In the years since the EPA’s “Tier 4” emission standards first hit the heavy equipment world, a secondary market in older “pre-Tier 4” used construction equipment has blossomed. Buying pre-Tier 4 heavy equipment can be an economical way to address your business’s current needs. But, there are trade-offs and... read more →
You’ve probably seen the studies that show 60% of online shoppers will make at least one return a year – and that bad return policies scare off 80% of would-be shoppers. That’s why a retailer’s return policy is a fundamental part of brand awareness and customer acquisition process. So,... read more →
Traditionally, biopharma companies can increase their revenue for research and overhead through price increases for exclusively owned products. (First, raise the price on drugs you’ve got a patent for. Then, people will pay the mark up to become and stay healthy.) However, that status quo is shifting, thanks to... read more →
When it comes to budgeting your expenses for the next year, many operations managers start with the direct labor and material costs. That is, how much it costs to purchase product supplies, as well as how long and how much it costs to pay people to make them. But,... read more →
Last month, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced the latest residential construction rates, demolishing economists’ expectations. Overall home construction is up 12.3% – the highest it’s been since May 2007. More astonishing, apartment and condominium building rates rose 30.9%. Far from... read more →
Maybe you’re waiting out the U.S. trade war with China, or you’ve got an eye on the hard Brexit date. Or, maybe you’re just in the middle of some expected seasonal downtime. Whatever the reason, you have mothballed equipment not being used, stockpiled supplies, and excess inventory that’s overflowing... read more →
The cell phone industry has had quite a few banner years lately — particularly the refurbished cell phone industry. While the traditional primary market for new smartphones grew a respectable 3%, research from Counterpoint shows that the refurbished smartphone market grew a whopping 13% year over year in 2017,... read more →
The biopharma industry is one in which successful companies, investors, drug developers, and scientists can manage – even celebrate – the inevitable failures of research and development. In a field where rare successes more than make up for the disappointment, failure is typically not a stigma. But how can... read more →
By now, you’ll have read the Institute for Supply Management’s August 2019 manufacturing report on business. The headline? The ISM Manufacturing Index has fallen below 50%. After months of falling demand and increased expenses due to global uncertainty, U.S. manufacturing market has officially begun to contract. But what does... read more →
Whether you are brand new to the world of reverse logistics or you’ve been running a successful business on the secondary market for years, a strong online presence is vitally important to the health of your bottom line. Recently, Liquidity Services hosted an informative panel discussion at the 2019 Reverse... read more →