So many businesses are faced with a number of challenges, some get through them while some others are setback and possibly come crashing down because of these mistakes. Sometimes these mistakes are overlooked, believing that it is not an issue until it grows to become a major challenge. Some of them are discussed below; A […]
We live in an age often called the information age or digital age, where there is a rapid shift from the conventional or traditional industry to an economy founded upon information technology. Everything we do is gradually becoming computerised. This digital era has slowly changed our approach towards marketing, but this has been often times, […]
Excess inventory is a term in inventory management that arises basically from poor management of the general life-cycle stages of a product or its stock demand. Excess inventory can as be referred to as overstock, excessive stock or excess2sell. Having excess inventory generally places a lot of strain on the organisational resources in trying to […]
