A crisis is characterized by its surprise effect. The implementation of a business continuity plan, therefore, makes it possible to plan the measures to be taken in an emergency (work accident, natural disaster, supply cut, etc.) The objective of this…
Many benefits are there in conducting asset revaluation, Namely: Showing a Reasonable Wealth Position The major purpose of asset revaluation is to provide a true value to the company’s assets. Thus, the value of assets recorded in the financial statements…
Stock management unites all the operations to be carried out to determine the frequency of supply and the quantities to be purchased. It will then have to put in place a good organization and a strategy adapted to the needs…
Broadly speaking, asset management refers to any system that monitors and maintains anything of value to an entity or group. This management applies to both tangible assets, such as buildings, and intangible assets, such as people, intellectual property rights, goodwill,…
The use of RFID technology is enabling smarter warehouses, where information is much easier to acquire, store and ship. In this sense, RFID tags play a very important role in streamlining logistics processes in very varied sectors. The objective that…
A retail or point-of-sale audit acknowledged as research aimed at a comprehensive analysis and collection of data on the assortment, availability, and stock of goods, their cost, overall representation in retail outlets, the availability of advertising materials, the quality of…
A retail audit is an accurate tool that provides manufacturers and distributors the required comparative information about what is happening with the products in the retail networks. Products in the retail network are necessary elements of planning, developing, and monitoring…
Business advisory services are provided by independent consulting companies or independent consultants. The process has approximately the following sequence: Goals are set that need to be addressed in your enterprise. For example, you want to improve your work efficiency. The…
When it comes to inventory tracking and management, automation and technology can be a business owner’s best friend. Although manual inventory counting was considered a useful technique in those days, current inventory systems are largely software-driven and organized with barcoding…
The warehouse is the hub of the production process. The maintenance of warehouse stocks allows the planning and supply of the production, on the other hand, the immediate satisfaction of the customer’s needs. An inventory management system is essential to…