Background Image

Topic: business planning

How To: Developing a Labelling Strategy for your Business

For smaller businesses just starting out, product labelling strategy isn’t always a top priority. Businesses new to the market tend to focus most of their time and efforts into the daily processes of a business, and may not necessarily have the time, resources or manpower to contribute to labelling strategies. However, this can be a […] ... Read More

  September 11, 2019     

Wrapping Your Head Around Unconstrained and Constrained Forecasting

Forecasting plays a significant role in the sales and operational planning (S&OP) of a company; it can underpin the strategy for how a company runs their business. It serves as an important process to project, balance and look after supply and demand. Ultimately, S&OP can help a company reach their goals and help them get […] ... Read More

  October 20, 2018     

How Can Businesses Plan for Seasonality?

Highs and lows are an accepted part of running a business and it’s common for seasonal businesses to experience high and low demand for services and inventory stock, with corresponding periods of high and low cash flow in each business year. The timing of these seasonal ups and downs will largely depend on the type […] ... Read More

  June 18, 2018     

5 Tips for a Strong Balance Sheet

A strong balance sheet is imperative for a business’ success. Having a strong balance sheet not only protects your business in economic turmoil, but enables growth when the market’s confidence is back up again. Businesses with strong balance sheets go beyond having more assets than liabilities, they encompass a method that supports their busine ... Read More

  March 13, 2018     

Ingredients for a Good Business Plan

A great idea for a company or business, although the first step, will not guarantee success without a lot of ‘boring bits’ to go with it. Not only will a business plan help streamline the initial start-up process, but also it is a concise way of eloquently communicating your ideas with potential investors who require […] ... Read More

  December 11, 2017     

The Basics of a Good Business Plan

Business plans help define goals and help you achieve them. If you take time to set concrete and achievable goals, you can then chart a plan to reach these goals successfully. Having tangible goals can make a business thrive. It’s important to consider a wide variety of areas when writing a business plan. Define your […] ... Read More

  November 30, 2017     

Seasonality and Business Cycles

Seasonality refers to recurring fluctuations that happen at regular and predictable periods every calendar year. Business cycles on the other hand can be anything but regular. Business cycles are the natural rise and fall of a company’s economic growth over time, characterised by the four stages of expansion, peak, contraction and trough. Expansi ... Read More

  October 21, 2017     

Trade Discounts: Are They Right For Your Business?

For many businesses, discounts are a common tool to attract business, clear out slow moving inventory and reward loyal customers. For a business that is mostly in the business of manufacturing inventory, rather than in the retail space, discounts are a key tool to tailor service and pricing to your customers’ specific needs. Let’s take [&hellip ... Read More

  August 29, 2017     

Implement Change Management with New Software

Change is inevitable but not always popular. When initiating any change within your organisation it is usually prudent to expect a certain level of resistance. The introduction of new systems and technology into your business is no different. How you manage the change is crucial to the success of the new system implementation. When you […] ... Read More

  July 14, 2017     

Five important ways inventory management can improve business performance for manufacturers

For most manufacturing companies, inventory is depended on to operate and fill customer orders. In light of this, making an accurate assessment of inventory sometimes means the difference between a profit and a loss. Below we discuss five important ways inventory management can improve business performance for manufacturers. Helps with forward plan ... Read More

  June 16, 2017     

Overstocked? Don’t despair! Tips for dealing with excessive stock

Being overstocked is a situation to avoid, however sometimes this is just not possible. You need to handle it properly and turn it into a benefit. ... Read More

  January 24, 2017     

Why an inventory system supports business growth

In a highly competitive global market place, a good inventory management system is vital for business sustainability and growth. ... Read More

  August 29, 2016