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As the end of 2014 approaches, your small business is likely focused on a number of different objectives, including holiday sales and closing out your books for the calendar year. Inventory impacts many of these year-end objectives, and as you prepare for 2015, consider these three tips to ready yo Read More

In CNBC’s The Profit, Marcus Lemonis invests his time and money to turn around struggling businesses. The reasons for each business’ lack of success cover a range of bad business practices. However, the show’s second season (particularly episodes in the second half) pointed to bad inventory practic Read More

Recovery has been long and arduous; however, organizations with disaster recovery plans have had a significant head start. Advance preparation has allowed those businesses to get back on their feet quickly—filing insurance claims and beginning the replacement of lost assets. Read More

For many retailers, Black Friday is a hectic mess of organizing, planning, and logistics. Whether a store’s Black Friday sales are successful is highly dependent on preparing prior to the rush — and each year there is more to accomplish before doors open. In 2012, Black Friday shopping hit a recor Read More

Most companies have a better chance to profit and satisfy customers when inventory managers develop an effective and efficient inventory management strategy. The right strategy ensures access to the right products, and it also helps control costs associated with buying and storing goods. Understand Read More

Considering going back to school? According to Bloomberg Businessweek, supply-chain management is one of the hottest tickets in B-school. The importance of a properly managed supply chain shouldn’t come as a shock. Read More

IBM reports that 54% of Chief Supply Chain Officers will be optimizing their inventory management to help control and reduce costs. To accomplish this, they’ll demand increased visibility and more robust business intelligence derived from all aspects of the supply chain. Read More

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

This isn’t the first time we’ve shared stories of inventory tracking nightmares—instances when improper inventory tracking led to scary situations—and it likely won’t be the last. Although a solid inventory tracking system is important, many businesses don’t have an accurate and efficient tool to k Read More

These shows can provide a great reference for small business owners. If you watch enough, chances are you’ll see obstacles you and your business have encountered or are currently facing. Want to learn a little bit more about business with no risk involved? Here are four shows small business owners Read More