Product traceability

Traceability: Reduces Loss and Improves Profitability

Why is Traceability Important? Companies are constantly looking for opportunities to increase profit per order. What is the most efficient way to do this? Product traceability allows organizations to accurately track and monitor their inventory and business functions throughout their supply chains. Item-Level Traceability Helps Identify Loss CEDIA, the international trade association and central touchpoint for […]

Inventory Control

Inventory Control = More Profitability in 2019

Happy New Year from TRXio! What is the fastest way to a more profitable 2019? The answer is simple. Inventory control. Multiple studies have revealed that regardless of industry, businesses lose or misplace 6% to 10% of their inventory each year, which greatly impacts profitability.  TRXio makes it easy to track, monitor and audit inventory in real-time, […]

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Every Percentage Can Impact Your Bottom Line

When it comes to discounting prices or increasing costs by a couple of percent, many companies don’t really baulk. Most businesses, especially highly profitable ones, tend to just go with the flow on those kinds of things. We’ve often hear, “No biggie – we will give them a 5 percent discount,” or we’ve been told […]