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64 percent of small business owners, who took part in a recent study conducted by a University of Cincinnati criminal justice doctoral student, said they have experienced employee theft . However, although more than half of owners indicated they’d experienced employee theft, only 16 percent reporte Read More

Whether you’ve built the latest, high-tech, data-driven warehouse fulfillment center or just set-up a few plastic totes in your garage, accurately delivering a customer’s purchase is crucial. Being right 99% of the time seems like a pretty solid percentage—until you calculate what that 1% actually Read More

There’s nothing worse for a business than customers experiencing bad customer service. While solid asset tracking is its own reward, it can also leave your customers with a positive impression of your business. Solid asset tracking ensures you always know where your assets are, can identify any los Read More

In most industries, operational effectiveness depends on a major investment in fixed assets such as vehicles, specialty tools and machinery, custom equipment, and other mechanical devices. Shown on the balance sheets as fixed assets, these items can represent a large portion of a company’s value.
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How many barcodes to you see on a daily basis and completely tune out? Scanning my desk as I write this article I conservatively estimate that there are 50+ barcodes & a dozen or more QR codes lying around. I am not just referencing the tissues, the pack of gum, or the name badge from a conferenc Read More

Technology continues to revolutionize the way companies do business. Nowhere is this seen more than in the devices used by employees to complete their work. Gone are the days of completing work tasks using only the computer provided by an employer. Instead, 70% of users carry three or more devices; Read More

An Alabama technical school lost thousands of dollars worth of industrial training equipment. Officials admitted they weren’t sure exactly how much had been stolen… Four teachers at a Texas school were accused of stealing more than $16,000 worth of school property, including mp3 players, DVD player Read More

As a small business owner, it’s imperative to have a complete understanding of your business’ financial inner workings. Part of that includes having extensive knowledge of your inventory and how to manage it properly. In this article we define the term “inventory reserve” and explain what you need Read More

“The Profit” starring Marcus Lemonis continues to provide compelling, real-world, business lessons week after week. Last week, Lemonis traveled to California to save a struggling wine store and bar called Amazing Grapes. A number of serious issues resulted in the business losing money. Read More

For most small companies, managing inventory is a challenge. Often, conducting inventory counts & maintaining appropriate stocking levels are tasks receiving limited attention. Fortunately, there are cost-effective inventory control solutions available for the smallest & largest of companies. Read More