Lot Tracking: Top 3 Excuses

Food distributors, and companies distributing pharmaceutical, medical and other consumable supplies that may be subject to regulatory recall all know the importance of lot tracking. So why do so many of them neglect this key aspect of their business? Implementing a lot tracking system requires an investment in time and money, and perhaps a surgical approach to … Read more

Inventory Replenishment – 3 Common Mistakes

The amount of information available on the Internet on Inventory Management, and specifically purchasing / replenishment / procurement, is quite staggering. One would think that, with so much advice and so many tools at our fingertips, we’d all be doing a much better job of purchase planning and management of inventory levels than, say, 10 … Read more

Accounting Primer – Deferred Revenue

If you collect money from your customers before you’ve finished delivering the products and / or services covered by the payment, at what point have you actually earned the cash? The accounting or bookkeeping staff at many small and medium-sized businesses (SMB) are not sure how to account for these appropriately, and frequently simply recognize … Read more