How to Calculate Customer Lifetime Value and Grow Your Business

CLV i.e., Customer Lifetime Value is a metric that indicates total revenue the business can fairly expect from the single customer account. Customer lifetime value considers the revenue value of a customer, as well as compares that number to the predicted customer lifespan of the Company. Wondering how to businesses calculate CLV?Firstly, calculate the lifetime value through multiplying a sale’s average value, the average period of customer...

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4 Important Tips for Effective Logistics Management

There are several factors included in efficient Logistics management, for instance, perfect coordination and automation. However, there is always some scope to refine the procedure and improve operational efficiency. After all, logistics management is a vital procedure because in case one thing goes wrong, it could result in heavy losses.Have a look at the below-mentioned important tips for effective management of logistics – Adopt Automation...

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Logistics vs. Supply Chain Management: What's the Difference?

Due to innovations, new technology, internal advancements, and external constraints, Supply Chain Management has developed as an improvement over Logistics. Both of these terms are advantageous for a variety of Applications & softwares for businesses as well as are, at times, utilized interchangeably. Think of the supply chain as the network of suppliers, manufacturers, retailers, and wholesalers etc., instead of a series of particular functions....

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