Radley Private School recently visited Builders Warehouse distribution centre in Waterfall where matric learners from the business-orientated school were provided with an in-depth overview of how the entire supply-chain process works.
As part of their educational programme, which integrates entrepreneurship into the entire curriculum, Radley Private School’s learners (or entrepreneurs, as they are known) are exposed to all types of business models through visits to factories, distribution centres, retail stores and fast-food restaurants.
The Builders team took the class through a detailed presentation of how the supply chain process works, covering areas such as auto-replenishment, process engineering, system and process optimisation, as well as distribution. The team was inundated with questions from the Radley entrepreneurs who were fascinated by the complexities and sheer scale of the operation.
The entrepreneurs gained a greater understanding of how they work, what issues they face and what opportunities they can take advantage of.
Currently, most schoolchildren leave matric without understanding the difference between a manufacturer, a wholesaler and a retailer.
It is for this reason that Radley Private School highlights the importance for entrepreneurs to have the ability to clearly distinguish between the various business categories, understand the differences in business models and have an awareness of the opportunities that relate to those particular models.
Related article:
https://www.citizen.co.za/midrand-reporter/198482/vat-tips-small-businesses/
