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One of the most important aspects of businesses is pricing a product or service. Many managers or business owners do not realize that pricing can be a major driver of growth and profitability, which is ultimately what matters in a business. In this article, we will do a deep dive

Who Is Sam Altman? Sam Altman is the founder and CEO of OpenAI, the company behind ChatGPT, an AI chatbot that produces human-like responses to queries. He founded the company in 2015 with Elon Musk and others to develop a large language model (LLM) that could evolve into AGI (Artificial

Retailers are shifting back to “just-in-time” (JIT) inventory management strategies after moving away from them to "just-in-case" strategies during the recent years of pandemic disruptions and unstable supply chains, as the Wall Street Journal reported recently. JIT involves keeping inventory levels as lean as possible to minimize holding

Oil is the pulsing vein of supply chains — when crude prices spike, your costs convulse. As transportation fuel, manufacturing feedstock, and agriculture input, this global commodity intertwines with your budget. Sudden dips and surges in the oil market translate into wild swings in expenses. Shipments, production, inventory — all shaken by

Artificial intelligence (AI) has often been hyped as having the potential to automate away human jobs. With advancements in computer vision AI that can "see" and generative AI that can write and design, concerns have grown about AI making large segments of the workforce obsolete.  However, a recent