We often hear the phrase “prevention is better than cure” when talking about health. It is a simple idea that avoiding illness is easier, cheaper, and less painful than treating it after it arrives. But this wisdom does not belong only to the world of medicine. It extends to nearly every aspect of life. Whether… Continue reading Prevention is Better Than Cure: A Lesson for Life
Tag: Risk Management
The Power of Monthly Business Reviews in Order-to-Cash Services
Running a smooth and efficient order-to-cash (O2C) process is crucial for any service provider handling transactions on behalf of a client. In industries like pharmaceuticals and medtech, where compliance, accuracy, and timeliness are non-negotiable, ensuring that everything runs seamlessly is even more critical. That’s where the Monthly Business Review (MBR) becomes an essential tool. It… Continue reading The Power of Monthly Business Reviews in Order-to-Cash Services
Understanding Incoterms: A Guide to International Trade Rules
When businesses buy and sell goods internationally, they need clear rules to define who is responsible for transportation, insurance, customs duties, and potential risks. This is where Incoterms (International Commercial Terms) come in. These standardized trade terms, established by the International Chamber of Commerce (ICC), help buyers and sellers avoid confusion by clearly outlining their… Continue reading Understanding Incoterms: A Guide to International Trade Rules
