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How to Approach Your Inventory Management After Holiday Sales If you are like most retailers, the holiday shopping season is your biggest and busiest time of year. So, after the holiday rush, wear
How an Inventory Management System Will Help Your Business As a small business owner, you likely put a business plan in place before even opening your doors. You set goals, aiming for growth. Obv
Everyday millions of parts and products move around our vast globe, all moving along the massive supply chain that powers our economy. Monitoring your small piece of that global flow is critical to
What are ghost assets and what do they cost businesses? If you don’t use a type of tracking software to audit your fixed assets, your company is likely haunted by ghost assets. Unfortunately, chanc
Think about your business for a minute. What makes it great? What makes it operate? What’s the one most important asset you attain? If your answer doesn’t include “employees” in each of those questi
Have you ever wondered why your growth strategies are struggling, or worse, never come to fruition? It’s likely you and your employees are spending too much time on other areas of business like inve
It may seem overwhelming to start a system of inventory management best practices, especially if you’ve been in business for a while. Perhaps years of manual inventory control has wreaked havoc on y
Mobile devices have moved beyond the realm of the consumer. Companies across a variety of industries, from manufacturing to healthcare, have identified the power of mobile solutions to make their bu
Starting something new generally isn’t easy… especially when it comes to being your own boss for the first time. Before beginning a small business, understanding the hidden expenses can be the diffe
Inventory managers play a crucial role in any business. To do it successfully they need to possess a wide range of skills. Inventory managers lead a team of workers as they manage the flow of stock
It’s an issue facing many school districts across the country: How to make up for budget shortfalls that could cut into the educational opportunities of our students? Funding for education is oft
Barcodes have helped retailers pack information, such as pricing and available inventory, onto their wares to move things along at the check-out counter, for decades. The barcode scanning systems ar
For small business owners, the difference between inventory management and asset management may be nebulous, if not outright confusing. Inventory and assets occupy similar places in a company’s book
We all try to do our best, but every once in awhile, things go wrong. Sometimes very wrong. If you’re a small business owner, you may not know something has gone wrong until you or your staff pick
These tips will help businesses optimize and reduce unnecessary costs along their supply chain in order to build a more efficient model. The supply chain is the network of independent but interconn
A comparison of capabilities and functions for every type of barcode reader and mobile computer. Barcodes have come a long way from their first retail use on a pack of Wrigley’s chewing gum in the
By identifying the main differences between fixed asset and inventory management, both will improve your small business' ROI and streamline efficiency. Though they are both occasionally referred to
Since the nascent days of the internet and even earlier, enterprising individuals have made money on the side by engaging in freelancing, whether running deliveries as a courier or performing handy
Inventory shrinkage is one of the biggest challenges faced by retail businesses. The loss of your goods means the loss of your company’s money and damage to your bottom line. The National Retail Fe
Many factors contribute to the growth and sustainability of an organisation, but there’s one to put at the top of your list this year: a solid workforce. Wasp is here today to tell you the secret to
The holiday season is approaching. More big retailers are joining forces, whether online only or of the big-box variety, to entice consumers with promises of free shipping for all their orders, regar
At its core, the concept of depreciation is simple: When a business buys a fixed asset, a long-term asset used in the production of inventory, which is then sold for a profit, it commits to keeping
What do start-ups need to know about inventory management? “Knowledge is power” might sound like an overused cliche, but when you are a start-up company, access to information or lack there of can m
A smart small business owner might increase revenue growth by investing in new customer acquisition methods and improving customer service, but end up wondering why they're doing so much more wor
Setting goals is important for your small business to grow. As you start setting objectives, you may be tempted to look at other successful businesses and copy what they’re doing. Resist that urge!
As your company evolves, it’s vital that you stay attuned to key performance indicators (KPIs) that mark growth areas within your operations. KPIs are important because they essentially tell you how
Asset management or tracking software, like many tools that are used to increase employee productivity, is often overlooked by small businesses looking to achieve revenue growth. When it comes to r
“The most respected name in vacuum cleaners.” “Built to last!” “The leading manufacturer of vacuum cleaners made in America and sold worldwide.” Now? Bankrupt. Oreck Corp., along with over 8,500 bus
Novice business owners may not think much about their fixed assets, long-term assets that are used in the production of inventory and income, beyond purchasing them. These assets, which are often th
Whether you’re a small business owner or employee, accurate time tracking can be crucial to understanding how you spend your working hours. That knowledge can be the difference between staying in