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5 Strategies to Recession-Proof Your Business

Metasource

In fact, according to an article for MIT Sloan Management Review , a downturn presents opportunities that some businesses can use to their advantage. The article states, “The worst of times for the economy as a whole can be the best of times for individual companies to improve their fortunes.” How can your business do this?

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Best Remote Companies for Software Engineers: Navigating the Future of Work

Groove Technology

This article will delve into the qualities that distinguish the best remote software engineer companies, offer valuable tips for navigating the remote job market, and equip software engineers with the knowledge needed to embrace the future of work.

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Travel and Expense Management: What Is It, Challenges and Best Practices

Planergy Software

Download Free Copy Travel and Expense Management: What Is It, Challenges and Best Practices Written by Lyle Del Vecchio 16 min read Expense Management Expense Reporting Process & Procedures Download PDF IN THIS ARTICLE What Is Travel and Expense Management? Without visibility into spend, it’s very difficult to control costs.

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Surviving the Storm: What Strategies Can a Company Use in an Economic Downturn?

inDinero

In this article, we will explore some strategies to use in less-than-favorable economic environments and how they can be applied to help companies withstand the challenges posed by an economic downturn. It may also be beneficial to renegotiate rental or lease agreements to reduce overhead costs.

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How to Boost Your Business Efficiency: Unleashing the Power of Virtual Assistants for SMEs

Magellan Solutions

If yes, then this article for virtual assistants for SMEs is a must-read for you. Cost-effectiveness and flexibility in hiring Hiring offshore VAs reduces overhead costs because you don’t have to pay full-time employees’ salaries and benefits. Do you have an SME business and planning to hire a virtual assistant?

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Centralized Purchasing: Advantages and Disadvantages

Planergy Software

By sharing information and resources, there are opportunities to combine departmental purchases so that you can qualify for volume discounts and also reduce your delivery and transportation costs. You’ll be able to streamline the process with automation, across different departments if you handle everything from a central location.

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11 Cost Reduction Strategies in Procurement

Obobo

Leverage technology solutions to automate procurement procedures , improve compliance, and reduce costs. Optimize Inventory Management: Effective inventory management can help reduce waste, minimize storage costs and prevent over-ordering of products. – Implement sustainability programs to reduce waste and costs.