Operations Management

5 Biggest Supply Chain Trends in 2019

For top businesses, supply chain management (SCM) can only be viewed in the context of maximizing strategic competitive advantage.

In the midst of a projected global economic slowdown in the next few years and heightening trade wars between trade giants, supply chain trends in 2019 have focused on minimizing risks from volatility while optimizing the supply chain. A labor shortage across the supply chain and rising automation can be seen as the driving force for innovation in SCM. The capacity of businesses to adapt to creating ‘digital supply chains’ can make or break their lead.

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How to Do 2x As Much in Half the Time | Extraordinary Business

Your business is your “baby” and just like any child, you do whatever it takes to care for it until it develops into a healthy “adult.”  Businesses generally have 6 growth stages – Survival is the “baby” stage and Sustainability is the fully grown “adult” stage.  There is a hidden gem that most business owners oversee – managing their time.

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New Technologies to Integrate into Your Business in 2018 | Extraordinary Business

This year has seen more advancements in technology than ever before, and because of this the ways in which people do business is changing as well. It’s important to stay current as technology improves for your business to stay relevant. Whether you’re a big business or just starting out, there are plenty of new innovations you can implement into your workplace – and it’s important to do so. Your success might depend on it.

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7 Effective Ways of Automating Internal Business Workflows | Extraordinary Business

For mediocre businesses, automation is simply a buzzword. For market leaders, it’s a tool for boosting efficiency and being the best at what they do. How well you automate internal business workflows will determine your efficiency and success. Streamlining your workflows is not a one-off decision – it’s a continuous effort, one that requires you to be vigilant and proactive. Let’s look at 7 effective ways of automating internal business workflows.

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5 Technologies You Should Consider Integrating Into Your Company | Extraordinary Business

technologies
Technology continues to touch our lives in more ways than ever before. This also rings true for the enterprise space. Companies are increasingly becoming only as good as the technology used within it, no matter how it is integrated. Let’s take a closer look at 5 technologies that you should consider integrating into your company.
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You Can’t Be CEO and COO at the Same Time | Extraordinary Business

CEO and COO
In the words of Stroll Founder Dan Roitman, “If you’re going to grow revenue, you also need to be able to tame chaos.”
Dan runs a consulting company, Growth Harmony, which holistically helps seven and eight-figure companies go to the next level. This serial entrepreneur stopped by Modern Ontrapreneur to chat with Landon Ray about the producer vs. performer relationship, cracking the CEO / COO disparity.
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Business Training: Why It’s So Important To Continue Training Employees Throughout Your Business Operations | Extraordinary Business

As many effective business leaders are aware, training is not a one-time thing. In any industry, employee training is a constant process – a recurring theme to keep employees at their best, drive innovation and improve profitability. In addition to initial training or onboarding, employee training should be a constant endeavor for a number of reasons, all of which will strongly benefit your company. Below are just a few of the ways continued employee training will help your business:
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Why It Just Ain’t Working | Extraordinary Business

4 reasons business process management is critical to your company’s “leveling up.”

So, he got a new client. This one is a BIG one. He gets his team scrambling to get paperwork, initiate billing, schedule meetings and God knows what else as he thinks only about how to keep the client now that he’s finally hooked them!  He feels that it is up to only him to make it happen as quickly as possible!
If I had a dime for every time…
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Are You a Work-aholic or a Passionate Worker | Extraordinary Business

Many people are claiming they are passionate about their work, and that they are happy about working more to build their career. Work-aholism has now come to be dubbed as “the addiction of the century.” Crossing the line from working out of passion to being a workaholic takes a good toll on people’s health, family relationships, and their lifestyle. But how does one become aware of that thin line? It is time you know the difference between work-aholism and passionate work, in order to safeguard yourself from self-destructive outcomes.
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