Inventory Management
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Inventory Management
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by Administrator 03.14.2017
Let’s get serious. About 43% of small business owners are not using technology to track inventory, or they’re using a manual process for perhaps the most mundane area of running a retail business. Are you one of them? The bigger question is, why?  It’s just crazy. If you haven’t...
Let’s get serious. About 43% of small business owners are not using technology to track...
Let’s get serious. About 43% of small...
Inventory Management
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Inventory Management
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by Administrator 03.07.2017
How often do you run warehouse inventory reports? If you’re not all that consistent about staying on top of your inventory, especially if you have more than one storage location for your business, you could be losing money. You need to stay on top of what’s going on with your short-term...
How often do you run warehouse inventory reports? If you’re not all that consistent about...
How often do you run warehouse inventory...
Inventory Management
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Inventory Management
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by Administrator 03.03.2017
We say it all the time. You need an efficient inventory management system to run an efficient retail business. And if your operation is big enough to need a warehouse to store what you sell, all the more reason to embrace today’s inventory management technology tools to ensure that efficiency. But,...
We say it all the time. You need an efficient inventory management system to run an efficient...
We say it all the time. You need an efficient...
Inventory Management
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Inventory Management
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by Administrator 02.20.2017
If you run a small to mid-sized retail shop, it wouldn’t be unreasonable to feel competitively squeezed out of potential customers by ecommerce sites like Amazon. But that doesn’t mean your business can’t rise above the competition. Sure, we all like a good bargain. And it’s...
If you run a small to mid-sized retail shop, it wouldn’t be unreasonable to feel competitively...
If you run a small to mid-sized retail shop,...
Inventory Management
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Inventory Management
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by Administrator 02.14.2017
Do you like to play guessing games? They are great brainteasers to play at holiday parties, or on rainy summer days on vacation, for example. You know the ones. Like “Charades,” where you have to act out something without saying anything and everyone has to guess what you’re trying...
Do you like to play guessing games? They are great brainteasers to play at holiday parties,...
Do you like to play guessing games? They...
Inventory Management
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Inventory Management
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by Administrator 02.07.2017
Thomas Edison said, “Opportunity is missed by most people because it is dressed in overalls and looks like work.” Think of this quote in terms of managing inventory for your retail business. Counting, tracking, pricing, storing, and, of course, fulfillment.  Sounds mundane. But, these,...
Thomas Edison said, “Opportunity is missed by most people because it is dressed in overalls...
Thomas Edison said, “Opportunity is...
Inventory Management
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Inventory Management
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by Administrator 01.31.2017
If your retail business enjoyed high-sales volume during the holidays, that’s awesome news. Clearly you stocked up on merchandise your customers wanted. And happy customers should translate to brand loyalty down the road. But there is a flipside to be prepared for – how to efficiently process...
If your retail business enjoyed high-sales volume during the holidays, that’s awesome...
If your retail business enjoyed high-sales...
Inventory Management
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Inventory Management
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by Administrator 01.26.2017
If you are a warehouse manager, you know that efficiency is key to running a smooth supply-chain operation. Of course, money is always an issue. If you are expected to keep costs down, how can you achieve top-notch efficiency? Key to the efficiency formula is inventory management. According to Inbound...
If you are a warehouse manager, you know that efficiency is key to running a smooth supply-chain...
If you are a warehouse manager, you know...
Inventory Management
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Inventory Management
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by Administrator 01.18.2017
Now that the holiday buying frenzy has ended, the first month of a new year can be kind of a drag for retailers. Not only is January a long month, it can be a slow sales month, which is exactly why, back in 1878, John Wanamaker, founder of Wanamaker’s, one of the very first department stores in...
Now that the holiday buying frenzy has ended, the first month of a new year can be kind of...
Now that the holiday buying frenzy has ended,...
Inventory Management
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Inventory Management
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by Administrator 01.10.2017
Internet shopping is convenient, but not for everyone, and that’s a challenge for retailers. For department stores like Macy’s, in-store holiday sales were weak enough to trigger the decision to close nearly 70 stores in 2017. Online sales were strong, but not strong enough. CEO Terry Lundgren...
Internet shopping is convenient, but not for everyone, and that’s a challenge for retailers. For...
Internet shopping is convenient, but not...
Inventory Management
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Inventory Management
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by Administrator 01.03.2017
Now that your end-of-year inventory audit is complete, what did you find? Any surprises? If inventory shrinkage turned out to be more than expected, that would not be out of the ordinary. According to the 2016 National Retail Security Survey, robberies continue to be a troublesome expense for retailers. According...
Now that your end-of-year inventory audit is complete, what did you find? Any surprises? If...
Now that your end-of-year inventory audit...
Inventory Management
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Inventory Management
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by Administrator 12.27.2016
The holiday rush is over and it’s time for retailers to close the books for 2016, assess how well their businesses did for the year, and to figure out what operational systems worked, what didn’t work, and what improvements they need to make if profitability fell flat. Let’s face it....
The holiday rush is over and it’s time for retailers to close the books for 2016, assess...
The holiday rush is over and it’s time...
Inventory Management
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Inventory Management
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by Administrator 12.20.2016
If one of your New Year’s resolutions for 2017 is to improve profitability for your retail business, you’re probably not alone with that one. What business owner doesn’t want to make more money? The real question is how are you going to do it?  The answer should be through an...
If one of your New Year’s resolutions for 2017 is to improve profitability for your retail...
If one of your New Year’s resolutions...
Inventory Management
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Inventory Management
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by Administrator 12.13.2016
It comes around every year – the inventory audit. It’s a crucial business practice that must be done accurately not only to ensure sales numbers are properly reported on financial statements but to also track product activity to forecast a plan for profitability for the new year. So are...
It comes around every year – the inventory audit. It’s a crucial business practice...
It comes around every year – the inventory...
Inventory Management
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Inventory Management
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by Administrator 12.07.2016
Now that the holiday gift-shopping season has kicked into high gear, it wouldn’t be a surprise if your primary focus as a retailer were on raking in as much in sales as possible. This time of year is, after all, when many retailers are hoping for a big bottom-line boost that can be between 20 and...
Now that the holiday gift-shopping season has kicked into high gear, it wouldn’t be a...
Now that the holiday gift-shopping season...
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