One of the biggest threats businesses of today face is competition. Gone are the days when the only two things a business had to do to see profits coming in were to offer a high quality product or efficient service and advertise it in the paper or the television. Because there are now many businesses that offer products and services of the highest quality, customers now have the power to make or break a business. Therefore, the goal of every business now should be full customer engagement.
Topics: customer experience
One of the important requirements to running a business is having an efficient fleet. Contrary to what people outside the industry believe, having an effective fleet is more than just employing drivers and training them well to take care of the vehicles they handle. In order to optimize your fleet performance, you should be able to make smart decisions about how you use your fleet resources.
Topics: fleet management
Move over, grey cubicles, break rooms and fixed 9-5 schedules. Goodbye, long commutes or traffic-plagued driving to the office. Mobile workforce trends are rising, and it looks like it is here to stay. Here are some of the current trends in the workforce. How is your organization keeping up with them?
Topics: mobile workforce trends
In the competitive world of business, organizations are always on their toes with regard to optimizing their resources. The use of various mobile technologies allows businesses to gain a competitive edge in the global marketplace.
Mobile technologies have changed the way people do work in significant ways. However, these mobile technologies do not come without challenges and risks. To manage these risks and to respond to the demands of the mobile workforce, organizations need enterprise mobility solutions.
Topics: enterprise mobility solutions
The warehouse is an important part of the supply chain. It plays a vital role in receiving, storing, reserving and distributing goods, thereby ensuring smooth operations and meeting your business goals. Therefore, you should manage your warehouse properly, using only the best system there is. But with the many providers there are that offer different types of systems that range from the simplest to the most complex ones, how will you choose a management system that fits all your warehousing needs? Here are some considerations:
- Warehouse size. The larger the warehouse, the more activities and functions it will carry. Larger warehouses need a complex system that allows more detailed tracking.
Topics: warehouse management system
One of the most challenging aspects to running a large business is the efficient tracking of assets and the real-time reporting of their location. Without a reliable automated asset management system in place, an organization is in danger of experiencing asset loss, not to mention increased labor and expenditure.
Asset management involves the detailed keeping of information in a central system that would allow for tracking. This system has greatly evolved, from the simple listing of items by hand and transferring to a computer database, to a much more automated practice of using barcodes and finally, RFID tags.
Scenario 1: Justine has been invited to the wedding of Karen, an office mate. Karen has been a really great and helpful coworker, so she does not really have any reasons to snub the wedding, as most of her office mates are attending the wedding, too. The problem is, Justine is not really close with Karen, so she does not know what to give Karen and her husband on their wedding day.
Scenario 2: John’s longtime friend Sally is inviting him to her daughter’s first birthday. John is single and is not really too keen on babies. Thank goodness Sally’s invitation came with a gift registry list, so he can just go to the store where Sally registered, pick out a gift, present his coupon, check out, and be on his way to the party.
Both scenarios require getting a gift, but it is easy to see that John gets out of his predicament easily because he has an ally: gift registry. The concept of gift registry started in 1924, when the Marshall Fields Department Store in Chicago created the first bridal registry. Nowadays gift registries have come to include baby showers, birthdays and even anniversaries.
Topics: gift registries
Smartphone and tablet usage is on an ever-increasing high, and there is no stopping it. According to the 2015 Mobility Report published by Ericsson, there are now 2.6 billion smartphone subscriptions worldwide, and a projection of 6.1 billion users by 2020. Tablet users, according to eMarketer, will reach 1.43 billion by 2018. With these figures, it is not surprising how these consumer devices have made their way into the workplace, prompting companies to adopt BYOD policies and implementing mobile computing solutions. While many businesses have embraced mobile computing as part of their daily operations, there are still some organizations that are hesitant to consider mobile computing.
Topics: mobile computing
Technology has dramatically changed the landscape of business. Organizations that once depended on computers and wired technology are now shifting to wireless technologies that allow for greater freedom and mobility. Why not? Businesses, whether big or small, can gain many benefits from using mobile computing technology.
Topics: mobile computing
Inventory comprises one part of the assets of any business. It could either refer to raw materials used to assemble and produce goods, or a stock of goods that will be sold to end customers. In both cases, inventory is used to earn revenue.
If you are a business owner, you are probably very familiar with the dilemma of keeping your inventory balanced. If you have too little, then you risk losing sales and revenue because you do not have enough stocks; too much and you would need more space to keep them, more manpower to handle and distribute them and more money to transport them, not to mention the greater risk of your money losing money because the inventory might be offsetting your cash flow.
Accurate management of inventory is not only an important part in the running of a business; it is a critical aspect in the management of many industries. Achieving balance in your inventory levels can be a daunting task, but it is not altogether impossible. However, keeping your inventory even with inflows and outflows is not the only thing you need to do. You also need to manage these flows by managing the information that comes with them. But how exactly do you do that? In this post we present five tips to improve your inventory management:
- Break your inventory down into three categories: safety stock, stock for replenishment, and excess (or obsolete, if applicable) stock. How much stock do you need in order to keep your supply levels safe to avoid having customers wait for the products they need? How much stocks do you need to replenish deliveries at regular intervals? How could you get rid of excess stocks? By categorizing your inventory, you can make more informed decisions about purchasing and distribution.
Topics: inventory management