The Logic and Decision Making Process in the Life of an Inventory Manager In the simplest description, inventory management is actually control on the flow of products in and from a stock of products. Inventory management is vital in production settings, as an disruption with raw materials safely and effectively puts a stop to manufacturing. … Read more
The Basis of Data Analysis and Decision Making in Business Data Analysis and Decision Making these days is the source of competitive advantage of many successful companies. So you’ve got a boat load of data at your disposal. You might have had a beta test of it, or a survey. What do … Read more
Making smart decisions in business has traditionally involved evaluating various alternatives, minimizing risks, and ensuring that the chosen course of action maximizes value. However, this process has become increasingly challenging in the era of information overload. Despite having more tools and data at our fingertips than ever before, decision-making can often lead to paralysis due … Read more