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What Is Meant By Production & Productivity – The Differences
The words production and productivity sound similar; many people think they have a similar meaning, but production and productivity are different. Production is about manufacturing goods from raw materials to finished products. Productivity is considered part of the production process. Productivity is about how efficient a country or company is. Productivity is an economic principle;…
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8 Factors That Affect The Productivity Of A Company
Productivity is an essential economic principle that many countries and companies look at to see how they are doing economically. Though we can look at individual productivity, economic productivity is usually considered for governments and companies. Many factors can affect a company’s productivity, such as management, leadership, technical skills, production, organization, and location. Productivity requires…
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10 Key Skills Every Sourcing Professional Needs
Sourcing is an essential part of any supply chain. There are many different attributes and traits that a successful sourcing professional needs. An excellent sourcing professional needs to be someone who can build and not tear down the relationships required to get the products’ quality, price, and quantity that you need. Professional sourcing needs to understand…
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What Is a Product Developer? How Do They Enhance Marketing?
Product development is one of those aspects of a company that is extremely important to overall growth. Product development can determine whether a company is successful or fails. Marketing and product development are intertwined and essential to a company’s success. A company needs to produce, manufacture or sell what people want to buy. Product development…
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Basket Weaving As A Small Scale Industry, Why It Matters
The other day, I was at a small basket weaving factory where we are developing some products. As I watched these artisans weaving their baskets, I thought about why basket weaving is an essential small-scale industry and why it matters. Basket weaving is a small-scale industry that matters because it is one industry that women…
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What Are The Reasons For Global Sourcing?
Global sourcing is part of the worldwide supply chain process. Global sourcing is when a company purchases parts, products, services, or other things through an international company. Global sourcing continues to be a viable part of the international business supply chain. There are many reasons a company would need to manufacture or produce their products…
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8 Reasons Productivity Makes You Happy
Productivity is one of those things that many of us think about. Each day, we wonder if we are accomplishing something or moving ahead and being productive. There are many ways that productivity can help to make you happy. Studies have shown that some of the most productive people are also the most content. Productive…
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5 Types of Seagrass Weaving Styles You Need to Know
Many people may not realize that several types of seagrass basket weaving in Vietnam are used for production. Not all seagrass materials are precisely the same. Five basic seagrass weaving materials or styles are used to weave all seagrass baskets and other Home Decor products. All of these use seagrass material, but their material can…
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Top 9 Benefits Of Global Sourcing
Global sourcing is when a company purchases products from overseas. Many companies enjoy the benefits of buying and sourcing their products globally. There are many benefits for companies to source their products and even services globally. Sourcing their products globally usually allows them to buy a product with the design, price, quality, and quantity they…
