A supply chain analysis involves quantitative analyses of inputs and outputs, in terms of cost and value added through a chain of supply agents. Value may be expressed in terms of monetary value from the point of entry up to the time they are put out into the market. If you have used the same analysis process and it does not tally with analysis from other quarters such as financial reports, then it is time to take a second look at your analysis method. Continue reading
A business owner or manager interacts with people daily that help to improve the company’s bottom line. They have to know the right people and organizations to build relationships with, which will be able to promote the correct interests and help guide them to increased revenue. This is why business partnerships and connections are so important, but for many companies it cannot just be a single person doing this work.
Running any business with a supply chain requires analyzing each component to make sure the company is running as efficiently as possible. Whether your business is in home improvement, hi-tech, retail or any other industry that involves costs, you need to reduce waste and maximize productivity. Supply chain analysis is the study of vendors, manufacturing materials, value, functions, costs, processes and forecasts to make sure your company is as profitable as possible. Continue reading