Accountability through Inventory Control

Build Accountability through Inventory Control

Build a Culture of Accountability in Your Organization Accountability is critical to the long-term success of any business since it decreases inventory loss, boosts profitability and increases profit margins. Without accountability, your employees may not be as diligent with company assets, or even fail to follow the most carefully devised business plans. There are several […]

Inventory Management Software: What Type Does Your Business Need?

Inventory Management Software: What Type Does Your Business Need?

Inventory Management Software: What Type Does Your Business Need? What type of inventory management software does your business need?  A very important question. Since we realize that is a big decision to select the right inventory management software for your business, the TRXio team has put together a rundown that might help you. Industry Specific […]

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Warranty Management and Why it’s Important

Initially a customer support initiative, warranty management’s role is expanding. As businesses reap increased benefits from warranty management gained through product traceability, it is now an essential part of an organization’s revenue policy. More than that, it can potentially improve product quality and enhance business value through cost reduction. Let’s take a look at this […]

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Why We Make Software and Not Videos…

Well CEDIA 2015 was a huge success for TRXio.  We won some awards for our inventory tracking software, reconnected with some great friends and made some key alliances.  In the coming months we will be making the our inventory management software platform connect to even more software solutions you already use.  We are not only making […]

Inventory Turnover Ratio

Inventory Management Techniques

Inventory Management Techniques: The Rundown What are the different inventory management techniques? To properly manage operational costs and cash flow, selecting the right inventory management system is key. This is especially true for small businesses as proper inventory control is essential for growth and success. No matter what inventory management tool is used, the goals include […]

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Three Tips for Better Inventory Management

Inventory Management Inventory management can make or break your business. Even though many business owners and managers find it complicated and confusing, following the fundamental principles of good inventory management can result in significant bottom-line savings. There are two fundamental principles of inventory management: You must have enough stock to meet market demands It must […]

Inventory Control

Best Business Practices for Small Businesses

To run your small business, must take care of even the smallest of details. This applies to every aspect, from hiring the right candidates and retaining employees to focusing on customer service and utilizing technology to manage projects better. The goal is to stay disciplined when making business decisions. As most business experts say, it’s […]

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Cycle Counting: Advantages and Best Practices

Small entrepreneurs faced with limited resources can find various aspects of running a business challenging. Managing inventory manually and checking for inaccuracies can be an extremely time consuming task. While there are technology tools to help you manage inventory, including TRXio, it is also important to implement an in-house system of manual, physical stock counting. […]

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Inventory Management Helps with the Decline Stage

Whether due to spoilage, shifting marketplace trends, or advancements in technology, there comes a time in every product’s life when it hits the decline stage. In a product’s life cycle, the decline stage is defined as the period when sales or demand starts to level off or decrease. When a product has reached its shelf-life, […]

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Manage Inventory Like a Boss

Any business with inventory should carefully consider its value, how it is managed, and what impact it has on their bottom line. This requires strict monitoring and control of what comes in and goes out on a weekly or even a daily basis. In addition, it requires solid process management, software and accountability. However, this […]

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What is Inventory Control?

Inventory Control In a service driven world, not every business has inventory. However, in the integration space, where we deal with products and equipment, most do. Inventory control is much easier for those who are only selling a few products. For those with a larger number of items to sell, manual inventory is simply out […]

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Choosing A Data Driven Business = Profitability

Data sets, both big and small, are vital for answering critical questions and developing business strategies. Data offers the insights which help organizations analyze the market, and their position within it, to form better and more informed strategies and run profitably. For many small businesses, turning a blind eye to the details is much easier […]

Profit - Business Concept. Golden Compass Needle on a Black Field Pointing to the Word "Profit".

Tracking Your Progress to Profitability

Do you believe that revenue is the most important metric on a company’s financial statements? If so, you aren’t alone. For most companies, that belief is so strong that all of their focus is placed on increasing revenue. They believe that revenue can fix all business problems. Unfortunately, many businesses also struggle with problems that […]

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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 […]

Does QuickBooks Work for Inventory Management Software?

Does QuickBooks Work for Inventory Management Software?

Can QuickBooks Track Inventory? In short, QuickBooks is Great for Accounting but Terrible for Inventory Management Software Every business is looking for the perfect CRM, ERP, Project, and Accounting tool rolled into one easy solution that will meet their needs and the needs of their customers. Is there a product on the market today that […]

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Why Customers Stick with Their Software Provider

100% customer retention – it seems like a lofty goal, and you may be wondering if it is even possible to achieve in today’s competitive business world. This past year, PTI Print has had the privilege of retaining all of their customers for their produce label tracking and printing software, proving that the elusive 100% […]

The Details in the Data and What You Cannot See

Among many project managers and executives, the feeling of having things under control is common: they are well aware of all the moving parts and pieces and they can keep a track of the deadlines. That is, until something gets missed. It happens all the time. Especially for small businesses that rely somewhat heavily on […]

Building a Culture of Accountability

Successful corporate teams cannot exist without a certain level of accountability. How can you build a culture of accountability? While guaranteed performance and work accountability go hand-in-hand, accountability begins with the understanding of the basics and how we move ahead with concepts, verbal communications, and activities gaining a full understanding of our role in the […]