by Chris Clayton | Nov 9, 2016 | Tricord International
One way of improving your profitability is controlling your inventory. The different profits levels of your income statement are affected by the way you source and manage inventory. You cannot achieve maximum operational efficiency if you ignore the ways of using...
by Bobby Monger | Sep 9, 2016 | Tricord International
Whether you’re a part of the manufacturing or services industry, you can boost your bottom line by understanding the ways of accurately calculating total landed cost. The total landed cost or total cost of landed shipment is the sum of all costs associated with...
by Chris Clayton | Aug 9, 2016 | Tricord International
Many American and European economists argue that currency manipulation is an issue that the world economic policy needs to address. The process of countries keeping their exchange rates weak and the dollar strong by selling their own currencies in the foreign exchange...
by Bobby Monger | Jul 9, 2016 | Tricord International
Sourcing departments in most client-provider partnerships maintain working relationships with suppliers that are generally overly formal. Unfortunately, such formality can hamper the trust and good communication required to bring about longer term value to both the...
by Chris Clayton | Jun 9, 2016 | Tricord International
Often businesses fail to acknowledge the ‘real’ influence suppliers have on their quality performance. Today, many businesses are sourcing from geographically distant places as a result of globalization and an increased demand for purchased goods. A common sight is...
by Bobby Monger | May 19, 2016 | Tricord International
It is quite interesting that many managers are ready to opt for speculated cost savings but are never willing to accept speculated earnings. Today, companies adopt different measures to save cost. This includes measures such as inventory reduction, full truckload,...