One way to fight against this inflation is to procure early in order to maintain price for your customers longer. It is inevitable that there will be increases over time, but we can at least help the situation by holding stock for longer that we know will be used by our faithful clients. This adds risk to manufacturing, so there needs to be some commitment from the customer side as well to limit that risk as far as promises to continue buying for the lifecycle of the product.
Business Models Are Changing: Taking A more Calculated Approach
The idea of the digital transformation comes as a result of innovating the backbone systems controlling our online experiences. Algorithms dictate much of what we see, how we influence others through marketing, and our overall digital reach as businesses.
If we can learn to understand how these systems work for us, we can best use them for our benefit if we can transform how we do things to excite them.
There are some basic facts about how these algorithms function: