Inventory Tracking to Manage Black Friday Madness

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This year top retailers such as Target, Walmart, and Kmart are opening on Thanksgiving Day to give shoppers even more time to start working on their holiday shopping lists. The holiday season, and Black Friday in particular, is the ideal time for businesses to move inventory and increase revenues. … [Read more...]

J.C. Penney: Write-Downs & Write-Offs

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With the holiday season fast approaching (Black Friday is mere hours away), successful retailers will be in control of their inventory.  They know what will sell and how much they need to stock.  They also know the holiday season is a perfect time to get rid of slow or non-selling inventory through … [Read more...]

3 Holiday Inventory Management Tips for Small Businesses

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“The holiday season can represent as much as 20–40% of annual sales” for some retailers, says the National Retail Federation. When items are quickly going in and out of stock and returns are being made in larger volumes than usual, small businesses that don’t have an automated way to keep up with … [Read more...]

Government Shutdown: Impact on Inventory Management

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October’s government shutdown cost U.S. taxpayers $24 billion.  Although a deal was made to end the shutdown, that deal ends January 15, 2014.  As a small business owner, not only do you need to recover from both the short and long-term impacts of the shutdown, you will also need to prepare for the … [Read more...]

Missing and Dangerous: Poor Asset Management and Deadly Risks

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Asset management becomes a gripping topic when expensive, vital or potentially dangerous items vanish from an organization’s inventory. The more dramatic losses present a clear threat to public safety, as when 2,000 encrypted two-way radios, disappeared from the inventory of the US Marshals Service … [Read more...]

4 Unexpected Tech Tools to Help Survive a Zombie Apocalypse

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Halloween may be over but the threat of a zombie apocalypse transcends far past the spooky holiday. In fact, over the last year, the idea of a zombie outbreak has infiltrated books, movies, and television shows. For those unfamiliar, a zombie apocalypse refers to the breakdown of society as a result … [Read more...]

6 Inventory Tracking Challenges That Can Be Avoided

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As we detailed in our previous article, Tracking Nightmares, inventory shrinkage is a huge problem in North America effectively robbing retailers of billions each year. It’s bad enough when inventory disappears because of theft by customers, employees or suppliers, but it’s especially frustrating … [Read more...]

4 Steps to Healthy Inventory

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Inventory health is a good indicator of a company’s financial well-being. Unbalanced inventories lead to company chaos in the form of far too much inventory, or not enough inventory to restack shelves – both of which can be devastating to a companies incoming revenue. Monitoring with inventory … [Read more...]

October 2013 SMB News Recap

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Read our monthly review of business news stories for the small to mid-size market. October headlines from around the web brought to you by the Wasp Buzz. ‘Bar Rescue’ Host Jon Taffer On The Top 5 Mistakes Small Businesses Make Business Insider At one point, former business owner, Jon Taffer, … [Read more...]