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Servitization 101 – How servitization can strengthen your relationship with your key accounts

Strategic Account Management Association

Servitization and advanced services offer the potential for organizations to significantly transform their business models to deliver even greater value to customers while also increasing their own profitability. It enables the manufacturer to offer a subscription-based service, benefitting from regular income and cash flow.

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How to Calculate Cost of Goods Sold in Your Business

Hubspot Sales

Put simply, it’s one of the biggest indicators of revenue, profit, and business sustainability. Cost of goods sold, or COGS, is a business and sales metric that determines the value of inventory sold (and created, if you’re the manufacturer) in a specific time period. If it’s the latter, you’ve earned no profit.

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How AI can help manufacturers revamp their supply chains and be more sustainable

Zendesk

There has been plenty for the manufacturing industry to be concerned about in recent times. Despite the challenges, the manufacturing industry continued to grow in 2022. Only those manufacturers that continue to adapt will thrive, and AI plays a major role in revolutionizing operations. And yet, there are causes for optimism.

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Volume Discounting: What It Is, How It Works, & What It Looks Like

Hubspot Sales

As a wholesaler or supplier of high volumes of certain products, you're going to run into cases where you want a bit more from your buyers — instances where they might have the bandwidth to buy more but lack the motivation to. For instance, a supplier might offer a discount on any units purchased beyond an initial 100.

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The Plain-English Guide to Cost-Based Pricing [+Examples]

Hubspot Sales

A cost-based pricing strategy is implemented so a company can make a certain percentage more than the total cost of production and manufacturing. Cost-based pricing is a popular pricing choice among manufacturing organizations. Additionally, it can assure a steady rate of profit. Either way, the company will lose profits.

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Social Entrepreneurship: What It Is and Why Everyone's Talking About it

Hubspot Sales

They wrote a business plan, circulated the document to a bank, and worked tirelessly to scale their company and drive profits for themselves and their investors. Social entrepreneurs aren’t only concerned with profits. This shoe manufacturer is a sustainable brand supporting workers’ rights in sub-Saharan Africa.

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FOR IMMEDIATE RELEASE The SAC® Release Why Are Exxon Profits Criticized But Not Apple’s Profits?

Engage Selling

Why Are Exxon Profits Criticized But Not Apple’s Profits? The Society for the Advancement of Consulting® has asked its global members to comment on why an oil company such as Exxon is loudly critiqued for “obscene” profits, whereas Apple is lauded for doing the exact same thing. March 1, 2012. The SAC® Release.