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Supply chain segmentation refers to a process where suppliers and customers are segmented into groups depending upon certain factors. Such segmentation allows supply chain management the ability to allocate resources appropriately to meet the needs of different supply chain segments. Supply chain segmentation is not new. In the 1980’s, Peter Kraljic developed a two-by-two matrix...

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When the internet began establishing itself among society and businesses followed by refining their processes to fit a digital world, you were right along with them. The truth is, those who not only adapted, but strategically leveraged the modern behavior are in a much stronger position than those who lingered-or opted out entirely.  The same...

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Gantt charts: how deep does your knowledge/experience of this project management tool go? A resource that heavily lies on the side of complexity, you may have some questions regarding this effective visual recourse. Questions along the lines of: What exactly is it? When should I be using them? How should I be creating them? First,...

  Earlier this week, we addressed the serious matter of purchasing a franchise and included a practical checklist for you to complete before reaching for your wallet. Once you’ve COMPLETED this checklist and further notice overall weakness in your answers, we highly recommend that you go back to step 1 and re-do the work. If,...

  With the month of July falling exactly the middle of 2021, now is the time to conduct a mid-year review for your business. This review is important to amend any processes that aren’t working and gives you the chance to incorporate new protocols to continue evolving as a business. Covering a broad range of...

Following the event of a merger, appointed leaders-typically HR leaders-begin developing an internal communication strategy. Helping your leadership team understand  the impact of mergers and acquisitions on employees determines it’s overall success. Executive teams lead groups in the right direction, therefore, the moment they fail to acknowledge change, HR struggles to align employees and engage...

M&A Transactions: Is Confidentiality a Myth?

All M&A transactions require the business owner(s) to reveal information that is highly confidential and crucial to the success of the business. This action goes against the normal course of action for the business. Revealing this type of information to the wrong party can be detrimental to business operations moving forward, particularly in tight knot...