eikoueda-blog

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Third SCM trigger.

How to plan an organized reverse logistic system to give a good customer service?

1. Hoes do reverse logistics works?

http://www.directdrivelogistics.com/logisticsNews/HowReverseLogisticsWorks

2. How to keep an effective communication in the reverse logistic process?

3. What are the advantages of having reverse logistics?

- Increased Asset Utilization.

- Happier customers.

- Better ROI. (return of investment)

- Improved environmental sustainability.

-Promotes a cultural of industry leadership.

http://www.industrystarsolutions.com/blog/2017/11/5-benefits-optimized-reverse-logistics-system/

4. How to apply the 3 R’s in a reverse logistic process?

https://www.linkedin.com/pulse/reverse-logistics-triage-process-starts-3-rs-paul-busch/

[eikoueda-blog]

Second SCM Trigger.

How to create a competitive strategy in a foreign market?

1. How to introduce a product in a whole new market?

The key to success is a disciplined approach with the appropriate level of investment into a thorough market analysis.

-Know your competition, choosing right country/region, checking costs, know the people, know the law.

https://www.cleverism.com/enter-new-market/

2. How to develop outbound logistics in a food sector?

https://www.foodlogistics.com/technology/article/12090973/food-industry-logistics-trends-that-matter

3. How to apply JIT to reduce outbound logistics costs?

https://www.investopedia.com/terms/j/jit.asp

https://bizfluent.com/info-10061376-outbound-logistics.html

[eikoueda-blog]

Second SCM Trigger.

How to create a competitive strategy in a foreign market?

1. How to introduce a product in a whole new market?

2. How to develop outbound logistic in a food sector.

3. How to apply JIT to reduce outbound logistics costs?

[eikoueda-blog]

Trigger SCM

1. How does outsourcing can modify an already established logistic strategy?

Step 1. What is your logistics strategy today?

Step 2.  How many points of contact do you want to manage?

Step 3.  Do you want to own your logistics technology?

Step 4.  How much logistics competency do you want to maintain?

Step 5.  What do you want your logistics strategy to be in the future?

https://www.2wglobal.com/news-and-insights/articles/features/Time-to-change-your-logisticsstrategy/

2. How to plan outsourcing logistics in order to improve customer service?

Step 1. Identify customer types and where to investigate.

Step 2. Conduct internal and external costumer satisfaction interviews.

Step 3. Measure current state performance of each customer service process.

Step 4. Process map each customer service process requiring improvement.

Step 5. Identify improvements opportunities for each customer service process.

Step 6. Develop an implementation plan.

Step 7. Establish a 6 month performance measurement and improvement plan.

http://www.supplychainmanager.com.au/10-simple-strategies-to-improve-customer-service/

3. How to apply security protocols in the outsourcing logistics?

http://www.sisglobalsecurity.com/logistics-supply-chain-security/

[eikoueda-blog]

Entrepreneurship trigger

                         What are the basis to become an entrepreneur?

1. What are the basic steps to start up a new business?

Write a one-page business plan.

Decide on a budget.

Decide on a legal entity.

Take care of the money.

Get your website.

Test sales.

https://www.entrepreneur.com/slideshow/299688#6

2. How do you know your business idea is profitable?

Step into the right zone.

Know your competition.

Learn about your chosen business model.

Check sustainability.

Associate with a marketing professional.

https://www.inc.com/peter-economy/got-a-new-business-idea-5-steps-to-decide-what-to-do-with-it.html

3. What does an entrepreneur needs to become successful?

Ability to manage money.

Ability to raise money.

Ability to release stress.

Ability to be productive.

Ability to make entrepreneur friends.

Ability to identify strenghts and weaknesses.

Ability to train new staff.

Ability to manage staff.

Ability to conduct basic SEO.

The Ability to A/B split test.

The ability to connect via social networking.

The ability to focus on your customers.

The ability to close a sale.

The ability to spot new trends.

The ability to deal with failure.

The desire to improve your world.

https://www.entrepreneur.com/article/242327

[eikoueda-blog]

Trigger 7.

https://en.wikipedia.org/wiki/Bookkeeping

1.- What new methods are effective to keep a good accounting?

Have a schedule.

Get the right advice.

Reconcile your bank statement.

Keep and eye on your invoices.

Take advice of any training.

Use the data in your accounts to understand your business.

http://www.sage.co.uk/business-advice/growing-and-running/good-bookkeeping-tips

2.- How to keep on track the profit of our product? 

3.- What does an accounting book contain?

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.

https://en.wikipedia.org/wiki/Bookkeeping

[eikoueda-blog]

Trigger 5.

a. What makes prices fluctuate?

First of all, what is fluctuation? It is a continual change from one point or condition to another.

Because the stock market functions like an auction, when there are more buyers than there are sellers, the price has to adapt or no trades are made.  This tends to drive the price upwards, increasing the market quotation at which investors can sell their shares, enticing investors who had previously not been interested in selling to sell. In some cases, stock prices fluctuate because a requisite percentage of money flows in the market at any given time aren’t taking a long term view of an enterprise.

As with any commodity, stock or bond, the laws of demand and supply cause oil prices to change.  When supply exceeds demand, prices fall and the opposite is also true. The fall in oil prices can be attributed a lower demand for oil in Europe and China, coupled with a steady supply of oil from OPEC. The excess supply of oil caused oil prices to fall sharply.

b. What factors affect demand besides prices?

Price of RELATED GOODS: demand for the given commodity is also affected by change in prices of the related goods.

Tastes and preferences:  tastes and preferences of the consumer directly influence the demand for a commodity. They include changes in fashion, customs, habits, etc. If a commodity is in fashion or is preferred by the consumers, then demand for such a commodity rises. On the other hand, demand for a commodity falls, if the consumers have no taste for that commodity.

Expectation of Change in the Price in Future: if the price of a certain commodity is expected to increase in near future, then people will buy more of that commodity than what they normally buy. There exists a direct relationship between expectation of change in the prices in future and change in demand in the current period. For example, if the price of petrol is expected to rise in future, its present demand will increase.

Number of consumers in the market: as more or fewer consumers enter the market this has a direct effect on the amount of a product that consumers (in general) are willing and able to buy.

c. How to maintain stability between supply and demand?

For integrated business planning to operate effectively, three important elements must be in place: culture, process, and tools. Easily the most difficult, and certainly the most important way to achieve integration is through influencing the organisational culture. An organisation’s culture must be focused on transparency, collaboration, and commitment to organisation-wide goals. Processes must be clearly articulated, documented and followed to ensure that all planning steps are completed. Effective tools, normally thought of as information technology tools, are also needed to provide the right information at the right time to the right people.

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Trigger 4.

a. What are the main factors of macroeconomic indicators?

Economic indicators can be anything the investor chooses, but specific pieces of data released by government and non-profit organizations have become widely followed. Such indicators include but aren’t limited to: the consumer price index(CPI) gross domestic product (GDP), unemployment figures and the price of crude oil. While the indicators can be numerous, there are three broad categories of economic indicators: leading indicators, coincident indicators and lagging indicators.

Leading indicators, such as consumer durables, net business formations and share prices, are used to predict the future movements of an economy.

Coincident indicators, which include such things as GDP, employment levels and retail sales, are seen with the occurrence of specific economic activities.

Finally, lagging indicators, such as gross national product (GNP), CPI, unemployment rates and interest rates, are only seen after a specific economic activity occurs.

b. How does the internal price of a commodity affect the economy of a country?

Commodity price instability has a negative impact on economic growth, countries’ financial resources, and income distribution, and may lead to increased poverty instead of poverty alleviation. Many countries, especially in Africa, derive more than 90% of their export earnings from commodities.

For many developed economies, which tend to be net importers of commodities, higher commodity prices generally act like a tax, by making it more expensive to import the materials and energy required for their economies to function.

In contrast, economies that are net exporters of commodities tend to benefit from higher prices because they earn more revenue from the sale of those commodities; this is only up to a point though, because if prices increase by too much and too fast, then this may reduce the demand for commodities by industrialised countries.

c. How do countries improve economy policies?

Economic policies should be highly coherent, coordinated and integrated to the fiscal and monetary measures they are conformed of; they have to face the established goals and the persuit of wellness.

Each economic policy depends on its country, because it is created to fulfill the needs of every territory that can’t be applied to every country due to social, geographical or ideological factors that make each country unique.

[eikoueda-blog]

Trigger 3.

a. How to KPI’s in a growing company?

Revenue growth rate: the revenue growth refers to the rate at which a company’s income, or sales growth, is increasing. To find revenue growth rate, begin with your business’ total revenue for the current year. Next, divide current revenue by total revenue from the previous year to find the rate of growth.

Inventory turnover: measures the number of times inventory is sold or used in a given period of time, and is valuable because it reveals a business’ ability to move goods. Inventory turnover can be found by adding up the cost of sold inventory, then dividing that total by the value of the remaining at year’s end.

Relative market share: shows you how much of a given market is controlled by your business as a percentage.  After finding your own market share, subtract this value from 100 to find the percent of the market controlled by other businesses. Then divide your market share by the percentage of the market not controlled. By multiplying the result by 100, a company can find its relative market share.

b. How to manage a large group of employees?

Pay attention:  It’s important to pay attention to how your people are doing. Are they overtaxed — consistently working long hours and/or taking work home?

Learn how to tolerate growing pains: “Is my company ready for expansion?” “How can I prepare my employees for growth?” “What kinds of problems do I foresee, and do I have adequate resources to handle them properly?” Accommodating growth doesn’t occur overnight; you must become comfortable with the process of managing your growth.

Implement a solid system for performance appraisals: No matter how skillful your staff may be, you must always provide a mechanism for employee evaluations. Consider adding peer reviews and self-reviews to your mix.

Commit to training and development:  identifying appropriate educational opportunities, and making them available, lets your people know that you’re interested and invested in their professional development. Providing them with the tools to do their best work will keep them motivated and increase their loyalty to the company.

Create a collaborative and friendly culture: create a workplace characterized by mutual trust and respect. High ethical standards should be the norm, and those who cannot abide by company rules should face the consequences. Be consistent and firm but respectful, too.

Simulate a small staff environment when you can:  Get everyone together for a spontaneous ice cream social, distribute an e-mail newsletter announcing all new hires (including some background on them), and make sure you know everyone by name.

c. Effective value chain:

Research and development: researching the products your customers want.

Product design:  Once a new product has been identified or an existing product upgraded to meet anticipated demand, that item is tested, refined and sent on for production. In companies where service is the product, the same planning process is used.

Production process:  where your product is manufactured can have a significant impact on quality, cost and value. More than likely your small business will look overseas to suppliers who can build what your company needs at a competitive price.

Marketing and Sales: product value, product value; VALUE.

Distribution management: Where you warehouse and how you distribute your product is a critical link in the value chain. Transportation, material handling, packaging, communications and information systems need to be in place to get the product to your customers. Distribution, or logistics management, remains important in the digital age, as physical locations such as stores and warehouses are still needed. How you employ each distribution point is subject to review and change.

Customer service:  Getting the product to your customers means training your employees to know everything about it, advising customers how to use the product, diagnosing and troubleshooting, and providing friendly service.

[eikoueda-blog]

Trigger 2.

a. How can a company adapt depending on the evolution of technology?

Start with workers… Why?

if workers understand the big picture for the business and its vision for the future, they can more easily comprehend and support the need to adopt new technologies. You can see the potential of a new tool to save time, drive innovation and add to the bottom line, and now you need to sell that vision to the people who will use the technology every day.

b. External factors that make companies change…

1. Customer’s lives:  the world’s impact on your customers’ lives can require maneuvering on your company’s part in order to keep current customers returning and new customers coming to you.

2. Government’s decisions: companies can be affected with the new law regulations, laws, etc of your country. Companies that operate in multiple countries are challenged to also analyze and adjust to the political, economic, social and technological changes in each country of operation.

3. Technological developments:  advancement in technology is relentless in every direction. Companies have to be nimble enough to keep up with changing trends regarding how customers communicate and conduct business online.

c.  What other companies changed their mission, vision and strategy using their core competency?

Netflix - Though initially, i.e. in 1998, the company only provided rental DVDs, they gradually moved to subscription services to receive unlimited DVD rentals by mail. By 2007, they had online streaming for viewers to access movies as well as shows. By aligning itself with the latest trends of online movies, Netflix scale up its business with more than 1.7 million members by the second quarter of 2016.

[eikoueda-blog]

Trigger 1.

a. What skills and competencies do we need in the future?  

b. How should education contribute on employment?

In conclusion, a general education has a strong positive influence on entrepreneurship in terms of becoming self-employed and success. Experience has a similar relationship although not as strong. Future studies need to examine the impact of specific types of education, such as business school or entrepreneurship classes, on the entrepreneurial outcomes in the studies. 

c. How to keep motivated?

1. Set a goal.

2. Make a list of why do you want to achieve the goal.

3.  Divide the goal down into smaller pieces and set intermediary targets — and rewards.

4. Have a strategy.

5. Get the help you need.

6. Pre-determine how you will deal with flagging motivation.