Top 7 Supply Chain Elements for Business Success

Supply chain is undoubtedly a significant determining factor of competitive advantage. Usually, the part in which most companies face ineffectiveness is often the supply chain. It involves all of the products and raw materials that go into a company to the finished products that go into the consumers’ hands. Managing a supply chain effectively require planning, […]

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How to make the most of your training budget?

It is vital to make strategic investments in employee development for empowering teams and ensuring the continued success of a company. In fact, training expenditures in the U.S. cost $70.65 billion in 2016. It has been noted however that a good amount goes to waste when employers don’t consider the specific needs of the company and employees of […]

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5 Steps to drive value into the Supply Chain

In today’s rapidly evolving and competitive corporate environment, it is essential to shift from a traditional transaction-based (more tactical) to a value-oriented supply chain for companies to recognize their full market potential. Driving value into the supply chain means more collaboration and the ability to obtain the relevant data needed to make quicker and more […]

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Overcoming Employee Engagement Challenges

Low employee engagement represents a major challenge for various organizations. It is essential that businesses engage with their staff to keep their workforce motivated and productive since the poor employee engagement can lead to a company’s downfall. A 2012 report states that companies around the globe are spending $720 million USD a year on improving […]

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Proven Methods for Achieving Employee Satisfaction

Recent research has revealed that 55.6% of workers in the UK are currently unhappy with their jobs. While this may not surprise most people, what is shocking is a 2017 Express report showing that “UK workers have one of the lowest levels of job satisfaction in the world.” Although it may be easy for employers to ignore […]

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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 […]

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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 […]

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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 […]

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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 […]

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