Companies are aware that they need proper storage facilities for the inventory while it is not being used. However, not all of them are implementing the measures they should take to ensure their assets are stored efficiently. If you don’t figure out a way to store smartly, then there’s a chance that you might end up wasting time in locating, maintaining, and replacing the assets when you need them.
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Keep
Inventory
Statistics
Simple
Okay, I may have taken some liberties there, but you get the point. Clear and concise is best, for both the recipients’ sake and yours. Don’t get lost in the details. Your position may require you to know a large amount of data, but that doesn’t mean everyone else needs to know it. In fact, if everyone else knew all of the information you do, why would they need you? Instead, boil down what you know – and what they need to know – to the few things that truly make an impact on improving your business.
Inventory management is one of the most challenging aspects of running a retail business. As companies grow, their needs expand and their product line increases. This follows a corresponding increase in suppliers, warehouse workers, and storage space.
At the same time, unpredictable outside forces like economic fluctuations and changing trends are constantly impacting customer behaviors. This is why studying consumer needs keeps becoming more complex. Continue reading
They’re people.
In Frank Capra’s famous 1946 Christmas movie It’s A Wonderful Life, George Bailey (played by Jimmy Stewart) finds himself pitted against the stubborn, stingy, and wealthy Mr. Potter. After George’s father dies, leaving him in charge of the Bailey Savings & Loan bank, Mr. Potter greedily offers to purchase the bank and assume control of its assets, all to squeeze more money out of the poor community of Bedford Falls. Continue reading
Office managers far and wide are expected to keep the office running as smoothly as possible at all times. Having team members with different personalities, various pieces of software and office equipment, and thousands of other distractions throughout the day, it’s often tricky to successfully manage an office and keep it running efficiently on all cylinders.
Today’s technology definitely helps with certain aspects of the office management process. Using a free Excel time card calculator definitely helps with payroll and QuickBooks and its equivalent is certainly valuable for accounting. But there’s more to running an office besides having the latest and greatest versions of an effective software.
With that in mind, we’d like to share some essential steps we feel need to be taken in order to manage an office effectively. If you’re willing to take those steps, you should have no trouble creating a work environment similar to a ship sailing on calm waters. These will help you become an effective office manager: Continue reading
When any new technology hits the shelves, individuals and industries are wary. Will this new technology stand up to the hype? Will it be too expensive to implement, or too hard to teach technicians how to use?
All of these fears have brought about some myths that stand in the way of many companies improving their efficiency and lowering costs through RFID adoption. Let’s bust some of those myths:
Technology has much improved, making tags smaller and faster to make than ever. You can expect to make an initial investment for hardware, but after that your investment per chip is pennies. Each tag can cost as little as 10 cents for chip+antenna tags. If you want to add a battery in order for the tag to send out its own signal, the price goes up. For most projects you can use the simple tag that reflects a transmitted signal from your main device. Continue reading
Is managing your inventory a constant headache? If your inventory management practices aren’t as efficient as they could be, it’s more than just an ongoing hassle; it could be taking up a significant chunk of your operating budget. Get some relief from the weight of inventory management bloat by implementing these tactics to boost efficiency and reduce costs. Continue reading
Mobile apps have changed the game for project, asset, and time management. The smartphones we carry are more powerful than all the computers used in the moon missions of the 1970s. Impressive computational power aside, the real party trick of the smartphone is its ability to instantly connect data with the internet. The same technology we use to share cat pictures with our friends also allows us to track resources in real-time from anywhere. Continue reading
What is it that one thing that could make frustrated customers happy? Is it offering them quick resolutions to their problems or a helping hand that makes all the difference in the world of client servicing? In 2012, 33% of consumers preferred to switch to another brand or company on the basis of rude and unresponsive customer service representative. No matter what it is but the end goal for businesses continues to be the same i.e. achieving customer satisfaction and retention. After all, satisfied customers are the primary focus of every business, irrespective of its size and industry vertical. Continue reading