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For many small businesses, the margin of error is small. Extraneous costs each month can be the difference between success and failure, which is why every small business owner should know about inventory turnover and how this commonly overlooked ratio can be efficiently managed to turn a loss into Read More

Most small business owners and managers have purchased equipment solely because of decreased cost. Unfortunately, what looked like a great deal may have cost more to maintain than the pricier alternative. This is why forward-thinking professionals use Life Cycle Costing (LCC) when evaluating items Read More

For small businesses, investment in time and attendance software often takes a backseat to improving customer retention or finding new customer acquisition methods. The time and attendance systems already in place at small businesses can lead to inertia — an unwillingness to switch to a more effici Read More

Everybody applauds musical performers, but few people appreciate some of the true heroes of live concert tours. These are the logistics and inventory managers who make sure that everything from musical equipment to souvenir T-shirts shows up on time and doesn’t get lost to inventory shrinkage. Read More

With the New Year now well under way, here are some supply chain predictions that could help make 2015 even better. Read More

Almost every business carries inventory, regardless of the organization’s size. Inventory includes raw materials, work-in-progress, and finished goods. No matter which category a business’ current stock falls within, those items need to be counted and tracked. Accuracy determines whether a company Read More

2014 ended with a bang: the stock market finished with near record highs, unemployment rates fell to 5.8% (almost a full point below predictions), and economic growth reached an 11-year high during the third quarter. As a result, small business leaders are more confident in the economy and have hi Read More

Most entrepreneurs start a new business with dreams of success, but the unfortunate fact is, too many of them fail. The U.S. Census Bureau showed the reality in hard terms – 400,000 small businesses opened and 470,000 SMBs closed their doors just last year. Read More

From healthcare to education, the uses of barcodes are far-reaching and, as a result, so are the benefits of the software used to create and scan these barcodes. Aren’t using barcode software yet? Here are five key benefits of barcode software that might just make you change your mind. Read More

he New Year is a challenging time for all small businesses as we reflect back on the previous year and plan for the future. At Wasp Barcode, we continue to hear from our small business partners that industry-wide metrics, specific to small and medium sized business, are difficult to find and are n Read More