Now is your opportunity to expand on the platform you chose for your business. Show how this software purchase will help your team meet long-term goals and use specific examples and quantifiable metrics where possible. For example: Having customer information in a centralized place will allow ...
"Tying" is an illegal razor blade model strategy that requires the purchase of an unrelated good prior to being able to buy a different (and often required) good. For example, imagine Gillette released a line of lotion and required all customers to buy three bottles before they were allowed ...
Example: Business process management helps a manufacturing company automate creating purchase requests. When the inventory of any particular product reaches a pre-defined threshold, the BPM software immediately triggers a purchase request. The request passes through an approval workflow and is evaluated a...
For example, a business case may pinpoint the inefficiencies in order processing and fulfillment, show how the ERP system will improve those processes and estimate the business value of those improvements. That value can include both tangible benefits, such as cost reductions or the ability to han...
In case you weren’t already familiar with this business idea, a podcast is an episodic series of audio recordings around a certain topic or topics. Though starting a podcast can be one of the best businesses to start with little money using free recording and editing software, you might ...
For example, for the process of selling cars, you can set up a single business process flow that starts with a common qualification stage but then splits into separate branches, based on a rule:One branch manages the case of a customer who prefers a new car or a pre-owned car. Another...
These days, customers expect instant answers to their questions, and any uncertainty with their purchase can result in a lost sale. For example, at WPBeginner, we offer several professional services, including emergency assistance for hacked sites. So, we know how important it is to offer fast ...
For example, use reserved instances, scale capacity up and down, use the Azure hybrid benefit, and right-size your resources.A business case isn't just a moment-in-time view. It's a plan that covers a period of time. As you shift to the cloud, your costs begin to decrease. You ...
For example, ‘Our revenues aren’t rising as fast as they should,’ or ‘Inventory isn't turning over as fast as it should,’ or ‘Costs are too high.’ That's where the business case starts.“Then, we find out how big this problem is. We talk to people in the company and ...
For example, you might sell jewelry—in this case, you may solve your customers’ challenge by finding high-quality earrings at a price point they can afford, or bracelets they can wear in the water without getting destroyed. When you know the problem you’re solving, you can begin to ...