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Anyone who tuned in to the first season of “The Profit” on CNBC should be aware of Marcus Lemonis’ 3 P’s philosophy. The core of his ideology centers on the fact that business success hinges upon the effective management of People, Process, and Product. On February 25th, “The Profit” returned for Read More

Depreciation is a topic many people find confusing, but the basic concept of depreciation is not particularly complicated. In fact, depreciation is simply a method of allocating the cost of a tangible asset over the expected useful life of the asset. As a simple example, a machine that cost $1,000 Read More

Knowing consumers’ holiday purchasing habits could have prevented UPS’s inability to deliver packages on time for Christmas. Recognizing on-line sales continue to increase, especially when retailers frequently offer the best deals right before Christmas, UPS should have taken their own advice and i Read More

In another month, the 2014 Sochi Winter Olympics will begin. Teams from around the world are training vigorously in the hopes of bringing home the glory and the gold medal in their chosen sporting venue. There will be 17 days of winter events and 9 days of Paralympic Games as a full house of specta Read More

The 2014 Winter Olympics are quickly approaching! We are excited to see how the most expensive games (at $51 billion) will go and cheer on the over 2,500 athletes participating. Read More

The 2014 Winter Olympics will be held in Sochi, Russia, and the event has already proven itself to be the most expensive Winter Olympic Games of all time. According to CNN, the 17-day event will cost Russia at least $50 billion. In fact, Russia spent $8.7 billion just to build a new railway in prep Read More

There’s been endless talk lately about Facebook algorithms and a pay-to-play structure. Best practices seem to change week to week. And reach still sucks. So, when my Facebook post reached over 10,000 people last week, I about fell out of my chair. Here's the lessons I learned from that post. Read More

The 2014 Winter Olympics, hosted in Sochi, Russia, will involve fifteen events over the course of 17 days. Hosting the 22nd Winter Olympics is no simple task: throughout this time there will be a tremendous volume of construction, utility routing, infrastructure maintenance, and asset management ch Read More

The Sochi Olympics will last only 17 days but the logistics are staggering. There will be more than 5,500 athletes and team members along with 1,350 Paralympic athletes. In addition, there will be more than 25,000 people on the support staff and 12,000 members of the media. More than 3 billion tele Read More

Lean inventory management is a philosophy derived from the Toyota Production System of the 1940s. The car manufacturer developed the system to eliminate waste and inefficiency in their manufacturing environment. Due to both its successful implementation and positive financial impact, this methodo Read More