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Does Inventory Affect a Business’ Bottom Line?

Does Inventory Affect a Business’ Bottom Line?

Inventory is a huge part of any business. If not managed efficiently, it can have distressing consequences on a company’s bottom line. Profit can be increased simply with the right inventoriStock_000005309144Smally management solution, eliminating common mistakes many executives don’t think twice about, such as inaccurate inventory tracking, excessive inventory, improper use of spreadsheets to track inventory and a lack of a backup plan and solution. All of these can add to expenses, increase human errors, affect sales and in turn customer service. Therefore, now that you know that efficient inventory management can increase profits, what do you do next?

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Surviving a Natural Disaster [FUN Friday]

Unfortunately, many organizations today still do not have a solid plan of action and backup solution in place in case of disaster. Natural disasters and hardware malfunctions occur more often than we think and can have devastating consequences on the organization, such as data loss, business interruption, loss of revenues, etc. Many executives don’t ever believe something like that can ever happen to their business, until it’s too late.

I have written many articles on this topic and have gone on to explain the benefits of implementing a Business Continuity plan. Don’t hesitate to take a look at these for more information on how to secure your data.

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Why It’s the Right Time for Mobile Optimized eCommerce Sites [FUN Friday]

Enterprise Mobility and Mobile Commerce have been trending topics in recent months. Many of the larger enterprises have made the changes necessary to stay up-to-date and ahead of the game. However, many small businesses are still not satisfied and convinced by the statistics popping up everywhere about the importance of mobility in the business.

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How can an e-Commerce Store Increase Sales for your Business?

An e-Commerce Store is an online retail of goods and services. In recent years, it has become the most convenient way for consumers to browse, shop and buy from their favorite retailers (Click to Tweet). However, statistics keep being published showing only a very low percentage of Canadian small and mid-size enterprises having an e-Commerce site.

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Top 3 Tips in Preventing Financial Impact of Business Downtime

Disasters, either natural, man-made or technological, happen whether we want them to or not. We all have lived through at least one disaster situation in the past 10 years, either in our workplace or at home. Who doesn’t remember the terrible Hurricanes that attacked parts of the U.S., like Sandy, Rita, Katrina or Ivan, and the devastating Lac-Mégantic train derailment in 2013 right here in Québec. One of Montreal’s most famous and expensive disasters was the 1998 Ice Storm, where many homes and businesses didn’t have power for many days/weeks. Read more

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Small Business & the power of Social Media [FUN Friday]

We love learning and sharing all there is to know about small businesses in North America. Why you ask? Because they are what drive our economy and create the most jobs in our communities.

We found another fun infographic by LinkedIn on Small Businesses in North America and their increasing presence on Social Media.

Take a look and keep supporting the local small businesses in your community… Read more

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The 3 Must Have Mobile Business Applications that Distribution Companies are Missing Out On

While mobile device usage is gaining ground at the consumer level, through the use of smartphones and tablets, small and mid-size businesses are now wondering how they can take advantage of this technological advancement and apply it in their business environment. Mobile devices are becoming much more affordable to deploy in companies and mobile data security controls have been developed to protect a business’ confidential information. It is evident that the business world is quickly embracing the concept of BYOD (Bring Your Own Device) and mobile business applications. Read more

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Small Business Is Big In Canada [FUN Friday]

“Did you know that small and medum-sized businesses contribute more than half of Canada’s GDP?”

A couple of weeks ago, we published a daily infograph from the BDC (Business Development Bank of Canada) about small businesses in Canada. This short but informative image provided all you need to know about Canadian entrepreneurs, financing and how to map for future growth. Read more

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Love/Hate Relationship: Business Executives & ERP Implementation Projects

love-hate

ERP Implementation; two words many business people do not like to hear. Most often than not it is because of horrible past experiences; previous implementation projects either went ridiculously over budget, took too long or the system turned out to bring more problems than solutions.

Let’s start from the beginning… Read more

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HOW TO: Get Your Business ‘Mobile App-Ready’

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Over the weekend, I read a great article on LinkedIn by Daniel Burrus, Innovation Expert, Global Futurist and Strategic Advisor (among other titles), about the transformation of business processes. He goes on to explain how business mobile applications designed for a company’s internal use and competitive advantage will explode over the next couple of years.  In his words, business mobile apps are a “hard trend”, which is something that will happen. Read more

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