Inventory is a key part of profit and revenue. Whether it involves raw materials or retail products, managing inventory is essential to monitor the whereabouts of the goods. Inventory is a company’s current asset that makes good business operations possible. It is performed to keep your business afloat and continue to grow. However, it is not as smooth as it…
Tag: WooCommerce inventory management
Purchase Order: Keeping your Company Together
In handling every stage of a purchase transaction, there are many applications we can use. There are plenty of ever-evolving trends we always want to get caught up. We all have such gut to be in the trendiest development that we often forget the most important thing in the procurement realm – purchase orders. Email threads and verbal commitments are…
What No One Tells you about Repeat Business and New Customers
Have you ever stopped to think about how you can improve your business? What technique do you use – acquiring new customers or repeat business? While the acquisition of new customers is important, it is hard to win them back if they go away. On the other hand, keeping existing shoppers is great but it is not easy to build…
How do Loyalty Points and Rewards Benefit Customers
Customers are hard to find. It is true even for old businesses. Companies have to use different techniques to keep customers coming back. Offering loyalty programs is one of them. If you have buyers that are loyal to certain brands that they love purchasing over and over again, your company has put a loyalty program into operation already. Implementing loyalty…
Physical Inventory: The Easier Way to Carry Out
To figure out your profits, you need to perform a physical inventory. Performing physical inventories can help prevent shrinkage. Production and purchasing can also be easily managed. Doing physical counts is critical for the success of any retail industry. However, this is probably not included in your favorite list as it takes hours to count store merchandise. Some merchants may…
Employee Management: How it Affects Company’s Productivity
Who makes the magic happen in a business? Your employees. They are the company’s real competitive pros and are more important than clients. It is their skills that keep your organization running. It is really them that give success a meaning. Employees are truly the company’s best asset. As long as their needs are provided, they can make investors and…
Successful E-commerce Business: 5 Strategies that Really Work
As millions of shoppers prefer to shop on their favorite retailer online, e-commerce business is in rapid growth. In fact, it is expected to continue its winning trajectory for years to come and that’s very much exciting. Being a part of an e-commerce economy is great. However, when launching an e-commerce startup, entrepreneurs are more likely to create mistakes making…