KnowledgeLeader Blog

New Pricing Risks Pioneered by the Consumer Perspective

Posted by Protiviti KnowledgeLeader on Thu, Nov 29, 2018 @ 09:49 AM

Pricing is defined as the monetary value an organization assigns to a particular product or service.

When setting prices, an organization must consider a wide variety of financial market factors in order to effectively determine prices for products and services.

These factors may include the following:

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Topics: KL Tools, customer satisfaction, inventory and materials management, revenue, sales process & marketing, risk assessment, strategic risk, performance management/measurement

6 Successful Warehouse & Storage Strategies You Need to Know

Posted by Protiviti KnowledgeLeader on Thu, Oct 18, 2018 @ 02:06 PM

There are two main goals that companies with leading practices strive to achieve in the warehousing process: to provide value-added services such as product customization and to move those products through the warehouse into the hands of the consumers as quickly as possible. Companies that achieve these goals follow the leading practices discussed below.

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Topics: performance management/measurement, sales process & marketing, supply chain, change management, inventory and materials management, KL Tools

Measure Cost-of-Quality to Track Conformance and Non-Conformance Costs and Support Resource Allocation to Improve Product Quality

Posted by Protiviti KnowledgeLeader on Thu, Sep 06, 2018 @ 12:06 PM

Total quality management requires commitment and persistence. Quality will always have a cost, but many companies are demonstrating that investments in quality always provide returns. Cost-of-quality reporting essentially views costs of quality as "good" costs and "poor" costs. The "good" costs are those incurred by the company in delivering customer satisfaction. The "poor" costs arise from:

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Topics: KL Tools, performance management/measurement, supply chain, inventory and materials management, vendor management

What is Affiliations Risk?

Posted by Protiviti KnowledgeLeader on Thu, Jun 14, 2018 @ 03:55 PM

An affiliation is often referred to as a person, organization or establishment associated with another as a subordinate, subsidiary or member. An affiliation can be a social or business relationship and is essentially the act of being formally connected or joined. Examples of affiliations in the business environment include sourcing partners, vendor relationships and alliances.

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Topics: KL Tools, inventory and materials management, purchasing & accounts payable, supply chain, risk assessment, outsourcing/co-sourcing/shared services, performance management/measurement, vendor management

How to Successfully Manage Supply Chain Distribution Channels

Posted by Protiviti KnowledgeLeader on Thu, May 10, 2018 @ 02:11 PM

What Is Channel Effectiveness Risk?

Channel effectiveness risk is the risk that poorly performing or positioned supply chains or distribution channels may threaten a firm's capacity to effectively and efficiently interact with suppliers and inhibits the ability to access current and potential customers and end users.

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Topics: KL Tools, accounting/finance, inventory and materials management, vendor management, risk assessment, strategic risk, performance management/measurement, supply chain

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