Cost Benefit Analysis should be the driving force when speculating. There are many different methods available to manage inventory. The most effective will always involve attention to detail, offer a precise accounting of the volume at any given point in time, and...

Have you ever gone to a psychic or a gipsy with a magic crystal globe to see your future? No? But you must have seen it on TV or in cartoons at some point in your life, so you know how the story goes. The globe reveals the future and provides a guide on what’s to come...

With smart break-downs, everyone’s job is easier. Insight: Many organizations struggle to gather and process their financial information because they utilize only one system to process every transaction. The following flawed system represents for example, the usual...

Quality Control Standards (QCS) ensure excellence in the delivery of products/services. With strong QCS, a company will remain competitive and grow its consumer base, and therefore develop a strong brand. The reason why many companies do not favor a complete...

Big data is still data, but it is large or massive. It is a collection of data that is complex, massive in size and continues to increase with time. It is challenging to process big data if a person or institution uses traditional methods. Due to its size and...

Artificial intelligence, is machine intelligence. Unlike that of animals or humans, Artificial intelligence is anchored on human innovation, creativity, the invention as well as knowledge. These machines are programmed to think and process data like humans. These...

Selling is a Route with multiple shortcuts. Optimum Distributions Channels (ODCs) represent the best supply avenues a company can establish. ODCs are extremely critical in the operational process of an organization because the decisions to set up specific avenues will...

Simplify your decision-making process and your life will get simpler. Insight: In many organizations, the production of any quick management report is very difficult. The creation of these reports may require a considerable amount of labor time as well as tedious...

Having a rock solid strategy is easier than you think. Insight: There are multiple pricing structures and strategies available to implement. For instance, a smaller company with hopes of integrating a larger market may engage in price penetration strategies. With this...

The cooperation between Water and Sand is why we love the beach. Many organizations use erroneous formulas or the wrong approaches when classifying which costs are direct and which are indirect (overhead/fixed). This creates a significant managerial problem because...

Every company survives because of the income it receives from selling its products or services. Sounds obvious, right? Perhaps not. Many companies are in such a hurry to “make the sale”, that the correct amount of preparation and forethought is not undertaken when...

The Investment Analysis provides the answers to support an infusion of new of capital. It also determines your capacity to repay it if it is incurred as debt. FACTS: Most businesses do not possess the required tools and resources to evaluate properly their...