Businesses run on cash flow. That’s a simple fact that no one can ignore, not even mega-corporations like Walmart and Amazon. For retailers, this extends to inventory. Put simply, no cash flow means no cash to purchase more inventory, which means no sales. This...
With an estimated 80% US market share in 2018, Intuit’s QuickBooks is wildly popular with businesses, and for good reason! Not only does it offer every tool that an accountant needs, it’s also easy to integrate into existing workflows and easy for workers to pick up...
Inventory shortages can affect a company’s profits directly and indirectly. Not having materials for production or products to fill orders leads to lost business in the short term. Shortages also affect long-term revenue because clients or retail customers may...
The business world is changing rapidly, and companies unable to adapt to changes brought on by challenges and innovations inevitably fall behind. The Harvard Business Review pointed out that the use of automation and analytics accelerated during the COVID-19 pandemic....
Running a manufacturing business is, well, tricky business. There’s also no real guide or “how-to” on how to run one. There’s a handful of reasons for this, but the most obvious one is simply that every business has different needs. At the same time, though, the tools...