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The Positive Impact of Automation for Employees

The futuristic notion of robots in the workplace is no longer in the future. In fact, with more companies investing in automation, robots are...

Is Your Business Experiencing Inventory Risk?

When you have a warehouse full of inventory stock, there is a lot to keep track of to make sure everything gets stored, accounted...

Your Cashflow and Inventory Go Hand in Hand

Cashflow and inventory go hand in hand when it comes to managing your business. Inventory can either help a business with cashflow or be...

4 Business Reports to Steer Your Business in the R...

When a company is going from strength to strength, it can sometimes be difficult not to get caught up in the successful wave of...

5 Strategies to Improve Cashflow for Manufacturers...

Any business needs good cashflow to prosper because cashflow provides the funds necessary to pay bills, cover operating expenses, purchase inventory stock, pay employee...

How Inventory Control Can Benefit from Artificial ...

Effective inventory control centres on the fine balance of holding enough inventory to ensure the business operates effectively while avoiding the overstocking that ties...

4 Product Trends All Product Businesses Need to Ta...

If you own or work in a product business, you need to keep up to date with the latest trends in technology, manufacturing and...

Business Intelligence: The key to better decision ...

Decision making in any area of life or business is best done with all the pertinent facts on hand so that it can be...

5 Factors Affecting Lead Times for Manufacturers

Lead times refer to the time taken between the initiation of a manufacturing process and its completion. Types of lead times differ based on...

The Necessity of Tracking Average Order Value

Owners of small businesses don’t always see the need to track and record every piece of information when the business is just starting out....

Can AI Improve Your Inventory Management?

In our increasingly digital world, artificial intelligence (AI) is becoming part and parcel of our lives –and it is becoming particularly useful to business...

3 Top Tips for Choosing the Right Business Intelli...

Data is omnipresent — it’s everywhere we look and intertwined in everything we work with. The biggest obstacle that companies face is how to...

4 Causes of Inventory Discrepancy in Your Stocktak...

An inventory discrepancy happens when the actual on-hand inventory stock is different from the item quantity recorded in an inventory system. Discrepancies are not...

Average Order Value: What Is It and Why Is It Impo...

Average Order Value (AOV) is a metric that helps retailers understand their customers’ purchasing behaviours. An average order value tracks the average dollar amount...

The Ethical Implications of Outsourcing You Need t...

What is outsourcing? Outsourcing is the practice of hiring outside your business, or getting an individual to perform contracted work as opposed to paying...

5 Causes of Inventory Waste That’s Costing Y...

Inventory waste can cost your business valuable time and resources. Inventory ties up capital and if you’re not managing it effectively it will quickly...

4 Types of Purchase Orders Every Business Needs to...

Managing procurement is crucial for any successful business. If your business does not have consistent processes for managing procurement, you risk failing to account...

The Pros and Cons: International and Domestic Sour...

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to...

Three Alternatives to Tracking Inventory [2020 Upd...

Barcodes are perhaps the most straightforward method of tracking inventory; they are easy to implement and make it possible to track virtually every inventory...

Why a Bill of Materials is so important for manufa...

Any business looking to seamlessly carry their manufactured products through from concept to customer is going to need an effective and accurate manufacturing Bill...

3 Ways Accurate Costing Really Impacts Your Busine...

Regardless of the size of a business or where it chooses to operate, one necessity remains constant, and that’s the need for accurate costing.
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