Today, on World Micro, Small, and Medium Enterprises Day, we want to remember and emphasize the importance of these businesses in global growth together with representative groups of our Purchasing dept. #todaymatters
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Many people know the importance of cost savings, but they do not fundamentally recognize it and achieve true cost savings. Nowadays, many buying parties concern a lot on the price. As forth, for any suppliers, to win the business orders, it seems a trend to compete on the price. Because of that, all enterprises or companies focus more on the cost and manage every effort to make cost saving. Costs include tangible and intangible. Many companies just concentrate on the tangible cost and reduce whatever charges they can see. Therefore, ignore the intangible cost. For examples, any material shortage caused the ETD delay, may lead to client side’s supply issue. Supplier might be forced to rush for the production in shorter time which may lead to potential quality issue. And the client has to arrange air shipment to push to meet end-customer’s request ETD. Here the air cost brought is the tangible cost. The potential quality issue we somehow can call as the intangible cost. My conclusion is, every occurrence of a problem is worth pondering and learning from, we should work well in every step, in order to avoid similar problems and prevent the occurrence of new problems. These are intangible wealth accumulation, which to some extent saves a lot of potential costs.
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Reserve your spot. Before it fills up, act now! To sign up, go to https://lnkd.in/dviY3P4E! Many companies enter the export market without conducting any kind of study. This is not a good idea because exporting unsought-after goods can result in millions of dollars being lost. This video sheds more light on the profitability analysis, allowing you to assess demand, compare items, and determine which one has the greatest potential for exports. One of the ways to achieve this is to know your manufacturing cost; indirect or direct. My team can assist you with product profitable analysis. Send a DM today for your product profitable analysis! #GoGlobalWithUs #ExportBusiness #exportevent #earnindollars #sellonamazon #USStores #exportingtips #SME #ExportWorld
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International Trade Specialist- Supporting New Mexico's private sector who has a product and/or a service, and who is export ready and is seeking to grow internationally
One of the biggest hurdles to small business growth and profitability is a lack of effective management of trade logistics. This series will share insight on key logistics considerations, effective strategies, and important resources to assist. https://lnkd.in/grFTYw33
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Maverick Spending It is amazing how much money is spent where there might not be a lot of control or accountability. Here is a hint. Look at page 2 in this summary and you will see that if you have too many suppliers that are supplying similar products to different areas then maybe this is an excellent place to start to look for efficiencies.
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What are the hidden costs in your supply chain? 📦 Discover six crucial questions every business should ask when considering importing goods. Ensure your profit margins truly reflect all expenses. Read more ➡️ https://bit.ly/3WfeDTi Sign up for the newsletter! 📧 https://bit.ly/LBTnewslttr
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🔍 Real Talk: Is Buying Slowing Down Your Growth? 🔍 I’m Edward, CEO of Combi Works, and I’ve seen too many businesses get tangled up in their purchasing processes—spending too much, dealing with low quality, or getting stuck in excels or paperwork. We decided to do something about it. 🛠️💡 Our Supply Chain Service is like having a top forward for your procurement needs. It’s all about saving money, ensuring quality, and being sustainable, so you can scale worry-free. 🌱💼 Dive into our simple guide for growing your business with ease: https://lnkd.in/djUmW7Em Let’s make your procurement a breeze. 🌬️ #manufacturing #supplychainservice #CombiWorks
Making Your Purchasing Smarter: A Simple Guide to Growing Your Business
https://www.combiworks.com/en/
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How are things for your business? Slowing, Steady or Growing? Are you focusing on efficiencies and becoming more automated or....?
May Manufacturing Index Reflects Contraction
inddist.com
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Strategically Leading Business Growth and Expansion | Expert in Strategic Business Development and Business Strategy
Can it be done? Is cost the only thing that gives a business value? Why don’t businesses look at this more deeply? I’ll offer some comments specifically from a cardboard packaging perspective, but can it be done? Yes absolutely. And remember that costs are many and varied and quantifiable in different ways. Firstly, I will explain why businesses don’t do this as much as they should in my opinion. First reason is time; people don’t have the time to put into going through the possible changes. The next thing would be solid capital. What I mean by that is that businesses want to see solid pounds and pence in savings, rather than an invisible cost savings that could be behind the scenes. So, how do I combat these? The last one I have no control over, because we are all entitled to make choices, but the first two I can change. Time to the prospective client isn’t an issue, as it won’t take their time up. Add me to the supply chain and I will then put a plan together to evaluate how our packaging could drive cost efficiencies. As the old saying goes, if I had a pound for every review cost take out I did, I probably would be on a yacht someone sunning myself! Drop me a line and let’s talk, so we can see the bigger picture together. #supplychain #costtakeout #letstalk
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Business Strategy Consultant | Independent ERP Expert | Supply Chain Specialist | Advisor | Author | Speaker | Business Commentator
Today's economic conditions mean you must be as productive as possible. Most inventory policies have not been reviewed recently enough to reflect today's conditions. My inventory policy audit can help you reset the six areas of possible improvement in your business. If you are not sure what the six areas are - reach out for a discussion so I can show you the benefits, why it is important to your business and why it is costing you serious money.
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Maverick Spending It is amazing how much money is spent where there might not be a lot of control or accountability. Here is a hint. Look at page 2 in this summary and you will see that if you have too many suppliers that are supplying similar products to different areas then maybe this is an excellent place to start to look for efficiencies.
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