Understanding the role of finance to ensure effective strategic planning

Having clear financial goals and metrics allow firms to implement strategy and track success. ¬†Business leaders daily make important financial decisions such as scheduling operations, hiring and firing personnel, preparing a budget, approving a capital investment, or sending an invoice for payment. However, very often those managers do not have the necessary skills to understand […]

What are the current transportation challenges in supply chain?

  Transportation accounts for a huge amount of expenses in the supply chain logistic overall cost and thus stands for the largest element in it. The backbone of any sustainable supply chain relies on a performing and reliable transportation network. Transportation has been a major component enabling trade for centuries. Its processes are a significant […]

Cost Management Training for continuous Business Success

Organizations are in constant pursuit of increased profitability through cost reduction as this is a vital factor for competitive advantage and strategic positioning in the market. To ensure sustainable development of a business, an effective cost management strategy is required. A good cost management system allows companies to predict expenditures and prevent the risk of […]