Your business operations rely on several types of inventory, including raw materials, work in progress (WIP), and finished products. This inventory is tangible in businesses that deal with physical commodities and intangibles in service companies. Since inventory is an asset your business can't run without, you need to hold as much of it as possible to ensure your customers are taken care of without running low or compromising your cash flow.
Does your company have a website or an online sales portal but you feel you aren't bringing in the sales numbers you desire or expect? An effective sales or brand website is more than just an online shopping cart and some product listings. If you want to convert casual browsing into new customers, you'll have to step up your game. That's why you should hire a professional online marketing team to assist you with re-building or re-branding your website.
Spontaneous innovations are being witnessed in the pharmaceutical industry. This is an industry that has in the past been characterized with slowness in adopting new technology, but as it can be seen, this is bound to change. Some of the trends being witnessed this 2021 include artificial intelligence, blockchain, and additive manufacturing. The industry is also witnessing increased inter-organizational collaborations as well as favorable regulations.
This article takes an in-depth look at some of the trends you should be on the lookout for.
Online review monitoring is the first step in keeping tabs on what people are saying about your business. There are several advantages to using this type of monitoring system instead of staying updated on your own.
Customers may talk about your business on any number of platforms, some of which are not as obvious. It is easy to monitor what people are saying when they talk on your social media pages, but it is not as obvious when people make comments on other websites or simply talk about your business on public social media posts without tagging you.