Change may be hard, but more often than not, it’s for the best. Without change, we reach a point of stagnation, complacency – and when we become comfortable in a place such as that, the likelihood of mistakes increase. Complacency leads to a false sense of security, which sometimes works out fine, but other times…continue reading
7 Essentials in an Inventory System for Small Business
From robust inventory control to web store & EDI capabilities, an inventory system for small business should have 7 essential features to help manage daily operations, control inventory, serve customers, and make better decisions. A business is considered “small” when they employ fewer than 500 employees. But don’t let the label fool you, according to…continue reading
5 common inventory challenges
Managing inventory can be difficult for many small businesses. However, small business inventory can be effectively controlled. Here at Alterity, Inc., we work with many small businesses to help them overcome their inventory challenges. Small businesses often do not have the necessary resources or manpower to fully allocate to inventory control. This can make managing…continue reading
5 inventory tools to help with inventory control and management
With the right inventory tools, small and mid-sized businesses can effectively manage their inventory Inventory management continues to play a critical role in the success of an organization. However, because of the domino effect businesses have on the overall economy, recently “unsold inventory created a big drag on the economy”. According to NRF Chief Executive…continue reading
How to manage inventory effectively: 5 components of successful inventory management
As a small business, you may feel you don’t have the right resources or enough time to manage inventory. However, with these five practices, you can ensure efficient inventory management for your business. My accounting knowledge has been a great complement for my role in implementation of inventory management software. Because I took managerial accounting…continue reading