Hub You - Business

How Naive College Student Graduates Insult Your Potential Vendors
We have a problem with today's college students, when they graduate from college and go to work for large or medium sized companies; they think they know it all. They run off at the mouth with lots of big buzz-words and prove that they do not know what on Earth they are talking about. Then they insult the other party or vendor with some stupid question such as:Is this your strength?Which is the exact question I was asked recently about my knowledge or expertise in the Auto Detailing Industry, since I happened to have run a franchising company in that industry sub-sector many years the prior. However as a franchisor there are many aspects to the business model, than just how to detail cars or how to run an auto-detailing company. Of course I felt like saying:Oh, I see I am now limited to the "mobile auto detailing" business as my "one" strength?That is like asking Sam Walton if his strength i

vented from taking action because of the beliefs and assumptions that they make about inventory reduction. These beliefs and assumptions are truisms that can (and do) destroy a company’s wealth by allowing an over-investment in inventory.

Five common truisms have been identified. These are called the 5 Myths of Inventory Reduction. To successfull

Global Corporate Priorities For 2007 - Doing Business With China And India
In developed markets, executives point to high labour costs and saturated markets as the critical challenges with innovation being a key priority. In emerging markets the challenges are quite different: labour costs are low and markets are largely untapped. Whilst 2007 promises to deliver much, executives need to be realistic about the complexity of the task ahead.Optimism delivers investmentTop line growth will be a higher priority than cost control for most executives throughout 2007. Spending will be targeted at the front office first and foremost: sales and marketing are the areas of the business to receive the greatest share of the investment.Globally, China and India continue to grab headlines and attract the largest share of investment. Within the next 3 years more than half of the executives surveyed expect to get more than half of their revenue from abroad.Huge GrowthDemand and supply issues dominate the CEO’s a

Inventory reduction can be one of the most powerful and value-adding activities that a company can undertake. This is because inventory reduction generates cash, just as sales or cost reduction activities generate cash. This cash is just as real and just as valuable to the company as cash that is generated through sales or cost reduction.

When the inventory being held is indirect inventory (that is, it is not being held for manufacture and, therefore, automatically moving through the supply chain), then the benefit is even greater. With MRO inventory, it is possible that some inventory will never be used and will only ever be a cash drain on the company.

So why do so many companies allow their indirect inventory to be a ‘fat and lazy’ investment? Why do they not apply a simple process that safely minimizes their investment? There may be several reasons.

First, there may be limited knowledge of the alternatives. Many companies think that optimization using software is the only solution. However, companies that do apply optimization software may be achieving less than 1/7th of their inventory reduction potential. There may also be a lack of resources to conduct an inventory reduction program. However, in the author’s experience, once the potential to generate cash with zero capital investment is understood, then the resources can always be found.

More likely companies are prevented from taking action because of the beliefs and assumptions that they make about inventory reduction. These beliefs and assumptions are truisms that can (and do) destroy a company’s wealth by allowing an over-investment in inventory.

Five common truisms have been identified. These are called the 5 Myths of Inventory Reduction. To successfully

Starting Online Business
Starting Online Business is only the first step in the battle. Sure it is a good idea to start an Internet marketing campaign if members of your target audience are likely to use the Internet to research or purchase the products you sell or the services you offer but these marketing efforts may turn out to be a complete waste of time if you are not diligent about evaluating the response to your Internet marketing. This means each time you implement a change to your marketing strategy; you should evaluate the results of the change to determine whether or not it generated a greater profit for you. This is important because it can help you determine what is working and what is not working for you.Evaluating the response of your Internet marketing can be done in a number of different ways. Customer surveys and embedded HTML code are two of the most popular methods of evaluating the effectiveness of an Internet marketing campaign. Customer surveys can be as simple or as co

e inventory being held is indirect inventory (that is, it is not being held for manufacture and, therefore, automatically moving through the supply chain), then the benefit is even greater. With MRO inventory, it is possible that some inventory will never be used and will only ever be a cash drain on the company.

Five common truisms have been identified. These are called the 5 Myths of Inventory Reduction. To successfull

Get Your Career On Track
If you’ve watched the cable television show on Bravo called ‘Inside the Actors Studio,’ you’ve seen host, James Lipton, ask his guest celebrities to respond to the Bernard Pivot questionnaire, which includes two questions about what guests would most like to do, and most not like to do, outside their chosen profession:1. What profession other than yours would you like to attempt?2. What profession would you not like to do?(For example, Robin Williams would like to be a ‘Neurologist’ and would not like to be a ‘Bomb Tester,’ Sarah Jessica Parker would like to be a ‘Grocery Store Proprietor’ and would not like to be a ‘Chicken Plucker’.)Identifying your dream and nightmare jobs is important because it helps you begin to think about what you most want and not want in a career.How is a career different from a job, or is it?A career might be defined as ‘a chosen pursuit; the general course or progression of your working life or your profe

heir indirect inventory to be a ‘fat and lazy’ investment? Why do they not apply a simple process that safely minimizes their investment? There may be several reasons.

Five common truisms have been identified. These are called the 5 Myths of Inventory Reduction. To successfull

Hire Teamwork-Oriented Employees
You can use pre-employment tests, specific interview questions, realistic job previews, and role-modeling to hire employees who crave to use teamwork and collaboration.Warning: Many jobs do not need teamwork-oriented employees. Our society greatly values “teamwork.” Also, many leaders are teamwork-oriented, so they erroneously assume they should hire employees who love teamwork.So, find out which jobs in your company really require collaborative employees. Some jobs do not.For example, in our pre-employment testing research at many banks, great Tellers usually score high on a test’s Teamwork scale. But, the banks’ successful Bookkeepers score low on the pre-hire test’s Teamwork scale.Lesson to help you: Use employment tests to objectively discover which jobs truly require teamwork-oriented employees.Now, let’s delve into some terrific ways to help you hire teamwork-oriented employees.PRE-EMPLOYMENT TESTS HELP YOU HIRE TEAMWORK-

software may be achieving less than 1/7th of their inventory reduction potential. There may also be a lack of resources to conduct an inventory reduction program. However, in the author’s experience, once the potential to generate cash with zero capital investment is understood, then the resources can always be found.

Five common truisms have been identified. These are called the 5 Myths of Inventory Reduction. To successfull

Seven Qualities to Get a Job You Want
There are a lot of companies which are employing graduates with strong education background and fluency in several foreign languages. But will you agree that there are quite many candidates meeting the following requirements? How will human resource managers select from all of them? Here your personal and business qualities count. There are some essential features a person should possess to impress the interviewer and get the job.You have graduated!!!! What a relief. You are free to manage your time as you wish. You don’t have to think about your term paper topic for hours. You believe that all the difficulties are already behind. Partially it is so, but you still have to walk half of the way. It means that you should find a rewarding and challenging work to apply your education and develop yourself professionally.I will list down a few. Drive - energy and your desire to work. It is your attitude to work, your duties, and responsibilities. Of course you can app

Five common truisms have been identified. These are called the 5 Myths of Inventory Reduction. To successfully effect an inventory reduction program, a company must recognize these myths and then deal with them every time they are raised as being the reason for inaction or lack of progress. Like all good truisms, they are each based on an element of truth, but they are not universally true. And like all management myths, they work to prevent effective action.

The impact of these myths is that they limit the ability to fully realize the potential opportunity of inventory reduction. Therefore, they limit the cash that may be realized through delivering a successful program. Recognizing these myths and applying appropriate management solutions to overcome them will help you to deliver sustainable inventory reduction. The Five Myths of Inventory Reduction are:

Economic quantities save money.
Risk must be re-evaluated to reduce inventory.
Consignment stocks must cost more.
Software will solve the problem.
Putting items into inventory shares the cost.

Myth #1: Economic Quantities Save Money.

In inventory management, items often get ordered in an economic quantity so that the cost per item is at a minimum. This way of ordering is seen to be economic because the subsequent issue cost of the item is at a minimum and the business, operational, or project budget subsequently records a lower cost. The term economic order quantity is often use

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In part one of this series of articles we discussed the growth in the marketability of antique brand images and how the apparent extinction of the brand itself can lead to the rapid rise of the marketability of the antique value of the packaging itself.

Your desk can communicate a lot about your personality, your reliability and your professionalism. Avoid common pitfalls on your way to a cool cube.

In many organisations, once you have proven your abilities, the next logical step is to move into management. Is this right for you?

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