Tracking inventory can be tedious work, but it’s vital to running a business. Inventory management systems are designed to handle most of the administrative work, making it easy to put an important part of your business on autopilot.So what exactly is an inventory management system?It’s a software application that automatically updates your inventory...
It's impossible to overstate how important the holidays are to retailers. The average American shells out more than $1,000 on holiday gifts and other expenditures during the holiday season, causing a surge in orders and therefore a profitable holiday for businesses. Some rely on the season entirely to get into the black on...
As a business owner, you’re tempted to say “yes” to every customer who wants to buy from you. Why would you turn down money? But the reality is that, for some companies, not all sales are good for your business.
Especially in the retail world, businesses have to make careful decisions about how much product they sell to customers. That’s because…
Every business owner wishes they could look into a crystal ball and see their future. Will that new product under development be a roaring success? Is an industry about to have an explosion of growth, taking your sales into the stratosphere with it? Is a major economic shock coming that will have ripple...