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…
Month: September 2018
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…
Sales Return: Why does it Exist and How to Prevent it?
When customers return the products they buy, a company would accept it. It’s their right. They have the right to return the goods they are not satisfied. Sales return is a normal part of a business. It has always been a good practice most merchants used to provide customer satisfaction. There are different customers. The cause for product return may…
10 Ways to Keep Ahead of your Competitors in Retail Marketing
No matter what type of business you operate, there is a competition. It is everywhere. Whether you like it or not, it is always there. The road to success has never been easy. There are competitors that block the way. To win over new customers become more challenging when your market isn’t the only one that stands from the crowd.…
Store Credit: Everything You Need to Know
Is offering a store credit really good? This is one of a few questions retailers always have in mind. While cash is considered to be the king in business, it is not always possible to make all sales on a cash basis. Since all businesses have to beat the competition, giving customers credit terms can be a great option. However,…