Management, Books and Learning

  The core of business consulting is to solve problems. Client problems statements can vary in terms of what is known and how well-articulated they are.   For example, some problem statements consultant may face are: a) How much should I bid for wireless spectrum in the top 25 metro areas in the United States in X, Y, and Z auctions? b) How can I leverage the data I am collecting already and launch a business in this adjacent market? c) How should I link my customer relationship management system more closely with my web presence and accounting system? d) I need to reduce my customer response times and cost structure for services. What options do I have, what should I do, and can you help me make the changes?   For the problem statements above, each problem statement focuses a little bit different in terms of weight on analysis, strategy development, incubation, and execution required.   You will find consultants that tend to focus more on analysis and strategy...

Retail Pricing - Different Types of Pricing Models The sale of goods from fixed points (malls, department stores, supermarkets and so on) to the consumer in small quantities for his own consumption is called as retail. According to the concept of retailing, a retailer doesn’t sell products in bulk; instead sells the merchandise in small units to the end-users. Retail Pricing Cost Plus Pricing Mechanism Every organization runs to earn profits and so is the retail industry. Cost plus pricing works on the following principle: Cost Price of the product + Profit (Decided by the retailer) = Final price of the merchandise. According to cost plus pricing strategy the retailer adds some extra amount to the actual cost price of the product to earn his share of profits. The final price of the merchandise includes the profit as decided by the retailer. Cost Plus Pricing Cost plus pricing strategy takes into account the profit of the retailer. Cost plus pricing is an ...

Start saving by using these  8 Inventory Management Techniques Why Inventory Management Is Important Holding inventory ties up a lot of cash. That's why good inventory management is crucial for growing a company. Just like cash flow, it can make or break your business.  Inventory Management Saves You Money Good inventory management saves you money in a few critical ways: Avoid Spoilage If you’re selling a product that has an expiry date (like food or makeup), there’s a very real chance it will go bad if you don’t sell it in time. Solid inventory management helps you avoid unnecessary spoilage. Avoid Dead Stock Dead stock is stock that can no longer be sold, but not necessarily because it expired. It could have gone out of season, out of style, or otherwise become irrelevant. By managing your inventory better, you can avoid dead stock. Save on Storage Costs Warehousing is often a variable cost, meaning it fluctuates based on...