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Certified Global SME Advisors – Volume 1, Issues 2 – August 2020

Just a few short decades ago when I was a university student, I was stressed about an upcoming tax exam. Looking back, exams seem very minor compared to the personal and financial hardships many are experiencing today due to Covid.However, when you’re young, anything happening seemed very serious. Seeking some adviceabout my serious tax exam situation, I called my Dad. He was a man of few,but wise,words. He was also a World War II veteran who had been chased by a tank, blindedwhen tank artillery hit a brick school house he was hiding in, and left for dead after being hit with machine gun fire. My brother and I grew up hearing his war storiesand likely became disproportionately brave in certain situations. Dadnever could sit in front of an open picture window for long; likely the long-term effects of post-traumaticstress disorder.

Certified Global SME Advisors
Volume 1, Issues 1 – August 2020

With the current events taking place concerning Coronavirus, it is important that we take it seriously but do not panic. We must be vigilant and extra careful especially if you are an older adult with underlining health issues.

This outbreak is currently causing a significant disruption to the business environment and fear seems to be taking over. The thing is, this virus will run its course as have other viruses such as the Swine flu in 2009 that affected approximately 60 million people and caused 13,000deaths in the U.S. There were 1.4 billion cases in the world and 575,000 deaths worldwide during that pandemic.

CLAREMONT, CA—Diversification makes good business sense during COVID-19, provided that the rationale and focus for doing so is clear, according to The Society for the Advancement of Consulting® (SAC). With a clear focus, customers will get enhanced value from products and services, as your business avoids the panic mode that besets weaker competitors.

Managing warehouse inventory, on its face, seems a simple concept: Keep enough stock on hand to fulfill orders, but not so much stock that your warehouse is filled to the brim with inventory that won’t move for months (or years). Too much slow-moving inventory means you’re spending money to store products that aren’t earning immediate revenue, and too little means backorders and unhappy customers who are likely to seek out your competition. In practice, however, warehouse inventory management is quite complex, given the number of variables that impact the bottom line:

FAU Business Moderated by David Menachof, FAU Associate Professor, Art Koch and Matt Tichon discuss the current supply chain and strategies going forward in terms of production capacity, inventory management, global vs. local sourcing choices, and value added issues.https://www.youtube.com/watch?v=LTPlvqY4IcE