Snap Spectacles – A Key Lesson in Demand Forecasting?

November 20, 2017

Snap – the umbrella organisation which includes the Snapchat social media platform – launched the Snap Spectacles in 2016. This was their first foray in to a hardware product, and are a type of video spectacle which can be linked to their social media platform. Yet there are some discrepancies emerging between the press releases from Snap, and what’s actually going on with the product. Read more

MIT’s Accidental Product Price Optimisation Model

October 19, 2017

Working out how to set and amend prices for products – to ensure that they are optimally balanced – has always been a tall order. It’s been a time-consuming process which hasn’t been easy to scale up to the boom of the ecommerce world. With ecommerce everything moves faster, and identifying optimal product prices using old methods is impractical and cumbersome, and will be outdated the moment it is set. Read more

Inventory Management for Small Business – 5 Helpful Tips

June 12, 2017

Inventory management is a challenge for any small business. Inventory equals cash and that cash is only accessible when the inventory is sold. The longer the cash is tied up as inventory the less work it is doing for your business. Furthermore, as inventory ages the likelihood of loss, damage and obsolescence increases, along with holding costs and working capital costs. Read more

10 Questions: How Effective is Your Inventory Management?

December 1, 2016

Inventory is a necessity in many businesses to enable service performance, but it is also one of the most significant investments many businesses make. Consequently, inventory must be managed effectively. Here we pose 10 questions that you should ask to determine how effective your inventory management really is. Read more

Logistics Planning for Startups

May 26, 2016

So you have a brilliant product, you know the target markets, you have a plan to engage those target markets, you have oodles of start-up cash, but how are you going to get your product to the market? Read more