Prime Costs and Conversion Costs in Manufacturing

When you talk to manufacturers, they frequently use a term called ‘conversion costs’ and a few of them also use the term ‘Prime Costs’ (especially used by Chinese vendors). A typical manufacturer would look at charging you as below: So, you could guess: Conversion Cost is the total cost that is borne by the manufacturer …

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What motivates different kinds of people towards action? (in Big 5 format)

This post is a re-blog from The Procrastinator's Mind. The Big 5 personality factors or test is by far the most accurate personality test available in the world right now. I've taken this test during my business school, and it is fairly accurate to not only me but also to all the other 400 students …

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Whenever there is no positive correlation between EBITDA and FCF, always trust FCF.

Comparing any two entities, may it be two different sportsmen like Michael Jordan and Lionel Messi or two different companies like Apple and GE, is always very difficult because there is no common structure to compare them. It is comparatively a bit easier to compare sportsmen or companies within the same category as comparing Ronaldo …

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The 5 Characters That Succeed And Don’t Succeed In Sports (& Life)

People who know me well know that I am very fascinated with sports. I love playing even in my busy schedule and I always take time to play cricket and other sports with the local kids around. Cricket is a sport I loved playing growing up for hours and hours, and I especially love the …

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Three Pillars of Demand Generation

Demand Generation is a set of activities that communicates relevant messages to appropriate audience and get them excited and interested about a company's products and services with an intention to convert the prospect into a qualified lead and then into a customer. The goal of demand generation is to develop the key prospect or customer …

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Monetary and Fiscal Policy during Covid19

It is now very clear that the economic impact of Covid19 is going to be far greater than anything that we've seen in the last fifty years, and far greater than the 2008 global financial crisis. People who are poor and middle-class are going to be the most hit in this situation world-wide especially in …

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Raising Autism – Acceptance, Understanding, and Love.

I've almost taken a mini-sabbatical since my last post. Hope you are all safe and doing fine. While we are all battling the Covid19 pandemic, I quietly took this time as an opportunity to spend time with my kid, Aarish. It is not every day that you can get some time with kids these days. …

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Coronavirus – Everything about mask protection

The current route of human to human spread of Coronavirus is majorly via respiratory droplets or contact. Any person who is in close contact, within one meter, with someone who has respiratory symptoms such as sneezing and coughing is at risk of being exposed to potentially infective respiratory droplets. Wearing a medical mask is one …

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Fabric manufacturing today – weaving and knitting.

Textile manufacturing is a major industry and it is based on the conversion of fiber into yarn and yarn into fabric. Fabric is probably one of the most essential needs of humans, and it is just sheer beauty in how we convert fiber to fabric. The world consumes about 200 billion new t-shirts every year. …

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Consciousness cannot have evolved – Bernardo Kastrup

This is a beautiful article by Bernardo Kastrup, a computer engineer, and philosopher. The link to the original article at IAI is here. The overwhelmingly validated theory of evolution tells us that the functions performed by our organs arose from associated increases in survival fitness. For instance, the bile produced by our liver and the …

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Beans and Bean-bags: Manufacturing and Marketing

Designed by Piero Gatti, Cesare Paolini, and Franco Teodoro and produced by the Italian company Zanotta in 1969, beanbags have become a globally recognized piece of furniture. Today, the global bean bag market is estimated to be around 100 million USD and is expected to reach 1 billion USD in its market size by 2026. The …

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Six Key Leadership Principles at Amazon

Amazon is one of the largest and most successful companies in the world. At its core, Amazon believes that "leadership" has nothing to do with your role; whether the employee is an individual contributor or a manager of a large team, these leadership principles are the guiding principles for every employee and have been the …

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Get Away From Your Smartphone Pleasure Traps! (Reblog from The Procrastinator’s Mind)

This is a repost from The Procrastinator's Mind (www.theprocrastinatorsmind.com) Today, we live a significant part of our lives in the smartphone. We all have an overwhelming need to stay connected and not miss any important notifications. But in this process, we also become addicted to our smartphones regularly checking for pleasurable messages or visually appealing Instagram posts. …

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Furniture E-commerce Marketplace – The Four Major Challenges

It is now clear that India has two large online marketplaces, Amazon and Flipkart, with Paytm and Snapdeal losing steam in the last five years. All these platforms have largely grown in size with electronics being the major contributor and the primary reason for the consumer-pull (with discounts on top brands). Electronics, followed by other …

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3 Must Buy Books on Procrastination

This self-published hit is an important read for somebody looking to solve their own procrastination. The main message in this book is that procrastination is a voluntary kind of delay and in order to overcome it one needs to understand why we are reluctant towards the action. The book starts well and suggests that pre-deciding …

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Which Mattress Is Good To Alleviate Your Back Pain?

When you are sleeping, your body essentially rests on your ears, shoulders, hips and spine. The position of the spine and the gap between the spine and the mattress is what that causes all the lower back tension. Today it is largely agreed among all esteemed medical research that if you are suffering from chronic …

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Punishment, Ridicule, Shame, Low Self-esteem and Fear of Failure

Authorities punish you. It is what happens to you externally. Friends, relatives, neighbours, colleagues or similar level acquaintances ridicule you; it is society's form of punishment. Again, it is something that happens to you externally. Whereas, shame is a punishment that you impose on yourself. It is something that you feel internally (your response) when you …

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Fear the root of Anger, Sadness, Anxiety, and Guilt

As an individual you have certain weaknesses. For example, you are afraid that your child will be hurt if he falls down. Also, it will lead to his health issues, money to be spent on hospitals, etc. So when your child does something which has a risk of him or her falling down and injuring …

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Spring Mattresses in India – Bonnel Springs vs. Pocket Springs

In a previous blogpost, I discussed about the foam mattresses market and manufacturing in India. In this blogpost, we will have a similar discussion specifically on spring mattresses and the details of the product manufacturing. Recap of the Mattress Market in India The market size of the Indian mattress industry is close to 10,000 Crores …

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Recliners Market in India

Gone are the days when recliners were only seen in the ultra-rich houses in India. Recliners are one of the most aspirational living room items for the average Indian today from an NRI household to the average household and are now commonly seen in an average middle and upper-middle income households. A majority of this …

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