Everything about Business Knowledge!
What Does Business Knowledge Mean? Business knowledge (BK) covers the set of information, skills, and comprehension necessary for business success. This knowledge encompasses both theoretical understandings and practical experiences gathered from avenues such as formal business education or industry certifications, and hands-on involvement in everyday business operations. The spectrum of BK embodies […]
Innovative Solutions: Integrated Automation Systems
Introduction to Integrated Automation Systems (IAS) Integrated Automation Systems (IAS) are revolutionizing how businesses operate. By providing a comprehensive automation solution that eliminates manual labor, IAS systems help companies reduce costs, improve customer service, and increase production throughput. Streamlining operations with IAS allows businesses to maximize profits while delivering top-notch products and services. Interested […]
Cobots in SMEs and Industry 4.0: All You Need to Know!
Welcome to the evolving world of automation where collaborative robots, or ‘cobots’, are revolutionizing the way small and medium-sized enterprises (SMEs) operate in Industry 4.0. With a projected market value of over 1 billion dollars by 2025, cobots are not just a fleeting trend but a cornerstone in the future of manufacturing and production. (Statista, […]
Mastering Customer Liaison: Building Trust and Boosting Business!
Liaising with customers isn’t just a task—it’s the cornerstone of successful businesses. It involves communicating with customers to resolve issues, provide information and ensure their satisfaction. Establishing strong relationships with customers, addressing their needs, and ensuring their satisfaction can lead to increased loyalty, repeat business, and a positive reputation. Good customer service can […]
Multiple Location Management: The Art of Managing Businesses
Running a business is hard enough, but when you have multiple locations, it can be even more challenging. That’s where multiple location management comes in. With this concept, you can effectively manage your multiple locations from one central location. This can help save time and money, as well as improve communication and coordination between your […]
Supply Network Design: Critical Asset For Your Business!
What is Supply Network Design? Supply network design or Supply Chain Network Design is the process of designing and managing the flow of resources, information, and finances between organizations within the supply chain. The main goal of supply network design is to minimize cost and maximize service while meeting customer demand. This process includes […]
APIs vs Webhooks vs WebSockets
Webhooks and APIs are two different ways of getting data from one place to another. They both have their advantages and disadvantages, so it’s important to understand the difference between them before choosing which one to use. API vs Webhooks An API, or application programming interface, is a set of rules that govern […]
What are the Determinants of Business Performance?
Business performance is a measure of how well a business is doing. It can be measured in terms of financial indicators such as profitability and revenue growth or other factors such as customer satisfaction or employee engagement. Improving business performance is a crucial goal for business owners and managers, and there are many different ways […]
Digital Twins: How Simulation Can Improve Your Business?
Can digital twins help businesses increase productivity? If so, how can this principle be used optimally!? Industry 4.0 has put forward several tools and design principles to improve business productivity. In his research, (Ghobakhloo, 2018) identified 12 principles and 13 tools related to this new industrial revolution. In this article, the principle of digital (or […]
Project Profitability Analysis: Aim for Success!
The profitability analysis makes it possible to ensure project profitability. At least, it reduces the risk of loss! One of our articles on the relationship between time and money is intended to familiarize the reader with the principles of equivalence. This makes it possible to compare payments (or series of payments) by finding their equivalence […]