Abstract. In this paper on logistics firms’ revenue model, I will present comprehensive revenue strategies that will fortify business continuity during uncertain economic conditions like inflation and recession periods. With the current state of tariffs as of March 25, 2025, understanding how this will impact consumer behavior is key for optimizing revenue strategies and valueContinue reading “Resilient Revenue Strategies for Logistics Firms”
Category Archives: operations
Special Offer: Free Business Magazine subscription and books*
Happy Hump Day! Notable will help you start or expand your corporate library when you sign up for our Lean Six Sigma/Process Improvement or Accounting services. You can choose a 1 year subscription to Entrepreneur Magazine (can choose Forbes magazine) or 3 best selling business books: Contact us now to sign up for our processContinue reading “Special Offer: Free Business Magazine subscription and books*”
Lean Wednesday Tip: Loss Prevention Critical KPI Metrics
“Measuring and reporting the most valuable metrics is critical to identifying areas for improvement because they can be compared to industry and competitors for the purpose of lowering costs, enhancing productivity and safeguarding assets. Some critical Loss Prevention/Fraud KPI metrics you should be measuring are process cycle time, average days to resolve a fraud incident,Continue reading “Lean Wednesday Tip: Loss Prevention Critical KPI Metrics”
E.O.W (End of the Week) Notable Tip: Product Innovation for lower freight costs
Happy Friday! I hope you’ve had a great week. Freight and shipping costs can eat away at profits but they don’t have to. By having strong auditing, procurement and vendor management processes you can yield better profits. One way to reduce freight costs is by working with suppliers on product innovations that reduce the weightContinue reading “E.O.W (End of the Week) Notable Tip: Product Innovation for lower freight costs”
Lean Wednesday Tip: Supplier Quality Plans
“Suppliers play a critical role in ensuring quality for a product or service, effective companies collaborate with suppliers on quality by requiring that they conform to standards, such as ISO 9000. Quality Assurance audits confirm or deny good suppliers.”
Lean Wednesday Tip: Product Development Costs
“During the design and planning phase of your product is the best time to identify and deal with problems. Being able to understand the many ways your product can fail before costly investments are made in equipment or customer will keep costs down and client satisfaction high.”
Lean Wednesday Tip: Optimize productivity with Visual Tasks (Kanban)
“By using visual task boards (Kanban) that portray clear time-frames and expectations coupled with the prioritization of tasks including preventative plans for mitigating the unexpected is a great way to optimize productivity. It is important that work-in-progress is kept low to reduce over-production. You can also encourage employees to collaborate on tasks as well.”
When to Automate a Process
Many Managers and leaders ask this question, “When do I know its time to automate a Process?” The simplest answer is that automation of a process is critical when the well-being of your employees is being impaired, too much time is spent on manual input and putting out fires; and less time is dedicated toContinue reading “When to Automate a Process”
E.O.W (End of the Week) Notable Tip: Aligning product success metrics with customer priorities and strategic goals
Happy Friday! I hope you had a great week. This week’s Notable Tip is focused on the development of valuable and critical product KPI metrics. If you are not measuring and monitoring the most important metrics of your product’s performance progress then you are missing valuable insights that can help you optimize your product. BelowContinue reading “E.O.W (End of the Week) Notable Tip: Aligning product success metrics with customer priorities and strategic goals”
E.O.W (End of the Week) Notable Tip: Quality Improvements
Happy Friday! I hope you had a fabulous week! Today, I was thinking about quality. As you have learned, Quality is what the customer says it is, not what you think it is. When does quality begin and how do you ensure your efforts bear fruit in a quality improvement engagement? “Quality begins with educationContinue reading “E.O.W (End of the Week) Notable Tip: Quality Improvements”
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