BizSugar.com › User › inventoryninja › Published

The heart of any small business is its warehouse. Products and data flow through it day and night. Profitability and overall customer satisfaction depend on the efficiency of inventory tracking within its four walls. Read More

Purchasing a time and attendance system may not be the first thing small business owners think of when considering ways to achieve their expected revenue growth. Improving customer service and investing in new customer acquisition methods are cited far more often, but failing to do so is taking a Read More

Small business owners may think that accounting for inventory ends upon its purchase. The real cost of carrying inventory involves much more. Considering the fine line that half of all small businesses walk between success and failure within their first 5 years, understanding the real cost is cruci Read More

A few years ago, a small store operating out of the owner’s home would only dream of selling their unique wares to people around the globe. Fast forward to today where operating a small business with international capabilities on websites like Etsy, Amazon and eBay is not only a possibility but is Read More

Inventory is the materials, work-in-progress goods and final product that businesses sell in order to generate revenue. Without inventory going out, there is no money coming in.

Even more important than just having or not having inventory, is keeping track of inventory. That is the key to runni Read More

Picture yourself purchasing a can of Coke at the store. The store clerk picks it up to scan it at the register, but it lacks a scanable barcode. Instead, the clerk moves the can in front of a scanner with image recognition technology. The system recognizes the red and white label as a can of tradit Read More

Even the top colleges and universities around the world find it hard to keep track of inventory. According to a 2013 report, Virginia State University has as claimed around $8 million worth of taxpayer-funded inventory was lost, missing, or stolen. Even on a smaller scale, just the Miller Learning Read More

The U.S. Army has to keep track of a lot of assets. There are big ticket items like planes and missiles, firearms, basic IT equipment and computers. It isn’t always easy. In 2014, it was reported that, the Department of Defense’s Inspector General’s audit for 2013, said that the 401st Army Field Su Read More

For many small businesses, growing revenue and increasing profit is a constant objective and often a worry. Growing revenue is the top business challenge for companies with 11-50 and 51-100 employees (and the number two challenge for companies with over 100 employees). Read More

When a business grows, a lot of small business owners feel pressured to keep their focus on the day-to-day challenges of the business. That means seemingly mundane tasks, like inventory management, gets pushed aside. Read More