Products and Manufacturing Articles

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    Do You Need to Change Your Inventory Purchasing Habits?

    by on May 14, 2015

    Purchasing inventory requires a deft hand. Buy too much, and you might pay extra holding costs and risk inventory going obsolete. Purchase too little, and you may not be able to fulfill customer demand. You can use the inventory turnover ratio to analyze inven…

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    How Shipping Terms Can Affect Your Bottom Line

    by on April 29, 2015

    As a small business owner, you’re able to set shipping terms for customer orders and perhaps even negotiate the terms you accept for your own purchases.These shipping terms dictate when product ownership passes to the buyer and who pays for the shipment. It’s…

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    How to Set up a Product Distribution Plan for Your New Business

    by on February 13, 2015

    Having a great product is only one part of the equation for a successful business. You also need a solid plan to deliver that product to customers. Fortunately, you have more options for getting your product to the end user than you may realize, and depending …

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    How to Use Makerspaces to Spark Creativity and Start Manufacturing

    by on December 26, 2014

    The Maker movement is taking the world by storm, allowing people from all walks of life to start inventing innovative new tools and products. A culture of technology-oriented DIY that has grown up around the areas of engineering, computer science, and graphic …

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    4 Ways to Reduce Inventory Costs

    by on December 1, 2014

    Aside from employees, inventory generally factors as any small business’ most substantial asset. But maintaining just the right amount of inventory is a delicate and often maddening balance to achieve.
    If you fail to stock enough of the “right item…

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    Where Did the Money Go? Disappearing Inventory and “Ghost” Expenses

    by on November 24, 2014

    It can be alarming to find yourself looking at a year-end inventory report in January that does not remotely resemble what it should be. Where are all those parts and pieces? What happened to supplies and inventory? Cases of wine or expensive food items t…

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    How to Perform a Break-Even Analysis

    by on October 9, 2014

    Wouldn’t it be great if you could predict when your business would begin to pay for itself? Or if you knew how to set your prices to help determine when you’ll break even? The good news is, you can. A break-even analysis is a great tool for startups and ex…

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    Would a Supply-Chain Analysis Improve Your Bottom Line?

    by on September 12, 2014

    While the phrase “supply chain” may conjure up images of transportation services moving freight from one place to another, the reality is that most businesses have a supply chain whether they know it or not.

    “Anybody that gets into these four things — buy,…

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