A tidy stockroom where cardboard boxes of stock smoothly float in and out at the precise times they should. The spreadsheets update automatically as you go along. Isn’t that every small manufacturer’s dream? It certainly is a blissful picture. But it’s not just the peace of mind you get by making this a reality. Inventory management is the process of keeping track of all the goods your company has in stock. And the benefits of good small business inventory management have become clear as day, just because the costs of doing it badly are so high. There’s no getting around it in today's fast-paced market. If you have too much stock then you are tying up cash, as well as having to pay unnecessarily for resources like stock room space. On the other hand, understocking can lead to delayed deliveries and mobs of unhappy customers wielding pitchforks at your door. Inventory is just so central to a business dealing with physical products, and your inventory management plays a huge role in your success. It can be the difference between sinking and swimming. Surviving or thriving. And that includes choosing the right solution so you can manage your inventory on the next level. As a modern manufacturer, you need systems that know the maker’s needs and make life easier, so you can spend your time on growing the business. This means solutions that harmonize your raw materials and finished product inventory. Solutions that can help you move on from the burdened world of Excel. Solutions that seamlessly incorporate inventory management into your order fulfillment cycle. This is why we’ve put together the low-down on everything you need to know about inventory management for small businesses - top to bottom. Many manufacturers and production planners don’t apply the following principles. Get on top of the stuff written below and you will put yourself ahead of 99% of your competition. So, let’s get stuck in.
SharePoint is one of the most popular intranet platforms with great social and business abilities. For many years, SharePoint has been in Top 10 of the best Intranet software. More and more companies are permanent users of this platform, and they say that SharePoint helps them to increase the productivity of employees and save money. SharePoint is constantly developing, gets upgrades and innovations that expand the opportunities of corporate intranets. Also, there are a lot of negative comments from competitors, critics, and disgruntled users that can sow doubt in people’s minds. Let’s consider the pros and cons of using SharePoint to decide how well does it fit modern business requirements.
You need to run experiments. The one who runs the most experiments wins. BUT – most marketing experiments are done wrong. What’s missing is hypothesis driven testing across all inter-business disciplines. For each experiment create a document that contains the list items below: Hypothesis (What you expect to happen and the change to be made) Dependent variables (What are the test outcomes?) Methodology (What type of statistical test will you use on the data and why?) Sample size (How will you calculate sample size, and what is the expected number?) Analysis Plan (Which segments of data will you be analyzing? Which metrics?) Test Execution Plan (How will this test be run? Where and when?) Dependencies (What sort of resources will be needed for this test? Budget? Staff?)
Optimization is the process of testing and refining websites, mobile applications, landing pages, email campaigns and marketing and growth efforts with the goal of increasing performance around desired outcomes. Optimization includes A/B testing, which is the process of testing one thing against another version of the same thing. A/B testing and optimization is an important part of growth marketing. These articles feature the best strategies on how to optimize your growth efforts and provide new ideas to help inform your A/B testing and optimization plans.
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