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With the holiday season fast approaching, successful retailers will be in control of their inventory. The holiday season is a perfect time to get rid of slow or non-selling inventory through the process of write-downs. J.C. Penney used this strategy to bring customers into their stores. Read More

“The holiday season can represent as much as 20–40% of annual sales” for some retailers, says the National Retail Federation. When items are quickly going in and out of stock and returns are being made in larger volumes than usual, small businesses that don’t have an automated way to keep up with t Read More

October’s government shutdown cost U.S. taxpayers $24 billion. Although a deal was made to end the shutdown, that deal ends January 15, 2014. As a small business owner, not only do you need to recover from both the short and long-term impacts of the shutdown, you will also need to prepare for the Read More

Halloween may be over but the threat of a zombie apocalypse transcends far past the spooky holiday. In fact, over the last year, the idea of a zombie outbreak has infiltrated books, movies, and television shows. For those unfamiliar, a zombie apocalypse refers to the breakdown of society as a resul Read More

As we detailed in our previous article, Tracking Nightmares, inventory shrinkage is a huge problem in North America effectively robbing retailers of billions each year. It’s bad enough when inventory disappears because of theft by customers, employees or suppliers, but it’s especially frustrating w Read More

Inventory health is a good indicator of a company’s financial well-being. Unbalanced inventories lead to company chaos in the form of far too much inventory, or not enough inventory to restack shelves – both of which can be devastating to a companies incoming revenue. Monitoring inventory is a proa Read More

At one point, former business owner, Jon Taffer, owned 17 restaurants. He has also consulted on 800 businesses and is the author of the new business book, “Raise the Bar.” In an interview with Business Insider, Jon Taffer shares his thoughts and expertise on the most common mistakes that small busi Read More

It’s not too early to prepare for the holiday season. Right now, your competitors are ordering holiday inventory, and the best items usually go to the earliest buyers. There are a number of steps you can take now to make your holiday season more successful. Read More

In 2011, the lodging industry generated $21.6 billion in pretax income. Hotels are constantly working to offer the best customer experience and services. In order for hotels to achieve glowing, customer satisfaction reviews and to encourage new and returning visitors to stay, they need proper syste Read More

When you are unaware of the exact location and status of your fixed assets it is much easier for them to become lost or stolen. The results can be time lost in locating them, lost productivity, and the wasted cost of replacing missing assets. Examples of fixed assets include computers, iPads, cell Read More