Supply Chain & Logistics Best Practices – are You Keeping Up?
We are told that the constant increase in computer processing power (one version of Moore’s Law states that computing power/dollar doubles every 2 years) is changing the way the world, and supply chains, operate. This article looks at some of the ways the Internet and other computer enabled technologies have created ‘best practices’.The question for [...]
Interpreting Productivity Rate
Productivity rate is an important economic concept that measures the efficiency of a production process which is basically the transformation of inputs into certain outputs. It may be affected by factors such as technological advancements, change in firm size and other changes in the organizational structure.Some economists simply define productivity as the ratio of the [...]
Avoiding Common Legal Mistakes?
Small business owners make legal mistakes all of the time, which often results in the downfall of a company. Without the proper knowledge, business owners find themselves repeating the same mistakes. The SBA (Small Business Association) stresses the importance of ending the circle of disastrous legal errors by investing in Continuing Education business courses, or [...]