#Inventory
Finding hidden revenue in your business
Customer sentiment holds the key to unlocking hidden revenue in your business. As a retailer, eCommerce platform or marketplace, you’re likely to value customer sentiment — however being able to turn that sentiment into a successful business strategy to improve your business from a revenue or operations perspective is way more challenging. Customer’s experience, product […]
How SMEs can survive an economic downturn
Is Australia heading towards a recession? A combination of factors including rising Australian household debt, the state of the energy market and the fact that Australia hasn’t experienced a recession for 25 years, have led many commentators to speculate that a recession or slow down may be imminent. The good news is that SMEs can […]
Why cash is king for small businesses
The strange thing is you can have a full order book and see that your business is really taking off, but if you don’t have a firm grip on the cash flow situation you could struggle to stay afloat and achieve long-term success. It is important to understand why cash flow matters so much to […]
How stocktakes can provide intelligent business data this end of financial year
Most retailers regard and often treat their stocktake activities as a rather burdensome compliance process. However, stocktakes can boost marketing and supply chain performance and provide a regular barometer of business efficiency. That’s because stocktakes can – and should – generate a consistent flow of data about every aspect of the business. During the stocktake […]
Warehouse Management in the Era of Amazon
If you keep yourself updated in the retail game, it shouldn’t be news to you that American giant Amazon is going to cross into Australian borders with the speculation of destroying Australian retailers [1]. For any small business owner, the thought of a radical change in competition is frown worthy. It goes without saying that […]
Balancing act: cashflow and inventory levels
Due to the amount of cash that can be tied up in stock, inventory-carrying small businesses must carefully balance the need for adequate cashflow against the need to invest in stock that will drive growth – not just to succeed but to remain viable. Dynamic Business spoke with Stephen Canning, CEO of JCurve Solutions, a […]
Excess inventory? Take stock and strategise
When business inventory reaches the end of its product lifecycle or there’s no longer a demand for it, you need to find a way to get rid of it. Seems easy enough but companies that haven’t planned stocked replenishment properly are often stuck with large quantities of excess or outdated business stock. Also known as obsolete stock, excess […]
How to buy an existing business
Choosing to buy an existing business can be a great opportunity to hit the ground running without the disadvantages of starting from the ground up.