials that impacts profits. It’s the costs of labor, taxes, shipping and more.
Manufacturers must also weigh the pros and cons of the location for their operations very carefully before making the decision to set up operations or relocate. For example, shipping costs can steal profits away from thin margins.
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How much time are you currently dedicating to nurturing your leads? Have you given much thought into how to effectively engage each individual, or are you simply throwing general marketing campaigns in their direction hoping they will bite the bait?
Manufacturing is entering its fourth phase or stage, and it’s time to acknowledge that it’s changing for good. The world of manufacturing got its start during the first Industrial Revolution, when machines made everything from producing cotton to weaving textiles easier. The second Industrial Revolution found manufacturers like Henry Ford incorporating mass production techniques into their factories to quickly and inexpensively bring goods to the public.
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We’re already in the middle of Q3, and rapidly heading towards the end of the fiscal year for many companies. Have you started your business planning yet? If not, then first take a good look at your
business intelligence data. BI data can be used to create more effective business plans.
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As a company, it is crucial to meet the business needs that are delivered in accordance with business requirements and managing the service cycle. That’s why having a service manager implemented can assist your business with the day-to-day activities directed by policies, organized and structured processes.
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On average, how much time are you spending creating and analyzing financial reports? How long does it take you to deliver completed reports to requestors? A mere couple of hours or weeks?
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Professional service companies are always looking for ways to maximize productivity, but how? There’s only so many hours in a work day that it is important to make the most out of it. To be more productive isn’t difficult to achieve, but simply knowing how to effectively manage your time can go a long way.
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The Human Resources function is on the cusp of great changes. Yes, HR still manages benefits and workplace standards, but they also lead the charge for learning, employee engagement, and talent recruiting. Here’s how the role of human resources is changing in the workplace, along with some food for thought for your company’s HR function.
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