Missing Inventory? – Every once in a while, you won’t be able to find the inventory you need. If a raw material can’t be found, you’re going to have trouble making your finished product. Similarly, if something is misplaced during the work-in-progress phase of production, you’re not going…

Today, my first guest article was published on Practical eCommerce. Titled “Inventory Management: Use 80-20 Rule”, I discuss the following topics in the article – Use the 80-20 rule to decide what levels of inventory to carry on which products. Analyze competitors and listen to customers to choose new products.…

Wall Street Journal discusses different ways to deal with excess holiday merchandise. Sell via consignment stores – What are consignment stores? These are stores that will hold your inventory for you and sell it at a lower price. They take a percentage of the sales revenue. You still…

For small businesses, cash indeed is king. If you run out of cash, then you cannot pay your bills, cannot get suppliers to ship you goods, and cannot continue running the business effectively. If you are in the retail business (whether e-commerce, or brick and mortar), an often…