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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

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

As a small business owner, I get it. Every dollar we spend has to be calculated. We don’t have a lot of cash to spend so we learn to be as frugal and self-reliant as possible. With that said, I have learned that there is a big difference between being cheap and frugal, a difference that leads to su Read More

When the medical practitioners of North and South Carolina need laboratory diagnostics, they often turn to the blood and urine analysis services of Select Labs. Despite the advanced technology Select Labs used to ensure the accuracy of its analysis, it struggled with its monthly payroll services. W Read More

U.S. technology giants have constructed international offices in Dublin in order to take advantage of favorable tax policies that are now changing. But Ireland might have enough other draws to keep them there even when costs climb. Read More