One thing that’s absolutely certain when it comes to running a retail operation is that customers hate waiting in long lines. This is especially true during the Coronavirus social distancing guidelines, when people prefer not to stand too closely to one another. The checkout process should be short, simple, and efficient. If your customers have […]
Inventory
5 Essential Tips for Effective Logistics Management
Management of logistics is an important process because if one thing goes wrong, it could lead to heavy losses. As such, firms should invest in proper management methods of their supply chains to ensure that operations run smoothly. Here are some essential tips for effective logistics management. Automation Use of manual processes is not only […]
3 Keys to Safe, Efficient Materials Storage and Inventory Management
Improper storage of materials had deadly consequences for one worker when an explosion rocked a construction site off U.S. 280 in Harpersville, Alabama. Christopher Anderson of Mississippi was killed when he opened a storage container containing flammable materials while installing natural gas lines. Four other workers were injured, passing vehicles and a nearby road were […]
5 Tips for Improving Online Materials Management
You use an online portal for your brand material ordering to simplify and unify. But how can you ensure your portal is really helping you save time and money while at the same time, keeping an eye out for brand consistency? Here are some tips: Lock in your brand specifications. Set your online portal up […]
Centralized Inventory Management is Doable!
Recently, I ordered a combination stroller and car seat from a major retailer. This retailer has storefronts, of course, but also a website from which items can be ordered. I chose to order through the website and have the item shipped directly to the recipient of my gift. Several days later, I received a call […]
Inventory Management from Square One to Now
We’ve come a long long way. And I’m not talking about the evolution of technology over the last century, I’m talking about the last decade. The tech solutions that are sitting at our fingertips are nothing short of a modern marvel. From trading in your order sheets for mobile ordering platforms to automating your payroll, tech is letting […]
Key Techniques to Prevent Inventory Loss and Shrinkage: Part 2
In Part 1 of our series, we discussed the first three of seven ways to protect your inventory from theft. In this second part, we look at four more techniques that you can implement in your physical store or warehouse, in order to cut down on inventory loss caused by theft or shrinkage. 4. Implement […]
Key Techniques to Prevent Inventory Loss and Shrinkage: Part 1
Retail shrinkage can occur at any time following the delivery of goods and prior to those goods being sold. Some of the most common causes of loss include shoplifting, employee theft, and fraud by employees, suppliers, and credit card thieves. Whether you own a small shop, a warehouse that holds stock for clients, or a […]
6 Reasons You Might Want to Get a Business Loan
The mythical American should be able to start a business purely through a combination of working hard, having the right attitude, and pulling up their bootstraps. Chances are, however, real-world business owners are going to need outside help at some point. One such way to get help (without giving up control of your business to […]
Don’t Make These 5 Common Inventory Mistakes
Believe it or not, inventory management is one of the most important things in the creation of your product. It is the movement of the inventory from raw materials to finished goods and from items to products that creates the flow of money. But, what if you weren’t managing your inventories well? Here are the […]
