Search results for keyword: seasonal
Family business
Family Business
Family businesses are a cornerstone of the global economy, and when managed correctly, can provide an immense economic benefit, not just to the family, but to the community at large. With that being said, family businesses also come with their own unique set of challenges. Managin......
1034 
Evelyn
Commodity stacking
Smart Shopping Tips
There is no denying the fact that with the wave of digitalization, shopping has never been easier. You can get whatever you want with just a few clicks. There are tons of retailers out there, offering all kinds of businesses and products. But does that mean shopping is only ab......
Luxury
Luxury goods, otherwise known as high-end items, are products that are expensive and exclusive. Luxury items include jewelry, fashion items, cars, fine art, watches, aircraft, yachts and more. These items are often considered status symbols and are a reflection of wealth.
Luxury goods often invo......
push inventory management
Introduction
Inventory management is critical for any business, but especially for companies in the retail business. Push-based inventory management is one method that can be used to ensure that the right product is available in the right quantities for customers at all times. In this paper, we w......
WIP management
Introduction
Inventories consist of actual stocks of materials, works in process, and finished goods and services that an organisation holds in its possession. The cost of the inventory is determined at the purchase price, and it reflects the cost required to acquire, manufacture, store and hold ......
Sean's Adaptation Loop Model
Nolan Shaw was a famous actor, known for his performances in classic films like The Amityville Horror and The Texas Chainsaw Massacre. But, while his acting roles may have made him a name in Hollywood, his greatest role may have been as the pioneer of the seasonal Adaptation Cycle.
Nolan saw the ......
Quota
Material Quota
Every business or organization has a set limit—a quota—of material resources. In many cases, essential raw materials, semi-finished products, and components are taken into account when calculating material quotas. A range of factors are evaluated when establishing a company’s ma......
market comparison method
Introduction
A market comparison approach is a common tool of analysis used to evaluate and compare different economic, financial, or physical products. The purpose of using a market comparison approach is to obtain a comprehensive view of the various characteristic features of a particular produ......
strategic pricing
Strategic Pricing
Strategic pricing is a pricing methodology deployed by businesses to maximize their profits and achieve their financial goals. In strategic pricing, companies can focus on various aspects to achieve their financial objectives. This includes pricing objectives, customers, competi......
Time Series Forecasting
Time series forecasting is a popular method for predicting future trends. It involves using historical data points to predict future values of a given variable. Time series forecasting is used in a variety of fields, from finance and economics to agriculture and weather forecasting. This type of f......
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