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The Kraljic Matrix

Flevy

Two key factors critical for devising a robust purchasing and supply management strategy are: Strategic importance of purchasing: This factor measures the ratio of raw material costs to total costs, their impact on profitability, and the value addition done by the entire product portfolio. Move towards reducing unacceptable sourcing risks.

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What is a Kanban Board and How Does it Improve Quality?

Kainexus

In the post-WW II era, Toyota realized that they could improve profitability and product quality by matching parts inventory with real-time demand to create a “just-in-time” production and provisioning process.

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Volume Discounting: What It Is, How It Works, & What It Looks Like

Hubspot Sales

As a wholesaler or supplier of high volumes of certain products, you're going to run into cases where you want a bit more from your buyers — instances where they might have the bandwidth to buy more but lack the motivation to. For instance, a supplier might offer a discount on any units purchased beyond an initial 100.

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How to Calculate Cost of Goods Sold in Your Business

Hubspot Sales

Put simply, it’s one of the biggest indicators of revenue, profit, and business sustainability. Cost of goods sold, or COGS, is a business and sales metric that determines the value of inventory sold (and created, if you’re the manufacturer) in a specific time period. If it’s the latter, you’ve earned no profit.

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Wholesale as a Success Factor: Modern Customer Relationship Management

QYMATIX

Wholesale distribution plays a critical role in the modern economy, linking manufacturers and retailers. A well-implemented CRM system can help companies build long-term, profitable customer relationships and provide intensive customer care. Such software supports profitable growth.

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The Plain-English Guide to Cost-Based Pricing [+Examples]

Hubspot Sales

A cost-based pricing strategy is implemented so a company can make a certain percentage more than the total cost of production and manufacturing. Cost-based pricing is a popular pricing choice among manufacturing organizations. Additionally, it can assure a steady rate of profit. Either way, the company will lose profits.

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Social Entrepreneurship: What It Is and Why Everyone's Talking About it

Hubspot Sales

They wrote a business plan, circulated the document to a bank, and worked tirelessly to scale their company and drive profits for themselves and their investors. Social entrepreneurs aren’t only concerned with profits. This shoe manufacturer is a sustainable brand supporting workers’ rights in sub-Saharan Africa.

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