Green Supply Chain Practices Factors to Lower Carbon Footprint Green supply chain practices are incredibly important, as they are a critical component for companies to lower their carbon footprint and create long-lasting, positive change for the planet. Achieving a green supply chain can seem like an overwhelming and stressful process – but with the right guidance and coordination, it can be a smooth…
Read MoreThe Best Types of Green Supply Chain Practices Supply chains are responsible for the majority of energy and resources used by a company, which is why companies should implement sustainable practices. Green supply chain practices have the power to make a lasting impact on the planet, while simultaneously increasing a company’s cost efficiency. This article will discuss sustainable supply chain…
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What are Sustainable Supply Chain Practices? At Group O, we help businesses incorporate sustainable and green practices into their supply chains. While sustainable and green practices are similar, there is a difference. Sustainable practices focus on reducing impact, while green practices focus on improving environmental health. The goal of these practices is to decrease carbon emissions and waste,…
Read MoreSuccessful Rebate Processing - 6 Steps to a Smooth Rebate Program After the rebate program has been implemented and the goal incentive has been met, the rebate processing stage begins. An important part of having a successful rebate program is having an efficient rebate processing program in place. When processing a rebate, accuracy is crucial, otherwise there could be a loss of profit or reputation.…
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How to Measure Success of Rebate Programs Rebate programs should drive sales, not frustration. Unfortunately, many organizations fail to maximize the potential of their rebate offers and lose sight of what makes them so valuable in the first place. Companies offer rebates for three primary reasons: - Gain market share - Reduce competitor market share - Increase sales While customers love rebates,…
Read MoreRebate Programs A rebate program is used to incentivize sales. In short, a buyer makes a purchase from a seller, and afterwards the buyer can claim a rebate from the seller. The rebate is a money-back reward for purchasing a certain value, volume, or percentage of goods. It is essentially a delayed discount. Rebates are a more suitable option than discounts, because if a company continuously discounted…
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Rebate Examples Before we dive into some examples of rebates, let’s define what a rebate is. Rebates are a retrospective payment from a seller to a buyer, given after the agreed upon incentive is met. The purpose of a rebate is to motivate the buyer to purchase more goods, as well as build customer loyalty. There are multiple different types of rebate incentives sellers will use, which are strategically…
Read MoreRebate Processing - Behind the Scenes of Rebates Rebate processing is when a financial incentive between a seller and buyer is agreed upon, tracked, and claimed. Rebate programs are implemented as a way to increase sales growth, while protecting price integrity. The rebate acts as a payment from the seller to the buyer, which is paid retroactively to the buyer after the agreement has been met. Rebates…
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Automated Packaging System Mistakes to Avoid As the demand for a product increases, so does the need to increase production levels. While manufacturers need to keep up with these increasing demands, they also need to do it in a cost effective way. Many are implementing automated functions in packaging to meet this increasing demand. When it comes to automating your packaging system, these are the…
Read MoreSuccessful Packaging Design In order for your packaging design to be successful, it needs to protect your product while also being visually on-brand and cost-effective. With so many other packaging functions to consider and with sustainable packaging practices heavy on consumers’ minds, designing successful packaging will take a little forethought. Clearly, there is a lot more at play here than designing…
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