JIT Inventory Defined: A 2024 Guide to Just-in-Time Inventory
Just-in-time (JIT) inventory management is a streamlined inventory management philosophy that aims to minimise inventory waste and optimise production efficiency. The Toyota Production System,...
View ArticleIncome Statement: How to Read and Utilise It
Understanding a company’s financial health is crucial for investors, creditors, and business owners alike. The income statement serves as a vital tool in this regard, providing a comprehensive...
View ArticleClik here to view.
Definitive Guide to Net Promoter Score
What we will cover: What is the Net Promoter Score?Calculation of Net Promoter ScoreHow to judge whether a Net Promoter Score is good or badUnderstanding the limitations and potential of NPSHow can a...
View ArticleClik here to view.
STP Marketing Strategy: Comprehensive Guide
Introduction to STP (Segmentation, Targeting, Positioning) There’s a common saying in the business world, “If you try to be everything to everyone, you’ll end up becoming nothing to anyone.” Far too...
View ArticleClik here to view.
Financial Services Innovation Summit: Join the Tech Transformation
Technology is redefining the financial services industry and you’re invited to be at the forefront of this transformation. As banks and financial institutions grapple with heightened demands for...
View ArticleWhat is an Invoice?
When it comes to business transactions, an invoice serves as an essential commercial document. This detailed and itemised record of a transaction between a buyer and a seller captures necessary...
View ArticleClik here to view.
Putting AI into Practice: Key Takeaways from World Tour Essentials Melbourne
Trailblazers, AI experts, and thought leaders arrived in Melbourne for World Tour Essentials to explore all the ways that the #1 AI CRM can enhance relationships to deliver more value to your...
View ArticleDouble-Entry Bookkeeping: What It Is and How It Works
Double-entry accounting is a robust bookkeeping method that has stood the test of time. The double-entry accounting method offers business owners and accountants alike a full financial overview by...
View ArticleManagerial Accounting – Definition, Objective, Techniques & Limitations
Decision-making holds the key to success within business management. Managerial accounting helps leaders make smart decisions by giving them important financial information. This specialised type of...
View ArticleStatutory Compliance: Guide to Payroll Compliance
Within payroll management, statutory compliance is essential for responsible business practices. Adhering to federal and state employment laws is not merely a legal obligation; it’s an ethical...
View ArticleWhat are Wealth Management Services?
In personal finance, the concept of wealth management often arises as a crucial aspect of securing financial stability and achieving long-term goals. It encompasses a comprehensive range of advisory...
View ArticleWhat is Big Data and Why Does it Matter?
Today we are constantly generating and consuming vast amounts of data. From social media posts and online transactions to sensor data and scientific research, the volume, variety, and velocity of data...
View ArticleGross Profit Margin: Formula and What It Tells You
Gross profit margin (GPM) is a key financial metric that measures a company’s profitability. It represents the percentage of net revenue made that exceeds the cost of goods sold (COGS). GPM provides...
View Article10 Benefits That Explain the Importance of CRM in Banking
The banking industry is undergoing a digital transformation, and customer relationship management (CRM) systems are at the forefront of this change. By providing a centralised platform for customer...
View ArticleWhat does asynchronous mean?
Asynchronous communication is quickly becoming the new normal in the digital age. This type of communication allows for more flexibility and convenience, as participants can send and receive messages...
View ArticleCRM Finance: Choose the Best CRM for Financial Services
The financial services industry is constantly evolving, and businesses need to keep up with the latest technology to stay competitive. One important tool that can help financial services businesses...
View ArticleERP vs CRM: What’s the Difference?
Leveraging technology to streamline operations and enhance customer experiences has become increasingly important as the business space becomes progressively more saturated and competitive. Customer...
View ArticleRule the Market: 9 Retail Pricing Strategies 2024
Pricing is everything in retail. Understanding price elasticity, or how price changes affect demand, is so important for setting effective retail pricing strategies. Get it right, and you can drive...
View ArticleRetail Supply Chain Management Guide: The Importance & Strategies
Retail is an industry that is constantly changing and growing, so managing the supply chain effectively is essential to its success. Improving collaboration with suppliers and utilising technology to...
View ArticleDecoding the Marketing Mix: Mastering the 4 P’s for Business Success
Wondering how to steer your business towards success? The marketing mix might just be your answer. It’s a proven blend of four essential elements—Product, Price, Place, and Promotion—that, when...
View Article