Recent Posts
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Guides Inventory Management
What is consignment? Definition, Strategies & Advantages
In the retail world, the consignment model has gained notable popularity. This model aligns with the growing demand for sustainable and affordable shopping options. Consignment is changing how we think about retail, from stylish fashion stores to your local thrift shops. It is a crucial strategy for anyone looking to make…
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Guides Inventory Management
What is cycle counting? A 2024 guide
Any business that handles inventory knows the challenge of ensuring its physical stock matches its records. Discrepancies often arise from inaccurate records, poor inventory management, or inconsistent warehouse practices. To address this issue, many turn to cycle counting, a preferred method for maintaining accurate stock levels. What is cycle counting?…
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Guides Inventory Management
ABC analysis in inventory management
Managing inventory effectively is crucial for any business aiming to meet customer demands without the pitfalls of overstocking or understocking. Enter ABC analysis, a strategic approach leveraging the Pareto principle's insightful 80/20 rule: Typically, 20% of your stock generates 80% of sales. By following this guide, you will learn how…
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Guides Accounting
Safaricom M-PESA integration with Zoho Books: Definition, meaning, and uses
Getting invoices paid on time is important for businesses. It keeps the money coming in regularly, which is key for financial prudence and to ensure your business operations run smoothly. For businesses in Kenya, Zoho Books offers an integration with M-PESA to simplify the process of receiving payments from your…
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Expense Management Guides
A handy guide to crafting the right per diem management policy
Per diem, a Latin phrase meaning "by the day," refers to daily allowances given to employees traveling for business purposes. While that sounds like a simple concept, it is far from it. The per diem rate decided by an organization is based on numerous criteria such as government regulations, destination…
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Expense Management Guides
What is an employee expense? Definition, types, and categories.
Expenses incurred by an employee to carry out business-related activities or towards fulfilling their designated roles are categorized as employee expenses. Employees may incur expenses for purchasing office supplies, booking business travel, or booking accommodations. These expenses incurred by employees are either reimbursed by the company or paid for by…
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Guides Inventory Management
Efficient warehouse labeling: Your step-by-step practical guide
Imagine slashing your warehouse errors by a whopping 39% with just one simple tweak. In the high-stakes world of ecommerce logistics, precision isn't just a goal; it's your lifeline. Every tiny detail matters—and that's where the magic of advanced warehouse labeling comes in. In a warehouse, a tiny mistake can…
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E-Books Expense Management
A comprehensive guide to choosing the best travel management software for your company
Businesses across the globe are looking to serve an international audience thanks to rapidly evolving technological advances. Whether it is a global enterprise or a small-scale startup, businesses of all sizes can now fulfill orders around the world. This global economy enables business stability and helps companies scale faster and…
1 mins read