We now know that building Customer Loyalty is key to success in any organization. The philosophy was first articulated by Fredreich Reicheld – who studied the relationship between three factors – customer satisfaction, customer loyalty and profits. (Bain & Company) He stated several facts that seem glaringly clear now, but until then, had not been [...]
Posts Tagged ‘business’
An Overview of Supply Chain Management
Posted by admin on June 5th, 2010
Supply chain management (SCM) is the management process by which raw materials are moved into an organisation, how they are processed internally into the finished products, and finally moved out of the organisation to the customer. The theory behind Supply Chain Management encompasses the planning and management of the different stages of this process, and includes [...]
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