When companies sell goods to customers, a supply chain is involved that impacts all aspects of the business. Many people believe that supply chain management is nothing more than supplier management. While this is indeed a big part of the job, there is actually a lot more to it than that. Supplier management entails negotiating … Read moreWhat Elements Make up Supply Chain Management?
You’ve done your research and set up an online store that has all the right elements in place for success. You’ve decided how much inventory you’ll need to keep on hand, and now you might be wondering how this will be taxed. Here is brief overview. At the end of the year, your business is … Read moreInventory Tax Basics for New Small Business Owners
Reducing warehouse costs is an ongoing project that requires smart actions that don’t compromise quality or customer satisfaction. Here are some ideas for helping your warehouse spend less and maximize profits. Inventory Protection Inventory losses to the tune of billions of dollars are noted each year in warehouses. While theft and misplacement do play a … Read moreKeeping Warehouse Costs Down