Humanity generates about 2.5 exabytes of data each day. Two and a half million terabytes of information that have huge financial value. Many companies around the world would pay billions for that data. Is it a reality? Most of this data is stored somewhere in corporate servers, data owners do not work with it, and so companies voluntarily (though often unknowingly) lose money. You can be one of those who will finally change it.
Reliable suppliers are the foundation of your business. You should treat them as you would your customers. If you build a strong relationship with them, they will be more willing to arrange express goods delivery, prolong invoice payment terms or prioritise your chain for new products or limited editions. That is worth the effort!
As shown by McKinsey's research, progressive businesses are finding ways to extract big data from its stores. Thanks to this data, they make better management decisions or sell data insight directly to their suppliers. You can do it as well.
The most efficient profit boosting methods used by Retail commercial directors. Which of them do you know?
Today’s consumer has never had higher expectations, always seeking bigger discounts and greater service. As a commercial director, you need to understand how to balance the pressures of satisfying your customers’ demands, your suppliers’ want for higher margins and the increasing prices of fuel and commodities. On top of all of this your CEO has given you the task of increasing company profit margin. So, what do you do?