Small businesses collectively play a crucial role in a healthy economy. They cultivate growth and innovation in their surrounding communities and stimulate the economy by creating more jobs. However, the current crisis has many small businesses sitting in the wakes of uncertainty from the COVID-19 pandemic. We are here to help other small businesses demonstrate…continue reading
What should be included in an inventory information system?
As you explore the possibilities and benefits of inventory management, you may be wondering, “What should be included in an inventory information system?” Good question. An inventory information system is the combination of inventory management software and inventory management processes & procedures to connect, track and manage the flow of goods, activities, information and resources across a business. So, an…continue reading
10 Steps to Better Purchasing Management
Determine how & where spending has occurred by vendor or vendor type to gain a better understanding where savings opportunities exist. Use the information to aggregate spend across the organization, leveraging volume for improved pricing & increased efficiencies. Know your vendors & optimize supplier relationships. Develop vendor expectations & selection criteria based on historical vendor performance…continue reading
