When you manufacture a product, its quality depends on the kind of raw materials you use. A product made from quality material turns out to be good as well. To ensure your raw materials are in good condition and free from any prominent defects or…
admin
12 Min Read
In most B2B firms, 80% of revenue comes from only 20% of accounts/customers. And those accounts are known as key accounts. The process of managing and nurturing these accounts to identify opportunities for penetration, expansion, and revenue growth is referred to as Key Account Management….
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5 Min Read
When it comes to running a successful business, the number one concern is inventory management. Because inventory alone accounts for 20-30% of the total business budget, and businesses are very finicky about how well they can manage inventory and prevent any disruptions in the overall…
admin
8 Min Read
Inventory takes up to 20% – 30% of the total business budget. Keeping track of inventory, aka effective inventory management, is the only way to keep a business running and profitable. However, the problem with inventory management is that businesses mostly focus on the products…
admin
9 Min Read
One thing that keeps your business running and your cash flow healthy is your balanced and well-maintained inventory. And if not maintained well, you can see cash flow disruptions, revenue drop, and poor customer retention. Many businesses in the US lose on average $1.6 trillion…
admin
5 Min Read
Bonded warehouses are storage spaces that are authorized and regulated by the country’s customs authority. These are used by businesses to store products to defer the payment of duties until the products are moved within the customs territory. These warehouses can facilitate international trade. There…
admin
4 Min Read
For e-commerce businesses, finding a cost-effective and reliable package delivery service is important because it can directly impact customer satisfaction and experience. Poor delivery service can negatively impact the business by damaging its reputation, leading to negative publicity. Today, we will dissect one of the…
admin
6 Min Read
When it comes to global commerce, the International Chamber of Commerce sets specific rules and roles to define the responsibilities of the seller and the buyer in the trade contract. DDP (Delivered duty paid) is an international commercial term also known as Incoterms. It is…
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