Business

All companies have the same goals: gain more profit and decrease their capital expenses. The challenge is to reduce operating expenses to protect margins, without really compromising the quality of their products or services. In fact, more and more businesses acknowledge this and have attempted to improve the productivity of their facilities without much success. In order to run an …

How can you differentiate among the various types of process automation? What makes each of them so peculiar, and why? To answer these questions, The Burnie Group developed this overview to companre the four types of process automation, which include automation integrated into core systems, robotic process automation (RPA), electronic workflow and business process management, and desktop automation. To help …

One of the most daunting part of running an importation business is the customs clearance process. As customs and tax rules and regulations becoming more rigorous and pervasive, it can be very challenging especially for those new in the business to navigate the whole process. A simple mistake can lead to a number of financial and legal risks, which could …

Choosing the right injection molding equipment is crucial to running an effective and efficient manufacturing business. Unfortunately, with the technology in manufacturing industry developing at a breakneck speed, it has become more challenging for small and medium companies to keep up with the latest equipment in the market, often due to required high-upfront cost and present logistical limitations of the …

If you are planning to start your own import business, then you need to consider certain things to ensure your business’ profitability in the long run. Although it is true that the import sector is increasingly thriving these days, it should not be mistaken that venturing into this kind of business is an “easy money” in any way. In order …

If you were asked to name the one product that doesn’t have a barcode label, how long would it take for you to think of any? Quite some time, we believe. Nowadays, barcodes can be seen on almost every product you can find in the store. It is invented in 1952 and since then it is used for tracking data …

Of the countries that are providing business process outsourcing (BPO) services to companies, the Philippines is rising to be one of the prime destinations for those who are looking to outsource their business processes and tasks. BPO has become of the of the biggest contributors to the country’s national economic growth during the past decade, which has resulted in hundreds …

Uber has experienced massive growth since its foundation in 2009. In just 8 years, the ride hailing company (starting as just a small startup), grew to become the biggest startup in the world. It is currently valued at more than 70 billion dollars. It’s growth and revenue figures are appealing for investors from all over the world, causing Uber to …

Overfunding is a phenomenon interesting to many young entrepreneurs and crowdfunding enthusiasts. It is a fast and great way to start a business. However, it can be really problematic if it is not handled properly. Being curious myself on how founders manage large amounts of funds, I have interviewed a few of them. Their ideas, stories, and best advices are …

Not everyone is aware that diversity can benefit a company such that it can help employees perform better. There have been studies that show how a non-diverse workplace can lead to stress, which then has an impact on employee performance. This is because when employees feel like they are not accepted, their behavior changes, thereby affecting their job attitude. Diversity …