Inventory is defined as the accumulation of goods in order to satisfy a product’s demand (either for retail or for production), and has been commonly considered as a necessary evil. Inventory ...
Customer churn is defined in most of companies as an expected loss of clients. Recent studies have increased the importance of this loss by comparing the cost of attracting a new customer versus ...
Logistics, particularly over the past few years, has been a decisive factor in the growth and development of countless organizations. New manufacturing technologies have enabled companies to lower ...
Medical emergency response services provide assistance to events of illness or injury that require urgent attention. In the basic medical emergency response service, an ambulance is required to ...
The location of the company site is a decision that could incur on high costs that should not be taken lightly; some expected (rent and transportation of goods) but other unexpected like loss of ...
Waiting lines are created when the time a service takes to be completed is greater than the time it takes for its demand to increase. For instance, if in average a bank teller takes more time to ...
Last year, the film Moneyball (2011) appeared in theaters, obtaining six Academy Award 2012 nominations. The film is based on the book “Moneyball: the art of winning an unfair game” written in 2003 ...
As people and communities grow more diverse, it becomes risky for an organization to offer the same marketing mix to such different consumers. Market segmentation provides businesses with the ...
Nowadays, from the total supplies used by the hotel and restaurant industry in Mexico, the spent destined for food is higher than 70% and it includes fruits and vegetables, beef, chicken, fish and ...
Selecting the location of a store or store branch is not an easy task and it has a direct effect on the future success or failure of the business. The combination of variables such as product ...
