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As the economy becomes an increasingly complex and global system, supply chains have expanded from mostly internal functions under the supervision of each individual company to a multifaceted collaboration between distributors, suppliers and partners, all working together with a variety of new tech Read More

Inventory and fixed assets are very different and require different management systems in order to keep a business organized and running smoothly. There are different types of inventory and asset management software. Each individual company has to decide if an inventory or fixed assets system is t Read More

Inventory shrinkage is one of the biggest challenges faced by retail businesses. The loss of your goods means the loss of your company’s money and damage to your bottom line.

Much of this can be avoided; unfortunately, many companies fail to invest in affordable and effective inventory managemen Read More

When a business buys a fixed asset, a long-term asset used in the production of inventory, which is then sold for a profit, it commits to keeping the asset on their books and in their tax returns for years to come. The cost of the asset must be allocated over the course of its useful life, since it Read More

With barcodes used predominantly on everything around us today, from the products in your household to the tickets to an event you may be attending this weekend, barcodes have become a part of everyday life. Read More

Do you know the real price of low inventory turnover? If not, you should.
Inventory levels predict sales and earnings, which is a critical consideration for companies and their investors. Read More

Fraud takes on many forms as it silently creeps through the global supply chain in search of its next victim. Sometimes it starts with a supplier who falsifies labor expenses and exaggerates bills. Other times it’s an employee who pumps up his expense account or a contractor who promises kickbacks Read More

Nearly everyone everywhere has seen a barcode today. Barcode’s have revolutionized the way we package and transport merchandise. A barcode, by Investopedia.com’s definition, is a graphical representation of a product’s identifying information formed by two-dimensional pattern of black and white str Read More

Every year, more than 40 million people visit Las Vegas. Year-round hotel occupancy averages over 85 percent, and statewide gaming revenues exceeded $11 billion in 2014, according to the Gaming Control Board. With such a tremendous influx of tourists, how does the City of Lights keep everything pow Read More

Barcodes are everywhere: products, loyalty cards, packaging labels, library books, you name it. With one scan of these striped bars, light energy is converted to electrical energy, which is converted to powerful data that can give you everything from inventory management to consumer awareness. Read More