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 becoming commonplace in factories and warehouse-centric industries every day. Having robots present in a workplace can bring a ream of benefits to business operations and the employees involved in the day-to- ... Read More
January 23, 2020 business growth4 Product Trends All Product Businesses Need to Take Note of in 2020
If you own or work in a product business, you need to keep up to date with the latest trends in technology, manufacturing and other areas that will affect your business. Here’s a round-up of the trends we’re predicting will bring you a significant competitive advantage if you seize the opportunity in 2020. 1. Small […] ... Read More
January 15, 2020 B2B, business growth, good products, productivity, small business, SMEHow to Choose the Right Business Intelligence Tools for Your Business
Business intelligence tools (BI tools) help companies to extract important facts from a huge amount of unstructured data. Transforming this rich data into actionable resources to help those organisations to achieve business goals and targets by guiding timely strategic decisions. BI tools help optimise operational processes, inventory control and t ... Read More
December 6, 2019 business growth, business software, integrated software, inventory reportingSetting Good Business Goals: The impact on your business
If a business is small and just starting out, it may seem unnecessary to think about and define the goals at all. Small family-run businesses, for example, may feel they are trucking along just fine, with a small inventory to manage, a small consumer base and a manageable level of demand. A business may not […] ... Read More
December 3, 2019 business growth, inventory reportingGoal Setting: Looking to the future of your business
Goal setting is an important aspect of both your personal and professional life. You might have personal athletic pursuits and goals of buying a house. When it comes to your professional life, you might be reaching for managerial roles or be seeking that yearly bonus. In order to reach your goals, they need to be […] ... Read More
November 15, 2019 business challenges, business growth, inventory reporting5 Steps to Setting Attainable KPIs
Key performance indicators, otherwise referred to as KPIs, are a bit of a buzz word for businesses. So what’s all the buzz about? KPIs are an important measure in business that help you achieve your goals. If you have ambitions for your business, you’ll need a plan for turning those ambitions into a reality. Goals […] ... Read More
September 30, 2019 business growth, business success3 Benefits of a Well-crafted BI Dashboard
For business owners just starting out, it may be easy enough to keep track of business KPIs and metrics such as sales records and trends, inventory turnover and more without much outside help. However, as a business grows this process can become more and more complex and time consuming. At the same time however, it […] ... Read More
September 24, 2019 business growth, business success, inventory stockGive Yourself the Competitive Edge of a Mobile-Enabled Sales Team
Mobile has changed the way we work, socialise and access information and particularly how we do business. With significant growth in the adoption of mobile technology in the workplace, the tangible benefits of a mobile-enabled business are being realised. From increased productivity to greater responsiveness to clients that exceed customer service ... Read More
August 30, 2019 business growth, sales mobile app, sales performanceThe Basics of Business Intelligence Dashboards
If you’re an inventory manager or a business owner, having data about the way your business runs can be a game-changer. However, gathering data is only part of the equation. Collating and analysing a wealth of information can be a tedious challenge, especially in the face of insurmountable piles of data. These issues are common […] ... Read More
August 19, 2019 business growth, business success, inventory reporting, real-time reportingThe Correlation Between Accurate Inventory Control and Sales Growth
Inventory control is much more than just having enough quantities of inventory stock on hand. It is also about ensuring that the right stock item is delivered to the right customer, at the right time. Therefore, it makes sense that a direct relationship exists between inventory control and sales. Accurate inventory control helps a business [&hellip ... Read More
June 24, 2019 business growth, inventory control, sales orders3 Inventory Management Bottlenecks That Stifle Growth
Many expanding businesses encounter productivity bottlenecks that stifle potential growth. Typical bottlenecks occur when an inventory management system fails to meet a business’ growing demands. Bottlenecks should be treated as temporary disruptions that can and should be fixed. Examples include an unexpected material shortage, an absent operato ... Read More
April 10, 2019 business efficiency, business growth, inventory management, inventory management systemSupply Chain Efficiency vs. Effectiveness
Supply chain managers can often think that if a process is efficient, it is also effective. In fact, this is not always the case. Confusion can arise because the relationship between efficiency and effectiveness is interrelated yet independent. This article will explain the difference between supply chain efficiency and effectiveness, and although ... Read More
April 6, 2019 business growth, supply chain, supply chain challengesInventory Control Impacts Profit: Make It A Positive Impact
Inventory control is something that all businesses need to get right, particularly as it is directly correlated to influencing business profitability. Factors such as how you source and store inventory stock and your approach to inventory control impacts profit. Therefore, effective inventory control is vital to maximising operational efficiency an ... Read More
April 4, 2019 business growth, inventory control, inventory turnover, profitabilityHow to Measure If Your Inventory Control is Working Efficiently
As a successful manufacturer or distributor, you understand the importance of managing inventory to ensure the business has enough stock on hand to meet customer demand. You’ve invested considerable time and effort into streamlining and enhancing your inventory control, but now you are unsure how to measure if these efforts have been effective. T ... Read More
March 11, 2019 business growth, inventory control, inventory management, inventory stock, inventory tracking, inventory turnover, stock controlHow will peer learning help your workforce?
Training employees is a critical aspect for any company. There are a variety of methods and techniques used to conduct effective training sessions. There are workshops filled with presentations, guest speakers, and offsite team building days. With so many different options and approaches, how do you find the right one? Training is a large investmen ... Read More
May 21, 2018 business challenges, business growthHow to Encourage Sustained Business Growth
If only starting and growing a business was as easy as planting a seed, keeping a plant alive and flourishing. Unfortunately, running a successful business is a lot more complicated. Read on for some tried and true methods to start and nurture business growth. Identify and shape your vision The first task of any endeavour […] ... Read More
May 11, 2018 business growthCan your business embrace the competition?
There are pros and cons to being competitive, but in business being competitive it is essential. Just because you are competitive with another company does not make you enemies! In fact, it is extremely important to critically analyse your competition and learn from their strengths and weaknesses in the market. Learning from competition If a [&hell ... Read More
May 4, 2018 business growthHow to Nurture Business Growth
The key to a successful business is to nurture business growth at every stage, and this involves several factors. In this article, we discuss some key ways in which you can nurture business growth and ensure it doesn’t fizzle out. Invest in The Right People When business owners are just starting out, they are generally […] ... Read More
April 28, 2018 business growthHow To Foster Sustainable Business Growth
Rapid growth may seem ideal at first, but it is only a good thing if that growth can be sustained over time. To be sustainable, the rate of growth in a business should be at a level easily achieved without the need to increase financial leverage or debt financing. Leverage is the amount of debt […] ... Read More
April 21, 2018 business growth, inventory controlWhy Networking Supports Business Growth
When trying to get a business off the ground, it can seem like there are endless avenues to follow. There are different people, different ideas and different companies that might support you and help foster business growth. There are so many unknowns when starting a new business that it can be overwhelming at times. The […] ... Read More
April 17, 2018 business growth, small business, SMEThe Basic Principles of Sustainable Business Growth
Growth sounds exciting. It signifies expansion, new business and potential success. When a business grows, it is also taking you into completely new territory. One of the biggest struggles that businesses face when they grow, is how to grow sustainably. As start-ups leave their start-up phase and go into something more concrete, it’s important to ... Read More
April 17, 2018 business growthThe Five Stages of SME Business Growth
When it comes to launching your own start-up business, chances are you have dreams of making it thrive in the not-so-distant future. Every great company started off on a small scale and grew over time, and there are five key stages of growing a small business that can help you keep on track with your […] ... Read More
April 16, 2018 business challenges, business growth, small business, SME