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, and financial assets. Asset management is a systematic process to develop, operate, maintain, and increase…
RFID Tags: What Are They, And What Is Their Role?
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 every company seeks is to improve its management and reduce costs. Some different technologies and…
Retail Audit-A Way To Increase Sales
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 staff work, as well as the pricing policy of competitors. The purpose of retail audit…
Retail Audit: An Accurate Tool For Assessing A Retail Business
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 the execution of an effective marketing and sales program. Retail monitoring is based on the…
Open Up New Business Opportunities With Business Advisory Service
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 assessment of the current state and the methodology used by the client company is carried…
Inventory Management With Barcode Numbering: How And Why?
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 systems. When it comes to handling inventory, a barcode inventory system can help improve efficiency…
Inventory Management: A Compromise Between Production Efficiency And Control Of Raw Material Storage Costs
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 make production efficient. Inventories are used to cope with sudden and unforeseen fluctuations in demand….
How To Take Control Of Your Inventory And Avoid The Loss Of Merchandise?
Inventories are related to all the goods involved in the operating cycle of a company either to be consumed or to be sold as-is or at the end of the production process. Good stock management will help meet future needs. Good stock management is a factor of flexibility for the company. Indeed, stocks represent a…
How To Avoid Making Inventory Control A Headache For Your Construction Company?
Unfortunately, many construction companies that do not have programs for inventory, experience any of the following problems: Lack of communication between departments It is very common among companies with several branches or warehouses. The buying process is multi-person dependent, and approvals are not always submitted on time or completed until pending items become urgent. 👉🏽…
Get Timely Report Of Your Fixed Assets By Maintaining A Fixed Asset Register
A fixed assets register is a list of all the assets held by a company that is intended to be used for business purposes and have not been sold off for profit. Such an item is required by law for some companies for tax purposes. Keeping a fixed asset register includes collecting detailed information about…









