How do you successfully plan in a time when no one knows what’s coming next, or what could change tomorrow? It’s a question many businesses are facing thanks to COVID-19. In warehouse and distribution, some of us are in a more fortunate position than many other businesses. I am yet to hear (so far) of […]
The state of the Australian economy is worrying for many. For retailers, warehousing and distribution businesses, it’s particularly concerning. A slow-moving economy and poor sales results across the industry mean that controlling internal business costs is more important than ever. We don’t have much control over the economy. We also don’t have too much control […]
‘Alignment’ can be a bit of a buzzword for businesses. But what does it actually mean? And is it something you should be worried about it? At the very least, it’s something you should think about. Misalignment can happen in multiple areas of business. But in my experience, working with warehouse and distribution companies, I […]
At any given time, a hundred different things are going on in your business that are all vital to its success. Receiving payments, closing sales, ordering, counting, delivering stock… Just thinking about it is enough to give you a headache. Having a handle on every part of your business can feel impossible. But it’s also […]
Running a successful and competitive business isn’t easy (or cheap), so it’s important to find value wherever you can. There are many different ways managers try to add value and profit to their business: pricing better, buying better, cash control, speed to market… The list goes on. In my experience though, the place that most […]
Most businesses would say that increasing productivity and boosting profits are two things that are vitally important to them. However, most businesses also engage in inventory management techniques that are draining both time and money from their business. Manual inventory control processes – which many businesses rely on – cost more than you might imagine. […]
Every aspect of your business is important, but stock could be considered the backbone of the whole operation. After all, it’s what your customers come for – and what brings in the profit. Unfortunately, I see many businesses that don’t treat their stock like the valuable asset it is. Of course, no-one does this on […]
Big businesses don’t just start big – they’ve managed to grow over time to become the success stories they are today. And while some of this can be put down to luck, perseverance or smart investing, there’s one factor that always contributes to their ongoing success – technology. Traditionally, technology has been implemented by businesses […]
**Originally posted on HARMONiQ There’s no denying that if you want to grow your business, you need to grow your revenue. But this doesn’t necessarily mean putting all your effort into growing your customer base. In fact, retaining and growing your existing customer base is more cost effective for your business than attempting to gain more […]
**Originally posted by HARMONiQ When we think about the factors that could be affecting the profitability of our business, our mind often skips straight to the big-ticket items – sales, cost structures or inventory. While it’s important to consider these bigger aspects, we often forget to think about other smaller inefficiencies that could be present […]
