Every modern organization of today recognizes the importance of an efficient inventory management, especially the big players in supply chain management such as Wal-Mart. With extensive use of information technology in each and every corner of our lives, inventory management is also under the influence of the IT revolution. Many FMCG’s and supply chain companies use advanced inventory management strategies that involve the use of highly advanced technology and software. Have a look at some of modern techniques of inventory management:JIT (JUST IN TIME)Originally used by Japanese automobile giant Toyota for optimizing their production process while reducing inventory. JIT is one [...]
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Credit cards have become the norm. Customers of today shop all the time with their credit cards than cash. Similarly, each business collects payment through credit card machine to ensure good cash flow. Looking at the changing retail world, many POS manufacturers have also come up with mobile based credit card readers. This results in making the whole process more accessible. Mobile credit card readers are designed to plug into any device like smartphone or tablet. By swiping cards through credit card readers, now Entrepreneurs can collect payments on the go. This seems really beneficial for small business owners [...]
Why get a mobile credit card processing system when you have a POS system Mobile payments can now easily made by customers as compared to before. Now customers do not necessarily have to make payments at the cash to complete the payment process. This new innovation in technology can really help increase the profit margins in a retail store. Moreover, mobile payments are much easier to use and they can track the sales, evaluate performance and a lot more. Setting it up is complicated and difficult The setting up process of credit card processing is simply by downloading the vendor’s [...]