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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
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
“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
Guess how many blog posts get published every day… 1,000? 10,000? 100,000? No, there are 2 million blog posts published every day. There are some common reactions to this information. For someone
3 Holiday Warehouse Challenges And How Inventory Control Helps Before summer is even over, retailers around the world gear up for the upcoming holiday season, and it’s little wonder; the National Ret
Barcode Technology Needed To Prevent Inventory and Asset Management Disasters Inventory shrink resulted in over $44 billion in losses for retailers in 2014, over 50% of it the result of internal thef
It's hard to imagine an organisation with more important asset management challenges than the U.S. Army. Organising everything from IT equipment to fighter missiles is a task of almost incalculable co
Improving Small Business with Time and Attendance Can you think of an issue hotels and laboratories might have in common… something vital in the success of each business? In fact, vital in the succes
Fixed assets, which are assets purchased for long-term use in the production of income, range from land and buildings to vehicles and computers. Those in charge of managing fixed assets know that thi
Though they are both occasionally referred to simply as “assets” on a company’s balance sheet but inventory and fixed assets are very different. They require different management systems in order to
Volunteer fire departments face employee and asset management issues far above and beyond those of small businesses. In fact, efficiently maintaining and tracking their assets truly is a matter of lif
Small businesses wanting to make a big impact with customers can utilize 2D barcodes. 2D barcodes can include more information in the code than their 1D counterpart, like price, quantity, web addres
Arguable the most powerful army in the world, spending $577 billion per year, stacked with superior airpower and a carrier fleet larger than other country’s entire navy, one would think the Unite
It’s not just about counting computers anymore Technology has changed dramatically in the past decade. Think back to 2005. Nobody had WiFi. Laptops were virtually unheard of. Only 45% of the popu
For years, volunteer fire departments have struggled with employee and asset management issues, not posing an issue for profit but simply challenging their continued existence. Here are some helpful
5,000 Ways 2D Barcodes are helping Amazon Washington based Amazon.com has announced a new shipping policy which will add 2D barcodes to all of its boxes. While this policy will not be put in place
Questions to ask so you can make the right choices Years of handwriting SKU numbers or getting buried in piles of spreadsheet printouts have finally gotten the best of you. Handling frustrated custom
We are over half way through 2015 and we hope it’s been a good one for your business. Here are some supply chain predictions for the rest of this year and for 2016 that could help you make next year e
How Mobile Technology Improves Operations for Manufacturers Mobility has been on the move since the first cordless phone call was placed in 1973. Employees from all industries across the globe depend
Think about this, a customer calls in to make an order from your company. Your customer service rep fumbles around due to old, outdated software that’s slow and not meant for a growing business. They
Knowing the real price of low inventory turnover is a critical piece of information for any business. Inventory levels predict sales and earnings. That’s why it’s important to correctly manage your
How do you feel about your company’s website? Like it? Love it? Hate it? Many small business owners are a bit disappointed with their websites. Too often, it’s because they have yet to see their sites
Stock is a supply of something for use or for sale. Making sure that your business has the right amount of stock is essential not only to meeting demand, but also to profitability. This process is cal
As it is with any type of business, staying up-to-date on current news, trends, and best practices in logistics and supply chain management is a crucial step to maintaining success. Fortunately, there