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7 Important Facts about 2D Barcodes

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When was the last time you thought about a barcode? It was probably while in line at the grocery store when there was a problem with one of your item’s barcode and you had to wait while the clerk called for a price check. But barcodes and barcode technology have been an incredibly important … [Read more...]

Asset Management Software Leads to Efficient Government Spending

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$3.9 trillion dollars.  That’s how much money the federal government is projected to spend in 2015; with $70 to $80 billion of those dollars allocated for IT and cybersecurity.  A new report published by the International Association of Information Technology Asset Managers (IAITAM) looked at … [Read more...]

Proper Inventory Management Drives Economic Growth

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Poor inventory management is one of the primary reasons small businesses fail. According to the State of Small Business Report, 46% of SMB’s with 11-500 employees don’t currently track inventory or use a manual inventory process such as tracking in Excel. This may be hard to believe, but ensuring … [Read more...]

What is Inventory Turnover Ratio? Everything you need to know!

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For many small businesses, the margin of error is small. Extraneous costs each month can be the difference between success and failure, which is why every small business owner should know about inventory turnover and how this commonly overlooked ratio can be efficiently managed to turn a loss into a … [Read more...]

Good Data Helps Minimize Life Cycle Costs

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Most small business owners and managers have purchased equipment solely because of decreased cost.  Unfortunately, what looked like a great deal may have cost more to maintain than the pricier alternative. This is why forward-thinking professionals use Life Cycle Costing (LCC) when evaluating items … [Read more...]

5 Ways a Time and Attendance System will Save You Money

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For small businesses, investment in time and attendance software often takes a backseat to improving customer retention or finding new customer acquisition methods. The time and attendance systems already in place at small businesses can lead to inertia -- an unwillingness to switch to a more … [Read more...]

Rock and Roll Heroes: Managing the Logistics of Live Concert Tours

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Everybody applauds musical performers, but few people appreciate some of the true heroes of live concert tours. These are the logistics and inventory managers who make sure that everything from musical equipment to souvenir T-shirts shows up on time and doesn't get lost to inventory shrinkage. These … [Read more...]

7 Supply Chain Predictions For 2015

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With the New Year now well under way, here are some supply chain predictions that could help make 2015 even better. Globalization The supply chain world is already a global one. Since markets are so interconnected all across the globe, parts come from different places in the world. It is crucial … [Read more...]

Inventory Management 101

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Almost every business carries inventory, regardless of the organization’s size. Inventory includes raw materials, work-in-progress, and finished goods. No matter which category a business’ current stock falls within, those items need to be counted and tracked. Accuracy determines whether a company … [Read more...]

Small Business in 2015: Eight Stats You’ll Want to Share

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Before we went about creating our 2015 State of Small Business Report, we scoured the Internet for concrete numbers that would help us compare our company’s growth and direction to other small businesses – but all we could find were theories. For that reason, we developed a study to collect data … [Read more...]