1. Buy in Bulk
Identify the items that your business needs and uses on a continuous basis. A good way to do this is to observe which of your office supplies you always seem to be running out of. Shop around amongst warehouses, wholesalers, or even mail order wholesalers to see which seller can provide you with the most attractive wholesale price for your supplies. When you buy large amounts of supplies at once, you will usually get much larger discounts.
2. Borrowing vs. Renting
If there is a specific piece of machinery or equipment that your business only needs periodically or for a short period of time, it would probably be a good idea to rent it instead of buying it. You may rent the equipment from a private entity or a rent-it-all store. Again, make sure you do some comparisons to see which provider offers the most economic prices.
3. Saving on business equipment
Does your business really need to have the latest in equipment, software, or technology gadgets? If not, why don’t you consider buying an older model? Because technology moves at such a fast pace, so many new products are flooded into the market every year. That doesn’t mean last year’s model isn’t any good. You can save a lot of money by buying slightly outdated equipment that serves its purpose more than adequately.
4. Pay your credit card bills on time
Most credit card companies will charge you a hefty late fee if you don’t pay your debts soon after the monthly bill arrives. Sometimes, these charges can be ridiculously high. Pay attention to when your bill comes and make sure to pay it soon after to avoid these unnecessary costs.
The main differences between the different types of channels correspond to the number of intermediaries through which the product passes. If the number of intermediaries is high, it is a long channel. A short channel, by contrast, is having a small number of intermediaries, the extreme case is the direct channel, in which there are no middlemen.
The direct channel, without intermediaries, it is most common in consumer products. It is used when production and consumption are close and have a smaller footprint. In the industrial sector and in services, however, the direct channel is very common.
The short channel in consumer markets, is made by the manufacturer-retailer-consumer. This type of channel is given as the number of retailers is limited or they have a high purchasing power. If the purchasing power of retailers is important, as in the case of large shops and supermarkets, these dealers actually assume the roles of wholesaler and deal directly with manufacturers or products in industrial markets, the shorter the channel usual.
The long channel, in which at least involved the manufacturer, wholesaler, retailer and consumer, is typical of a number of consumer products, especially products of convenience or frequent purchase.
Another aspect to consider is the means of distribution will take place with the channel, which is largely conditioned by the type of product to distribute and the selected channel. One can distinguish three basic forms:
Exclusive distribution means granting the exclusive broker to buy a certain territory or market area. In return, the distributor agrees, in general, not to sell competing products. Occurs in products requiring high sales effort, etc.. While the exclusive distribution goes against the principle of free competition, is considered legal if the suppliers and consumers have access to similar products in a given market or if the exclusive contract strengthens a competitor from another.
Selective distribution is a limited number of distributors and involves the fulfillment of certain requirements by the intermediary (volume of purchase, etc). The dealer can buy and sell competing products.
Intensive distribution has come when you want to reach the largest possible number of outlets with the highest exposure of the product. It is characteristic of frequently purchased products, which require generally long distribution channels.
The selection of distribution channels is not easy. It is not always possible to achieve the desired channels and further interest may arise between the manufacturer and distributors. Should be considered in selecting the channel not only economic, but also control the market.
Many leaders will associate the implementation of change in their organization with elevated levels of stress, frustration and anxiety. These pressures, combined with a typical staff reduction that often requires leaders to accomplish more with less, can lead to personal burnout.
Change management, as incorporated in many organizational plans and strategies, often leads to personal burnout, as rather than take small, incremental steps that allow organizations to evolve. Many will stagnate and resist change until the company is severely threatened and must make huge, destabilizing adjustments to survive.
It is important for leaders to understand that large, overwhelming changes will typically shake up the entire organization as wholesale modifications occur in the way business is conducted. The process is time intensive and traumatic for everyone involved. People require time to recuperate after the event is over; wholesale changes often result in personal burnout.
Undoubtedly, quick and/or frequent change can lead to burnout. However, even in the face of ongoing change, leaders can use the strategies outlined in this section to defend against burnout and frustration.
Part of the Job
Effective leaders accept that change is a normal function associated with their jobs. In this way, change is no longer perceived as an event that threatens the organization, but simply a normal function of everyday business activity.
Leaders who embrace change plan small, incremental adjustments that help their organization slowly evolve and adapt. As a result, the company will eventually see an increase in productivity and efficiency. All it takes is a change in the leader’s perception to reduce the stress and pressures that he or she once associated with organizational change.
Anticipate Rather Than Resist
When people oppose change in their organization, they end up focusing their energy on resistance rather than acceptance. This focus saps the energy required to maintain productivity and effectiveness, which ultimately leads to burnout.
On the other hand, leaders who accept and anticipate change learn to harness its momentum to their benefit and use that energy to enact change throughout the organization, producing positive outcomes and results.
When organizations implement wholesale changes out of necessity, it can be overwhelming. Many of these changes include layoffs, which increase the intensity of the situation and overburden the leader. In turn, stress and anxiety levels go up, resulting in personal burnout.
However, when leaders plan for ongoing change, adjustments are made in small, incremental steps that allow the organization to transform itself on its own terms. Once done, wholesale organizational change is eliminated, as is the stress and intensity of change.
The incorporation of small, incremental changes into daily activities allows the organization to grow and evolve while simultaneously increasing productivity, effectiveness and efficiency. The incremental nature of change allows leaders to build it seamlessly into the organizational culture.
When the organization accepts change as a daily occurrence, leaders don’t really feel pressured nor do they experience high levels of personal stress and anxiety. This greatly reduces personal burnout.
Leaders that learn to accept and incorporate change into their daily responsibilities also learn the value of experimenting with new ideas and concepts. They discover that small changes can be tested with minimal impact and that lessons can be learned from all successes and failures. These lessons are ultimately incorporated into adaptations made by the organization.
Packaging is one of the main factors of logistics which relates to logistics activities; it propels and moves the system forward smoothly and lead to a great success where all high quality goods and products are made. Packaging is indeed a very important process in advertising and distribution. How? Well, these two processes related greatly to packaging. Suppose a customer orders two tons of PP plastic bottles, if the bottles are not arranged in any type of transportation properly, then the bottles will be easily damaged which then results in an increase in customer turnovers. When making products, packaging also determines the appearance and the looks of the product which of course affects people and how they will view the products; if they like the packaging then it is most likely that they will buy the products. With packaging, products will be greatly in shape and that they can be arranged structurally as well as combine and make things a lot easier when it comes to delivery. These effects of packaging will bring along profits, higher capability of productivity, competition, and the enhance of logistical activities.
The Importance of Packaging in Logistics
Packaging is considered a very important and a very considerate process that mainly affects almost all activities of a business. Since packaging deals mainly with designs and the convenience of delivery, it also affects logistics in a way that boosts the flow of transportation of goods and enhance smooth delivery of products out from the productivity line to outdoors. The process of packaging will lead to the distribution of products because it is convenient and effective both for the customers and the manufacturers themselves. Also, packaging is one of the most important factors that build up competition between businesses and it enhances market promotion and advertisement efficiency as well. With this reason, most products pay for packaging businesses and agencies to design catchy packages and even slogans that will fit the concepts of their products and will be appropriate for their specific business. Image of the product is very important for almost all businesses because it mainly affects the customers, profits, popularity, and other factors; image of a specific business can bring them up or down depending on many factors where packaging is one of them. Packaging affects shipping rates when products are shipped because they look at weight, material, and amount which affects money in your pockets. The higher the amount and the heavier the weight of materials, more and more money is needed to pay in order to deliver objects or items out to other regions or nations. With packaging, these fees than be minimized; containers and show products are arranged and will help reduce space and mostly weight of the products in total. With this ability to go out internationally, packaging enhances more improvements in logistics which then brought up new studies and new systems like international logistics that we all know today.
Perhaps the gravest dilemma facing the owner/manager of small and medium-sized travel agencies is how to “purge” small, costly accounts. Before going into strategies, it is important to note at the start that accounts should not be purged on a wholesale basis, but rather replaced as new, larger accounts are secured. This fact cannot be stressed too strongly.
In tackling the whole question of purging/replacing accounts, the travel agency manager should consider carefully the value of each account as it contributes to the overall sales of the agency. Those accounts that purchase less than, say, $1,000 of travel arrangements per month (or in other terms, perhaps four or five ticket orders per month); slow paying accounts; and accounts whose service is expensive should be considered for replacement.
It should be noted, however, that other options exist besides purging, and it is up to the travel agency owner/manager to present these options to smaller accounts.
Among the many options may be the following:
• Inform the client that delivery will no longer be offered and that tickets must be picked up at agency offices.
• Inform the client that payment for services will no longer be invoiced and will require either cash on delivery or credit card.
• Inform the client that a service charge may be imposed on each transaction or on a retainer basis per month.
It is important that the travel agency manager/owner-the one will be dealing most directly with the purging of accounts – be well informed as to the reasons why that account is being downgraded or emphasized less. He/she should convey to those clients that their business is very much appreciated, but because of operating economies it will be necessary to change the terms of service. Then, the client can be presented with options as outlined above.