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Do you know the real price of low inventory turnover? If not, you should.
Inventory levels predict sales and earnings, which is a critical consideration for companies and their investors. Read More

In the search for increased revenue, and thus, viability, businesses often look outward, rather than inward. According to a small business survey, a mere 20% of small businesses will invest in tools to improve employee productivity this year; support for this strategy lags behind others such as exp Read More

Fraud takes on many forms as it silently creeps through the global supply chain in search of its next victim. Sometimes it starts with a supplier who falsifies labor expenses and exaggerates bills. Other times it’s an employee who pumps up his expense account or a contractor who promises kickbacks Read More

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

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

Every year, more than 40 million people visit Las Vegas. Year-round hotel occupancy averages over 85 percent, and statewide gaming revenues exceeded $11 billion in 2014, according to the Gaming Control Board. With such a tremendous influx of tourists, how does the City of Lights keep everything pow 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

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

Barcodes are everywhere: products, loyalty cards, packaging labels, library books, you name it. With one scan of these striped bars, light energy is converted to electrical energy, which is converted to powerful data that can give you everything from inventory management to consumer awareness. 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