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What is an Example of a Professional Negotiation?

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In business, negotiation is a quintessential skill. It is the backbone when forming alliances, striking deals, or averting conflicts.

These negotiations range from the simple to the complex, with the professional ones characterized by multiple stages, structured approaches, and the potential for high stakes.

While negotiations come in various forms and contexts, professional negotiators often serve as quintessential examples of the delicate balance between collaboration and competition. To gain a deeper insight into this, let’s explore an illustrative example of a professional negotiation. [Read more…] about What is an Example of a Professional Negotiation?

Making a Warehouse More Efficient

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If you are thinking of trying to improve the practices throughout your business, one of the main ways that you might be able to do that is by looking at the various areas within that business. And one that is especially important in most companies is the warehouse.

If you have a need for a warehouse, then it’s always going to be a really central and vital part of the company on the whole, and you’ll want to make sure that you are making it as efficient as you possibly can.

When it comes to that, there are a lot of things you can think about. In this post, we are going to take you through just a few of the most important of these, so that you can effectively run a much more efficient warehouse in no time. Let’s take a look at what this involves. [Read more…] about Making a Warehouse More Efficient

Keep Yourself Safe While Cycling With These Useful Tips

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A couple of decades ago, you could argue that bicycle accidents weren’t a thing. But fast-forwarding to 2022, an increasing number of people are biking to work. And while there are many reasons for this uptick in bicycle fatalities, one of the most common is dooring. [Read more…] about Keep Yourself Safe While Cycling With These Useful Tips

EPHJ trade show returns to bring together industrial high precision in Geneva

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After a somewhat “sterile” year in 2020 due to the Covid-related restrictions, the EPHJ Trade Show has done everything to ensure that this 2021 edition, initially postponed for some months, can now be held in the best possible conditions, given the wider public-health backdrop.

This year, the Trade Show will host more than 500 exhibitors at Palexpo. Large numbers of Swiss and international visitors, mainly from neighbouring countries, have already signed up. From small SMEs to sizeable multinationals, no one wants to miss this “return to normal”.

“The convivial and friendly spirit at the EPHJ Trade Show is one of the main factors behind its success”, explains Alexandre Catton, Director of the Trade Show. “Everyone really wants to meet up, reconnect with each other, smile at one other without a screen, have a drink with their clients and do some face to face business.” [Read more…] about EPHJ trade show returns to bring together industrial high precision in Geneva

Safety for Workers, Here is What You Should Know

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Safety within the construction industry and beyond this is vital for the reputation of your business and the welfare of your workers.

It may begin with ensuring that they have the correct training for the job, as well as ensuring that you check drivers license status on all new workers.

However, safety now goes beyond the initial security checks. [Read more…] about Safety for Workers, Here is What You Should Know

Customer Due Diligence: Why and How?

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Customer-related risk assessment is highly important to any organization. That’s why companies process information from each prospective customer to maintain the needed level of organizational supervision.

Proper customer due diligence (CDD) is what institutionalizes this process. Proper CDD utilizing makes companies aware of the smallest risk and helps identify the highest risks, including fraud.

CDD is a legal requirement for businesses in the US and many other countries with EDD (Enhanced Due Diligence) required for dealing with clients from the KYC high-risk category. [Read more…] about Customer Due Diligence: Why and How?

Manufacturing industry ‘optimistic’ about post-pandemic recovery

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More than 60 percent of professionals in the UK manufacturing industry expect the sector to recover from the coronavirus pandemic and return to business as usual by mid-2021, according to a new survey by SteelScout.

However, they highlighted issues in the wider supply chain which might impact the recovery, with almost 30 percent unable to access the materials they need and 36 percent adding that it is taking longer just to receive a “winning quote”.

One key driver behind the confidence in recovery is that 62 percent of respondents reported having orders waiting to be fulfilled once lockdown rules have eased. [Read more…] about Manufacturing industry ‘optimistic’ about post-pandemic recovery

UPS to use drones to deliver medicines to retirement homes in Florida

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CVS Health Corporation and UPS subsidiary UPS Flight Forward will use drones to deliver prescription medicines from a CVS pharmacy to The Villages, Florida for the largest US retirement community, home to more than 135,000 residents.

The service will use Matternet’s M2 drone system.

Drone transport offers a fast delivery option for medicines that are time-sensitive, while supporting social-distancing efforts. Drone delivery options provide individuals with a convenient alternative to visiting a pharmacy. This program can also help prioritize the protection of healthcare workers. [Read more…] about UPS to use drones to deliver medicines to retirement homes in Florida

Chinese exporters accuse Trump of not playing by the rules

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Chinese export companies have strongly criticized President Donald Trump for deciding to increase tariffs on imports into the US by another 10 percent, bringing them up to 25 percent for hundreds of billions of dollars’ worth of manufactured goods.

Comments reported by the South China Morning Post say Chinese exporters are decrying Trump as a business “killer” who “never plays by the rules”.

One exporter, Liao Yu, who produces bags and suitcases, said: “A 25 per cent [tariff] will kill everyone.”

[Read more…] about Chinese exporters accuse Trump of not playing by the rules