Russell Powell, Author at The NX Group

The 80/20 Rule

by Russell Powell | Jun 21, 2016 | Business, Supply Chain

The Pareto Principle, more commonly known as the 80/20 Rule, makes the claim that 80% of outcomes are the result of 20% of the causes. This is probably most apparent in terms of distribution of wealth. For example, 80% of the income in a typical society is earned by...

What would happen after Brexit?

by Russell Powell | Jun 17, 2016 | Business, Supply Chain

Next week the United Kingdom of Great Britain and Northern Ireland votes in a referendum to decide whether to stay in the European Union or leave. The major issue with the Leave campaign is that we don’t know what would happen after Brexit. The representatives...

Prepare for Black Friday

by Russell Powell | Jun 14, 2016 | Business, Supply Chain

Most businesses that handle physical products are aware of one or more peak trading periods in the year. For most retailers, the 6 weeks leading up to Christmas is the most concentrated sales period. Aside from gifts, there are lots of parties and end-of-year events...

What is Rework?

by Russell Powell | Jun 10, 2016 | Business, Supply Chain, Warehousing

Sometimes a retailer or distributor will ask their suppliers to put their stock into a different format, in order to aid identification or handling. This can be something as simple as adding an extra label, or in some cases, removing items from one box and putting...

The Business of Sport

by Russell Powell | Jun 8, 2016 | Business, Supply Chain

In the week that the European Championships kicks off in France, let’s have a look at how sporting events can affect local and global business. The business of sport can be described in as direct terms as tourism local to the event, but it can also extend to the wider...