Insights and Updates: Explore the Latest Trends, Tips.

Almost anything you buy today has barcodes – from apples in the supermarket to the latest Smartphones, you can find them everywhere. In fact, they have become so commonplace that we have almost stopped noticing them. Barcodes were invented over 7 decades ago, and today they are important tools for any business. They help in […]

The success of a company depends to a great extent on how well it recruits, inducts, manages, and rewards its employees. You cannot afford to do guesswork here; if you leverage the power of data, you can get all of it right, and be successful. You can be proactive and organize programs for career development, […]

While most people think that it’s the product, marketing, or the founders that make a company successful, it’s only partly correct. What makes a company successful, is the human resources – the employees. If you are one of those people tasked with choosing those people, it can be pretty daunting. Human Resources management is a […]

Knowing the concept of assets and depreciation is vital for your small business. This will impact your tangible assets, how they are accounted for, and what tax they will attract. So, let us get a clear understanding of all the terms, and how depreciation is important for your business. ALSO READ: What are the Key […]

The modern business environment necessitates agility, quick response and competitiveness in the marketplace. Ergo, organizations are increasingly adopting technology to help them achieve this and more. Numerous software solutions are available that facilitate digital transformation. Let’s examine two such systems today and see how PSA Vs ERP match up head-to-head. ALSO READ: Guide on How […]

High costs of procurement can have a negative impact on the profitability of your business, and you have to plan meticulously to avoid that. Apart from reducing expenses, you also need to manage your vendors better to improve your bottom line. But there is no cause for worry; from easily implemented to time-consuming and complex […]

Artificial intelligence has tremendous potential, and its benefits are permeating into more industries every single day. In fact, companies have embraced AI in their operations as it helps them gain a competitive edge. Today, artificial intelligence in procurement is being adopted, as technology simplifies complex and monotonous processes. However, as this is a radical change, […]

Any business has to maintain stocks of supplies, spare parts, or other items to ensure their operations can continue without interruptions. For example, a manufacturing company needs to stock tools and components so that the production lines can keep running. Retailers need office supplies, electronic components, cleaning materials, etc. all such materials are collectively referred […]

Cost savings is not the only value that companies demand from their procurement teams, and this has led to them always being on the lookout for means to enhance their procurement process and ensure its sustainability. They need to monitor a range of procurement KPIs so that they can make But while procurement KPIs are […]

Inventory is crucial for any business dealing in products – manufacture or sale. Managing inventory is a very complex function as there are multiple factors to be considered. One of them is inventory turnover. What is Inventory Turnover? Inventory turnover refers to how much inventory or stock of products your business has sold in a […]