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How to save money in your supply chain?

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Saving money is key in any business, more so during financially unstable times such as Covid. We have witnessed, maybe first hand, how entire industries have been closed down overnight due to border closures, Covid restrictions and the lack of raw materials. Due to this, companies may be forced to go back to basics with local supply. This often means increased costs, however companies would have more control over aspects such as quality and delivery. Their supply chain needs to be agile enough to account for any unexpected shocks.

Raman Bhalla took the supply chain market by storm and created 6 figure company Pro-Source Direct to ensure that no business would ever have to encounter unnecessary difficulties when sourcing the products they need.

 

Raman Bhalla, founder of supply chain agency Pro Source Direct says: “Pro Source Direct helps our customers maximise their supply chain and in turn save money. Our analysis of your current supply chain allows us to gain an insight on your current pain points, such as areas of your supply that are haemorrhaging money. By identifying these points, we are able to create an action plan and are able to look at implementing solutions.

We asked the CEO of Pro-Source Direct to give us his top tips all about how to save money in your supply chain.

  1. Treat your supply chain with as much importance as any other sector of your business. Small businesses often overlook the importance of an efficient supply chain. An efficient supply chain that is managed properly can have such a positive effect on sales and increase in revenues and profits.
  2. Don’t let your supply chain dictate you, be in full control. We can help with this. This is where our experience and relationships come into play. A good relationship with your suppliers is essential. Keeping the relationship positive is the tricky part. There are several things that need to be addressed, things that many SME’s overlook. What is the process if a product is damaged ? What is the process if my products don’t arrive on time? These are the things that need to be outlined and agreed to avoid issues moving forward. We specialise in building these relationships.
  3. Evolving from a supply chain to a supply network, this will help to plan and account for unforeseen circumstances, like many have just experienced with Covid and Brexit. We can help you implement a back up plan for your back up plan. Having a supply network can be difficult to manage. Again, this is what we do best.
  4. Mistakes such as human error are inevitable, don’t stress. Prepare for these mistakes.
  5. Don’t get complacent, study your market. Once a supply network is in place, it is easy to think the job is done. Communication is vital with all involved within the supply chain.

Do you need help with your supply chain? Contact Pro-Source Direct to book in a call to discuss how they can help.

Hi. I am Muhammad Mubeen Hassan. I am SEO Expat and Wordpress Websites Developer &  Blogger. 30 years old. I help entrepreneurs become go-to in their industry. And, I like helping the next one in line. You can follow my journey on my blog, for list Click Here If you need any post so you can email me on my this Email: mubeenh782@gmail.com  

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Business

Small Business Opportunities To Try In 2021

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You will find so many incredible business opportunities to try in 2021. Success in operation always arises from laser focus. So select one wisely. There’s a prospect of success with every opportunity we’ve included with this list. So, let us start brainstorming some business opportunities together to help you discover a perfect fit.

Freelancing

Another business opportunity to think about is freelancing. Rather than visiting where you share your information, you are training your ability for different businesses in freelancing. If you’re buying more hands-off companies, you can hire freelancers and delegate the projects in their minds, so your business scales better. Freelancing is a great business opportunity to pursue from home because it often entails remote work such as writing, graphic design, photography, etc. For example, a company might hire a team of freelance makeup artists and outsource work for various weddings, photoshoots, and corporate events.

Blogging

One of the best business opportunities in blogging. Blogging is popular since it offers you the ability to generate many potential resources of income. You could earn income from affiliate marketing, ads, information products, bodily products, influencer marketing, sponsorships, and gated advanced content. It’s also possible to earn passive revenue by writing articles transparently and putting ads within the info, so you earn each time a reader clicks on an advertisement. With so many potential income sources, bloggers create and market their content to build their website traffic. They promote via internet search engine optimization (SEO) and social media to achieve new website visitors.

Dog Walking Business

Your puppy market is one of the biggest industries. Therefore lots of people possessing pets, we’ve observed an increase in dog strolling businesses. Pet strolling is a small company possibility that’s successful in major cities. You can elect to walk packs of five or fewer dogs of the same size. As dog owners are much more informed about the divorce nervousness of their animal’s knowledge, they turn to dog walking services to greatly help their pets socialize and acquire some new air. That business opportunity has already may be popular, so it is a worthwhile one to begin if you’re passionate about dogs.

Housekeeping Business

In major cities, people continuously seek out housekeepers and cleaners to help keep their property tidy while they’re at work. Housekeeping poses a possible business chance for a savvy marketer. Once you learn how to find potential customers, you can hire cleaners to clean those customers’ homes. You’ll pay the cleaners an hourly fee. However, you can generate a sizable income from the rate you charge your customers. And at scale, the dollars add up.

Tutoring Business

Business opportunities are normal in the education space. So many people want to learn. This is exactly why tutoring businesses remain popular. If your goal is to do a job for yourself, you may be the tutor. However, if you’re looking to possess the company, you can employ teachers to educate younger students. You’ll merely need to get customers for online teaching. The more customers you’ve, the bigger your business can grow. You can rent out office space for a few hours at night in place of investing in your office space to cut costs. It will help you build a sustainable business.

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