Jul 29, 2017 | Business Tips
ShareTweetShare What would happen if there was a sudden spike in market demand for your products? Would you have enough inventory to satisfy your customers? Or would you have to hang up the dreaded “out of stock” sign? If you’re unsure, then you probably need to...
Jul 22, 2017 | Business Tips
ShareTweetShare Every physical goods business has to make a choice between periodic vs perpetual inventory. Unfortunately, it’s hardly an easy choice to make. On the one hand, you have the manual, inexpensive, tried-and-true periodic inventory tracking system that has...
Jul 15, 2017 | Business Tips
ShareTweetShare Do you ever wish you could try out a new product in your retail store and not have to buy it unless you sell it? Or, wouldn’t it be nice to easily get your new product onto a retailer’s shelves without much hassle or haggling? There is a unique...
Jul 8, 2017 | Business Tips
ShareTweetShare Just-in-time (JIT) inventory was developed in post-world war II Japan when the country had few resources, little money, and high unemployment. It helped Toyota become one of the dominant car manufacturers in the world by making every step of the...
Jul 1, 2017 | Business Tips
ShareTweetShare Your rate of inventory turnover is a key metric to understand if you want to optimize your cash flow, working capital, and inventory costs. By calculating your rate of inventory turnover, you’ll have a better grasp on the market demand for your...
Jun 24, 2017 | Business Tips
ShareTweetShare Social media is like the cocktail party of ecommerce: ultimately, your job is to be the most entertaining and interesting host possible. Your friends and fans will enjoy hanging out and engaging in conversation with you if you’re fun to talk to....
