Multi-currency software: The key to going global
According to the World Trade Organization (WTO), world merchandise exports increased by 22% in 2010. Per the UK’s Office for National Statistics, as of Oct 2011, exports were valued at £25.5bn, up 0.6% from July and the highest level since monthly records began in 1998 Every day US$1.4 billion of bilateral trade crosses the U.S.-Canada border, according to [...]
Landed Cost: Definition, calculation & benefits
The ability to source products from around the world offers businesses opportunities to reduce costs and increase product availability, potentially resulting in strategic and profitability gains. However, the opportunity also brings the challenge of accurately calculating true cost and profitability analysis. Landed cost is the process of capturing all costs associated with the acquisition of [...]
Assembly inventory: Making inventory for stock
Assembly inventory, or made to stock inventory, is inventory created for stock with the components used depleted from inventory and the new product (the assembly) added to the finished goods inventory. Assembly inventory: the benefits Assembly is commonly used by businesses that do light manufacturing or, in other words, businesses that purchase multiple inventory items and [...]
Inventory software for QuickBooks® simplifies eCommerce
Arlington, TX (PRWEB) September 15, 2011 Alterity, Inc., the leading provider of inventory software for QuickBooks, recently released ACCTivate! 7.3, which introduces many new benefits, including two major features: a Web Store Integration module to simplify eCommerce integration and a copy purchase orders function to increase efficiency. “We’ve developed the new simplified eCommerce web store integration [...]
Managing inventory for increased profitability
Most people keep a pretty good eye on their cash. Generally, they don’t leave it laying around, gathering dust, not put to use, uncontrolled. In the business world, inventory and cash, from an accounting standpoint, are pretty similar, both being considered assets. Yet, many businesses think of inventory only in terms of the items bought [...]
The human factor
Recently one of my associates suggested that I take a look at Kiva Systems. I looked them up on the web and watched their demo video. Amazing! They have completely rethought the problem of inventory receiving, storage, picking and packing. With the Kiva system, all inventory is stored on special shelving and the shelves are [...]
Planning for a comeback
Most of our businesses have not escaped the impact of the recession. Some have had a severe downturn while others have had a more moderate negative effect. Regardless the current forecast of the economists that study these things is that we are coming to the end of the recession and, although recovery will be [...]
Déjà-Vu all over again
It’s déjà-vu all over again! Alterity, the company I founded 25 years ago, has just entered into an agreement with EasyBiz, the Johannesburg based distributor of QuickBooks® for Sub-Saharan Africa, to distribute our flagship wholesale distribution software offering, ACCTivate!. In the summer of 1975, I was asked to go to South Africa and introduce an earlier [...]
Turning inventory into cash: Inventory control is cash in the bank
My friend, Mike Glover, has told me many times, “Cash is cash and everything else is something else.” That may seem like an odd quote for an inventory management blog, but if you are like most inventory intensive companies, much of your cash is tied up in inventory. The good news is that with a [...]
Software for inventory control & business management
Operating a business successfully in today’s tough environment requires knowledge, tools and advantages like never before. Markets and trends change at a dizzying pace, we are bombarded with data (and most times little information), vendor performance can be erratic and customers expect things faster, better and cheaper. Where do you start? With the control, [...]
