The Internet’s virtual retail store are ironically invading conventional shop spaces and may soon become the primary method of shopping in the new generation. You can also start your own online store today with Internet payment facilities and sell your wares to a global audience. But before you embark on this venture, understand the facts about Internet buying to find out if this will be…
Software industry experts are predicting that supply chain management software will generate a staggering ?4billion of sales by 2010, which would make it one of the world’s most widely bought global business specialist applications. Supply chain management software has proved extremely popular over the last 30 years with businesses that operate in time and cost conscious production and distribution environments. As with most cutting-edge technologies,…
It usually starts off during New Year’s resolutions; making promises that you will spend less and save more. More often than not, however, this claim normally lasts until the January sales begin and previous spending habits then inexorably continue. Despite this, the urge to at least attempt to save money is very strong, even if many people aren’t ultimately successful in doing so. Depending on…
When it first became economic to use computers for business, companies began searching for appropriate applications. While repetitive calculations, like the ones used for payroll, were no problem to the computer, when attempting to calculate the amount of materials a company would have to buy, problems arose. Material Requirements Planning (MRP) systems, as they were known before ERP systems, had two main faults. Firstly, nobody…
In one of the ironies of the Internet age, instead of reducing companies’ dependence on people, modern technology has validated the irreplaceable need for human talent. More than ever before, experts say, an organisation’s real value resides in the willingness and ability of its people to share their collective experience, intelligence and skills. With employee costs now often exceeding 40% of corporate expenses, this new…
Business ideas come in all shapes and sizes, but it’s what you do with them that matters. If you don’t construct a solid business plan you will be laying yourself wide open to all manner of events that could upset your ambitions and goals for the future. This is especially true when it comes to the financial side of things. At the very least you…
There was once a time that equipping an office with all the essentials meant purchasing a lot of different hardware and then trying to find a suitable space for it all. With the advances in technology it’s now possible to combine your essential day-to-day business functions with just one piece of equipment. The main advantages of this are to be found in the cost and…
So you’ve decided to start your own business — congratulations! It’s a huge leap from letting someone else take care of taxes, accounting, payroll, inventory, and/or a myriad of other activities necessary to run a business. However, running your own business has its advantages, too. You get to be your own boss, set your own hours and days to work, and are responsible for your…
If you have a website with some traffic, you can make money by having links to merchants’ online shops on your site. If someone goes through your links into the shop of the merchant, and buys something, you earn commission from the sale, between 5% and 40% depending on type of merchant. Some merchants also pay for each click or each lead. A lead is…
With our economy slowing and people starting to tighten their belts, supermarkets and shopping centres are looking to new mediums in order to entice customers to purchase. While traditional mediums, such as print and TV, are still important advertising tools available to the retailer to drive consumers in store, having a prompt at the point of purchase can impact on the types of brand name…