Retaining customers and increasing “share of wallet” are critical in the current tough economy. Consumers spend less, competition is fierce and even well known chains are going out of business. To remain competitive - and solvent - retailers need to develop more profitable relationships with their customers.
As a physician, you earned an MD, but probably not an MBA. But in today’s health care environment you have to run your practice like a business in addition to providing great patient care. It’s critical to have efficient staffing, minimize costs and maximize your reimbursements and collections. Here we present five ways in which an electronic medical record (EMR) can help you achieve these goals.
Radio Frequency Identification (RFID) has been a hot topic throughout the retail supply chain for a few years. However, its adoption has largely been confined to larger retailers like Wal-mart, which championed the technology earlier on and even went so far as to mandate the use by its vendors.
Given Moore’s Law - computing technology will exponentially increase in processing power while lowering in cost - we can expect to see RFID become accessible to the small and mid-size retailer in the near future. Therefore, we thought it made sense to draft a brief primer on this technology and explain how it might be used in the mainstream retail environment.
Regardless of how responsibility is shared in a project, building owners bear the ultimate risk. They write the checks for overruns. They feel the pain of delays in the form of lost revenue opportunity. Finally, they pay the additional costs of a facility built for project profitability rather than long-term operating efficiency. Everyone but the lawyers will agree that litigation won’t recover these costs.
