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Jin Hyun

Jin is a content coordinator and SEO strategist for the Hubworks marketing team. When she's not busy writing and conducting research, she enjoys reading, binging Netflix, and exploring the outdoors with her rescue dog.

What Is Procurement? Complete Guide For Businesses

In this guide, learn what procurement is, how it works, its vital processes, and why this is an essential function in any inventory-based business.
what is procurement complete guide for businesses

Elements of Building a Supply Chain Strategy & 6 Ideas

A supply chain strategy protects the supply chain by creating contingency plans and outlining the structure of the supply chain activities.
elements of building a supply chain strategy 6 ideas

5 Stages of Product Life Cycle Management- Guide for Businesses

Product life Cycle management handles the movement of products as they go through their life cycle, from market introduction to their eventual decline.
5 stages of product life cycle management guide for businesses

What is Product Differentiation? How Businesses Can Stand Out

Product differentiation allows businesses to market their items as unique and more appealing to their consumer base. By leveraging differentiation techniques, businesses can gain a competitive edge.
what is product differentiation how businesses can stand out

External vs. Internal Economies of Scale- Definitions and Examples

When the production process of a company is optimized to become more efficient, businesses can achieve cost advantages, also known as external and internal economies of scale.
external vs internal economies of scale definitions and examples

Average Profit Margin Per Industry & How to Calculate Them

Improving a business's profitability requires an understanding of the average profit margins in the organization's industry and how these metrics can be calculated.
average profit margin per industry how to calculate them

Value Chain Analysis & Competitive Advantage- Guide for Businesses

Value chain analysis is the process of evaluating a business's internal activities to discover how it can gain and sustain a competitive advantage.
value chain analysis competitive advantage guide for businesses

10 Inventory KPI Metrics All Businesses Should be Tracking

The key to effectively ordering, handling, and managing inventory is creating a data-driven stock management system that is backed by inventory KPI metrics.
10 inventory kpi metrics all businesses should be tracking

Guide to Asset Tracking for Businesses- Definition, Methods, and More

Asset tracking is a method for monitoring the location and condition of physical assets using tools such as barcodes, QR codes, and RFID tags.
guide to asset tracking for businesses definition methods and more

What is Operations Management? A Primer for OM Techniques

Operations management allows companies to stay competitive and efficient, all while providing customers with better products and services.
what is operations management a primer for om techniques