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From inventory management to consumer awareness, there are many ways to use barcode scanning technology; additionally, there are convenient barcode scanner apps available for a variety of mobile platforms. Read More

Anyone who tuned in to the first season of “The Profit” on CNBC should be aware of Marcus Lemonis’ 3 P’s philosophy. The core of his ideology centers on the fact that business success hinges upon the effective management of People, Process, and Product. On February 25th, “The Profit” returned for Read More

Depreciation is a topic many people find confusing, but the basic concept of depreciation is not particularly complicated. In fact, depreciation is simply a method of allocating the cost of a tangible asset over the expected useful life of the asset. As a simple example, a machine that cost $1,000 Read More

Knowing consumers’ holiday purchasing habits could have prevented UPS’s inability to deliver packages on time for Christmas. Recognizing on-line sales continue to increase, especially when retailers frequently offer the best deals right before Christmas, UPS should have taken their own advice and i Read More

The 2014 Winter Olympics, hosted in Sochi, Russia, will involve fifteen events over the course of 17 days. Hosting the 22nd Winter Olympics is no simple task: throughout this time there will be a tremendous volume of construction, utility routing, infrastructure maintenance, and asset management ch Read More

Lean inventory management is a philosophy derived from the Toyota Production System of the 1940s. The car manufacturer developed the system to eliminate waste and inefficiency in their manufacturing environment. Due to both its successful implementation and positive financial impact, this methodo Read More

Is Excel truly meeting your inventory management needs? Small businesses, with a small staff and a small amount of inventory, may successfully use Excel. However, as a business grows, the limitations of Excel become very real obstacles. Moving to a more efficient, cost effective inventory mana Read More

Yeah, not bad for a City College boy. I bought my way in, now all these Ivy league schmucks are sucking my kneecaps. – Gordon Gekko, Wall Street

I have been hearing rumors about Harvard’s grade inflation for many years but now it’s confirmed. Read More

Patient rights are protected by the privacy and security rules of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). These rules hold the healthcare industry accountable during the collection, viewing, and dissemination of patient information. In the past, security of paper Read More

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