Best Practices for Managing Strategic Suppliers effectively

Managing strategic suppliers effectively is essential to drive competitive advantage for modern global organizations. The key lies in the ability to extract the best from key partners. The presence of strategic vendors and suppliers is critical to provide products or services that meet your company’s major demand requirements and plays a vital role in your […]

Applying Spaced Learning for a more effective corporate training

As an innovative method of learning, spaced learning has been creating a buzz since the last few years. The technique includes a sequence of short, intense training sessions with increased learner involvement, separated by short pauses during which students do a totally different activity. A number of people are involved in the creation of this […]

4 Mistakes Businesses Make When Training their Employees

Training is key to employee retention, with statistics showing that around 40% of employees who receive inadequate job training leave their companies within one year. Interestingly, a recent survey by McKinsey & Co. found that only 25% of respondents to a 2010 survey felt that training improved employees’ performance. Why are so many companies unhappy with the […]

Training Best Practices leading to Organizational Success

Organizations have realized that continuous learning and development is a crucial ingredient for success. More and more companies are investing heavily into training and development programs in the hope to increase productivity and profitability. According to the 2017 Training Industry report, the 2017 U.S. training expenditures rose significantly, increasing 32.5% to $90.6 billion. Businesses are […]

Why is logistics training so important to Supply Chains?

As an integral part of supply chain management, logistics plays an important role to keep the supply chain strong. It plans, implements and controls the flow and storage of goods and services in order to meet customer’s requirements. Logistics management cannot be overlooked as it contributes greatly to the success of any company’s operations and […]

Understanding the role of finance to ensure effective strategic planning

Having clear financial goals and metrics allow firms to implement strategy and track success.  Business leaders daily make important financial decisions such as scheduling operations, hiring and firing personnel, preparing a budget, approving a capital investment, or sending an invoice for payment. However, very often those managers do not have the necessary skills to understand […]

Demand Forecasting: The key to a more effective Supply Chain

In today’s evolving corporate world, an effective and performing supply chain is crucial for success. However, various companies face challenges such as their inability to meet customer service expectations despite having high levels of slow-turning inventory. This is usually what an under-performing supply chain leads to. It is the result of poor forecasting accuracy, ineffective […]

Best practices to improve Supply Chain productivity

The supply chain is now increasingly viewed as an essential determinant of competitive advantage. Organizations have realized that their supply chain is much more than the cost of getting products into consumers’ hands. Companies have recognized the importance of the supply chain in translating corporate strategy into daily interactions both within and beyond the organization. […]