Oct 7, 2017 | Business Tips
ShareTweetShare In a competitive market, cutting costs is a smart way to stay one step ahead of everyone else. So what costs should you cut? Well, you could hire a 3PL provider to reduce overhead costs, or replace Excel inventory management with a more efficient...
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 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 17, 2017 | Business Tips
ShareTweetShare Working Capital is an important financial metric for understanding your company’s operating liquidity (the ability to convert your assets into cash for the purpose of paying the bills). Knowing your amount of working capital can also guide your...
