Tag: business management

6 Effective Tips For Multi-Warehouse Inventory Management

Effective inventory management for your growing business is crucial. As your company transitions from a single-warehouse to a multi-warehouse model, you can encounter problems with inventory accuracy. Small problems that are easy to solve before your business growth, have now become big problems. When you have more than one warehouse, you need a multi-warehouse inventory management solution. With that in mind, we have 6 tips for you to consider.

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What’s Your Definition of Success?

Success. That word represents happiness, prosperity, and ultimately the accomplishment of dreams. However, success is mostly dependent on the parameters within which we as individuals place it. Professional success takes on a slightly different meaning depending on the individual who does the defining.

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What to Do with Low Priority Items

Every good manager or business owner has a to-do list that keeps them on the straight and narrow. However, issues can easily arise if you’re not simplifying your list wherever possible. For example, if you find yourself spending most of your time replying to customer inquiries, it might be time to pass on this task to a qualified individual. Doing so will help you knock out your to-do list, while at the same time assist you in keeping up with important information.

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Setting Goals for Success

Whether you’re an established entrepreneur or just starting your first business, setting SMART goals can help define your business priorities with clear objectives that put you on the path to success. SMART goals are defined as: Specific, Measurable, Achievable, Relevant, and Time-based. Each criteria plays an integral part in creating goals for your company.

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How Outdated Technology Can Hurt Your Business

Some business owners don’t believe there is a return when investing in technology. But the truth of the matter is that if you don’t keep up with newer technology, you could be sacrificing the success of your business for reduced productivity and slim profits.

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Do You Need to Be in the Cloud?

The “cloud” term gets tossed around quite a bit, and many individuals are already using cloud services to store their photos, music files, and ebooks. Businesses can also take advantage of cloud services, whether it’s a software-as-a-service (SaaS) or technical services that would otherwise be too expensive to manage on-premise. However, it’s important to understand how using cloud services will impact your business.

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