Why supply chain partners are not resetting rebates past due
Rebates are critical to improving financial outcomes across the supply chain, such as increased profits, increased sales, and better service to end customers. That’s why trading partners must think creatively about how to make the most of rebates to achieve their business goals. Also read: Why many new industries are embracing kickbacks Employing more sophisticated and flexible rebate strategies will open up many avenues for growth. While these advanced strategies are inevitably more complex than traditional incentives such as discounts, there are powerful digital tools that can handle this complexity and facilitate collaboration among trading partners. With these tools, partners can take a more innovative and strategic approach to rebates, a shift that has the potential to strengthen the relationship and significantly improve business outcomes for both parties. In other words, it’s time to reset your rebates. The traditional one-size-fits-all approach to rebate management prevents manufacturers, distributors and other partners from maximizing the value of their relationships and driving the…
Dealing with Stress in Event Planning: Resetting Your Mindset
By Penny Zenker, aka The Focusologist Did you know this not-so-fun fact about event planning jobs? The 2023 World Scholarship Pool ranks event planning as the third most stressful job in the world, behind the military and home health aides and ahead of first responders, social workers and teachers. The pressure to ensure everything runs smoothly, the unpredictability of certain factors, and the constant need for creativity can overwhelm even the most experienced planners. Stress impairs your brain’s ability to think creatively and find solutions. Stress also triggers the fight-or-flight response, which limits your focus and keeps you focused on immediate survival rather than long-term problem solving. In event planning, these limitations can cause psychological blocks that can leave you feeling stuck and unable to move forward. So I’m here to tell you something that can help you relieve stress, regain control, and keep you focused on what’s really important: Reset. When you realize stress is taking over, you can…
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