Category Archives: Business

Five Reasons Why Your Business Must Consider a Fulfillment Service

Outsourcing has become the code of modern business. It divides labors into specialized companies, which later can provide professional services with the least amount of budget. Compared to upgrading your facilities and equipment, outsourcing is much more beneficial.

Here, we’ll discuss specifically warehousing and fulfillment service as it is vital for any companies who want to expand their reach.

Helping You to Grow New Markets

a warehouse facilityExpanding business is followed by infrastructure and equipment upgrades. Needless to mention, it will also require new employee, management systems, etc. When those factors are calculated and transformed into costs, the number will be scary. Luckily, a fulfillment company can save you from that. Even when your decision of expanding your market reach turns out to be a mistake later, you won’t end up with wasted investment and employment termination paperwork. Therefore, hiring a fulfillment service when you want to expand your business is the most affordable and risk-free strategy.

Seasonal and Sales Fluctuation Flexibility

While no one should complain about selling more than anticipated, there are headaches associated with unforeseen surges in sales and seasonal rushes. To adequately respond to higher than normal ordering, additional workers are hired, more capital equipment is purchased, possibly even extra warehouse space is leased to ensure timely and proper fulfillment. The problem is, what happens when sales inevitably trend down to “normal” levels, and you have these extra workers, equipment, and square footage you no longer need?

Lower Shipping Costs

No one likes to pay for shipping, so it’s a great marketing tool to offer free shipping. However, no shipper is going to send your goods to customers for free. So how do companies afford to offer free shipping? Warehouses and distribution facilities located strategically around the country significantly lower shipping costs to the point where it becomes economically feasible to offer customers free shipping. But if you’re not big enough to maintain facilities throughout the country, what do you do? Contract with an order fulfillment company that does have a regional/national/international infrastructure in place and take advantage of bulk delivery discounts that most order fulfillment companies can offer because of that scope.

Eliminate Fixed Costs

The cost of carrying inventory rises when sales are flat or in decline, but you still pay the same rent and utilities for warehouse space. By contracting with an order fulfillment services company, your fixed cost is now a variable cost. When business is slow, your order fulfillment costs go down. Of course, they also go up when business improves, but that’s a price well worth paying and not one you need to maintain when it’s not necessary.

Focus on Your Core Competencies

The logistics of order fulfillment can be complex. If it’s not your area of expertise, or if you find you are unable to hire the right people for the job, an order fulfillment services company may be just the thing. You worry about making your product and making it better, and hire someone else to do all the stacking and packing that they can do better than you.

The Importance Of Innovation And Creativity In Business

Creativity and innovation are often spelled out in the same breath when talking about performance parameters in business. Creativity refers to the ability to churn out life-changing ideas as innovation is the capacity to roll out the ideas into actual assets. The two are important skill sets in the management of problems that require solutions with a twist of imaginative insights. They open doors of opportunity and generate the drive behind entrepreneurial progress.

The importance of innovation and creativity in business can’t, therefore, be overemphasized. This is why various fairs such as the famous mini maker faire is held every year to encourage people to showcase their inventions and fruits of their creative minds.

Core significance

Adopting creativity and embracing innovation with a mix of determination anchors success. It keeps an enterprise relevant within its niche market, attracting a wider clientèle base which increases its return on investments or ROI, for short. Creative innovators are always able to double their net worth within a short span of time. With this comes the ability to shine as a leading brand in a given industry owing to a special blend of human and tech-supported resources.

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Talent attraction

There are a handful of business establishments that everyone wants to work for because of their superior weight on the global scales of creativity and innovation. These firms employ the best. They have unrivaled work cultures, and they reward talent handsomely. Transforming a simple idea into a reality of this proportion requires a team of creative and innovative individuals. They are not always easy to come by. Hence most organizations are usually in a frantic search for them while the creative and innovative firms receive a pile of their dream-job applications every day. They stand as the pillar of talent attraction.

Global partnerships

Brand name internationalization is a challenge that most businesses are always ready to take. However, not many of these enterprises emerge as victors on the side of the fence, where the grass is greener. It follows that, for a company to compete on a global scale, innovation and creativity is a must have skills set. Apparently, the biggest brand names are not always the best innovators. Their corporate power, therefore, emanates from their ability to spot and buy innovatively created business ideas and transforms them into globally accepted goods or services with the help of a steady network of partners.

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Marketing facets

You don’t need to have a back-breaking budget to market a creatively designed item or to sell an innovatively packaged service. In most cases, marketing fuss and hustles are taken care of with the help creativity and innovation since they have systematical ways of embedding products in the day-to-day lives. There is, however, a flipside to this given that creativity and innovation are dynamic business attributes. They are always evolving in a manner that can quickly phase out the best product.

When the first cell phones came out, for example, their manufacturers didn’t have to contend with steep competition and costly marketing stunts. Today, the cellphone maker with the ability to roll out innovative phones wins. Note that innovation and creativity don’t come easy. Staff training and orientation sessions that teach about the importance of innovation and creativity in business are subsequently beneficial to your business road to the top.