Interview with an Expert:
Advice to Grow Your Business Part 2

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In the second installment of Wasp’s interview with Gene Marks, best-selling author and columnist for the New York Times, we continue with the last two trends small businesses should consider as they work to grow in 2015.   Small business leaders’ expectations are high for the new year, and, although … [Read more...]

Interview with an Expert:
Advice to Grow Your Business Part 1

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The economy is in growth mode, hiring is on the rise, and consumer spending is up — it seems small business owners have a lot to look forward to in 2015.  “Most of the business owners that I talk to ... they're looking for 2015 to be a good year,” says Gene Marks, best-selling author and columnist … [Read more...]

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...]