For the Best Cash Flow, Manage Your Inventory Costs with 8 Tips
With proper inventory management, you can lower your expenses and increase your cash flow. For many businesses, it means taking a look at your inventory costs.
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Category: Operations
5 Data Recovery Planning Tips for Computer Failures
It’s important to have a data recovery plan in case your computer system fails. But many businesses don’t have a contingency plan. Here are five tips.
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7 Precautions for a Profitable Layaway Program
Despite the continuous changes in technology, retailers are reverting to a sales and customer-loyalty practice that was prevalent in the 1950s. That would be a layaway program to sell more products to cash-strapped customers.
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Why Kaizen Philosophy Works for Business and Public Sector
Lean thinking has become imperative for business and government. Budgets are strained, but pressure continues to mount for better customer service. The bottom-line: Both the private and public sectors need to save time and money while providing exemplary service – with existing resources. This requires major changes – often culturally.
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8 Strategies When Sales Drop and Costs Cut into Your Profits
If your sales are down and costs are hurting your profits, you’re not alone. The irony is you can do something about it — with these eight tips.
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