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Mid-sized businesses know they have to carefully allocate resources to make sure their business can turn a profit and yet many aren’t sure if investing in inventory management software is the best way to use their capital. According to the State of Small Business Report, 46% of SMB’s with 11-500 em Read More

QR codes have become an effective tool for advertisers and companies because of the smartphone. Customers are able to connect directly with a company’s message or be taken directly to a website by simply scanning the code. Additionally, the simple barcode can be scanned into a variety of smartph Read More

In the second installment of Wasp’s interview with Gene Marks, best-selling author and columnist for the New York Times, we continue with the last two trends small businesses should consider as they work to grow in 2015. Small business leaders’ expectations are high for the new year, and, althoug Read More

The economy is in growth mode, hiring is on the rise, and consumer spending is up — it seems small business owners have a lot to look forward to in 2015. “Most of the business owners that I talk to … they’re looking for 2015 to be a good year,” says Gene Marks, best-selling author and columnist fo Read More

When was the last time you thought about a barcode? It was probably while in line at the grocery store when there was a problem with one of your item’s barcode and you had to wait while the clerk called for a price check. Read More

It’s 2AM and your eyes pop open, your heart is pounding, and you have sweaty palms. It was another nightmare, the same one you’ve been having for weeks, an order comes in and you just don’t know where the item is or if you even have it in stock. Read More

$3.9 trillion dollars. That’s how much money the federal government is projected to spend in 2015; with $70 to $80 billion of those dollars allocated for IT and cybersecurity. A new report published by the International Association of Information Technology Asset Managers (IAITAM) looked at feder Read More

Poor inventory management is one of the primary reasons small businesses fail. According to the State of Small Business Report, 46% of SMB’s with 11-500 employees don’t currently track inventory or use a manual inventory process such as tracking in Excel. Read More

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