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Lesson #4: Get Hooked Up
“I have always been driven to buck the system, to innovate, to take things beyond where they've been,” he said.

Guerrilla Marketing With Technology
Up until a few years ago, technology was not something associated with small business marketing. Perhaps it was connected with databases or inventory control, possibly with electronic spreadsheets and word proccessing. Anyhow, it was complicated and expensive -- and its affect on small business didn't stretch into the arena of marketing.

Increasing Your Sales with No Out of Pocket
In today’s market, most of us are focusing on how to stay in business and increase profits without having to spend a lot of money in the process. Doing this can be a real challenge and at times, really frustrating. So, I like to look at this process like playing a strategic board game. It takes some real “think out of the box” along with some good team players and some creative ideas, all mixed together to reach the end of the game and win the prize as inexpensively as possible.
Why Some Retailers Are Doing Better Than Others In The Current Retail Environment
In evaluating the overall retail situation I noticed that many of our own retail store customers had done well or at least fared better than their competitors in the same retail segment(s). I thought it might be of interest to some of you to analyze what they are doing that is working.
Efficient Inventory
Sure, retailers all know that they need to keep track of their inventory, but there are more reasons than the most obvious ones.

Leveraging Retail Technology
Retailers need to continue to invest in enabling technologies, even in an economic downturn, to enhance efficiencies, productivity, and customer experience.
Retail Loss Growing Problem
In today's highly competitive environment keeping retail loss, which includes shoplifting, internal theft, fraud, etc. to the utmost minimum is mandatory for the ongoing success of your retail business

Calculate the Cost of Shoplifting and Employee Theft
Shoplifting and employee theft cost the retailer a great deal in lost profits and everyone and everyone including the consumer pays for this crime. Unfortunately retailers often underestimate the actual figure in terms of losses. Unless a business has strict inventory control it is simple to come up short getting a good sense of overall losses. There is a basic formula for calculating total annual retail losses in your business, which will give you a fairly accurate idea of how much profits are actually walking out your door.
Reducing the Employee Theft Epidemic
The FBI calls employee theft “the fastest growing crime in America!” and the U.S. Chamber of Commerce estimates that 75% of employees steal from the workplace. But it possible to reduce the incidence of employee theft by following some simple tips.
TOP TEN WAYS TO RECESSIONPROOF YOUR BUSINESS
The economy seems to be a topic that’s discussed over and over in our local and national media and at almost every business level in America today. This article contains tips for recession proofing your business.

Other inventory control Related Articles

How to Shape Up the Inventory when you have 5000+ SKU’s
The goal: NO EXCESS INVENTORY These days, independent retailers cannot afford one piece of excess inventory. Storage costs, insurance, pilferage, damage, depreciation, taxes and interest on loans add up to 30 percent annually to the cost of the goods you carry. Because those costs continue to rise, tight inventory control is still one of the best investments you can make - especially during the buying season.
Why an Integrated Financial Accounts?
I've often heard that retailers want different system for inventory control and financial accounts. They always says that it confuses our accountants and pos operators. Secondly, people who are not designated to view such data can access because it is integrated.
Real World Advice for Retailers - Loss Prevention, Chapter 2
Most retailers focus on preventing shoplifters from stealing merchandise from under their noses. Big investments are made in closed circuit camera systems and recorders, as well as expensive security tags and readers – all to prevent, or catch, shoplifting. But what about the other two leading causes of inventory shrinkage – employee theft and data entry errors. Chapter 2 of Michael’s series on Loss Prevention discusses how a good inventory control system can minimize inventory shrinkage.
Just In Time, or Just In Case
The modern system of inventory control is Just in Time, from the Toyota Production System. The vendor ships just in time for the operation to process and assemble components. It is generally agreed that JIT demands the utmost in close scheduling, reliable vendors and supply chain cooperation; and results in best floor space utilization, lowest capital tied up in inventory, least spoilage and product damage, and best quality because any errors are caught more quickly. The alternative is Just In Case; inventory is ordered in advance to allow for eventualities. Your organization probably depends on some of each.
Inventory Financing as a Working Capital Solution
Why an Inventory Finance Solution can be a Competitive Edge . Information on why Canadian business owners should focus on a specialized inventory financing solution for their firm when inventory plays a key role in your working capital mix .

Inventory Loans – Financing Inventory Assets
A inventory financing Strategy for Canadian Business -Information on inventory loans and inventory financing in Canada . Why inventory financing is a key component to working capital and profit growth.
Inventory Finance – Working Capital from an Inventory Loan
Information on Inventory Financing in Canada ;Information on how to view inventory finance in the context of obtaining a separate inventory loan, or a financing which includes inventory as a working capital component .

A Different Solution for Business Inventory Financing
Information on Canadian Inventory Finance ;Information for Canadian business owners and financial managers on business inventory financing and the need to control and report on inventory to reduce inventory financing costs.
The Myth Of Inventory Finance Companies
The Real Scoop on Inventory Financing In Canada ;Information for Canadian business owners and financial managers on the ability to finance inventory, are there true inventory finance companies, and , if so, what criteria are critical to obtain inventory financing .

Methods to Design an E-Commerce Website With Integrated Payment Gateway
Organizing and planning information on products, package options, item groups, categories, options to add or delete products or items need to be considered. This ensures a comprehensive inventory of the goods that would be handled in the business. Measures to control inventory, order stocks and shipping products, find place in this stage.
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