For any major company or organization, there are several departments that will comprise the overall extent of operations. From research and development, to accounting and finance, each division has its own respective purpose that contributes to overall productivity. Each of these divisions, however, have their own costs to run. The labour costs may not initially...

If you own a business, or are in a senior managerial role at an enterprise, you are probably aware of supply chain management. The flow of goods and services that are relevant to a company will always require maintenance in regular intervals. When done effectively, this can significantly reduce overall costs, while driving profits upwards.

Small businesses make up a large portion of the entrepreneurial community these days and it’s easy to see why: when you own and run a small business, you can set your own pace, you can work with products and concepts that actually excite you, and you have much more independence overall (and responsibility). However, starting...