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Not
so long ago, companies found a competitive edge by employing
information technology to harness operational efficiency. The sheer cut
down on transaction process times fashioned a breeze of success, and
'paperless' was the buzz word. Bus boys stopped moving around the
office, and settled in a cubicle...
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The Internet is the perfect selling place. Considering the millions of
users involved, there's always a prospective customer browsing the web,
probably searching for your type of product/service too. But is the
customer able to find it? Probably yes, considering there are hundreds
of thousands of people browsing the...
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Think of a chemical or biological mixture from any industry be it
pharmaceutical, oil, semiconductor or clinical laboratory. To
understand the composition, qualitative and quantitative analysis are
essential. To know its composition ...
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Imagine a store in which you just walk in and pick up the required
items from shelves and just walk out. No waiting in long queues for
billing or no wastage of time and effort. Tracking of items, pricing,
total billing would be done automatically and total bill amount would
be deducted from customer's...
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Planning for the future is the essence of any business. Businesses need
estimates of future values of business variables. Commodities industry
needs forecasts of supply, sales and demand for production planning,
sales, marketing and financial decisions. Some businesses need
forecasts of monetary variables - costs or price...
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Paradigm changes in the way businesses have been operated in last few decades
have arrived through a knowledge revolution. Economic structures induce
flexibility through ever extending knowledge horizons. The new age
knowledge economy is instrumental in transforming the traditional brick
and mortar...
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The importance of communication and collaboration can never be stressed
enough in a supply chain. A well-documented example is of Volvo and
green cars. In the 80's, Volvo had a growing inventory of green cars.To reduce this growing inventory, a promotional campaign was initiated
which turned...
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