Achieving a profitable margin on complex configurable products can be challenging. From a technical standpoint, millions of potential configurations need to be considered when creating a quote and that is… [read more]
Events of the last few years have been incredibly difficult and created difficult market conditions in practically every industry. COVID-19, an economic downturn, inflation, the war in Ukraine, cyber-crime, and… [read more]
It is not possible for companies to hide inflation without charging more, as inflation refers to the overall increase in the prices of goods and services over time. However, companies… [read more]
What are operating costs? Chron describes them as involving “any expenses related to running your business, such as labor and office costs.” Meanwhile, Investopedia defines profit as “the money a… [read more]
The less you have to spend on your business, the more you can put back into it. To keep your numbers in black, make sure the facility is right-sized, and… [read more]
Many small businesses are losing money and struggling to survive because of the global COVID-19 pandemic. Therefore, it is crucial that you try to help your business save some money… [read more]