Published on: 03 August 2018
Last Updated on: 08 August 2019
Stock trading is often associated with the popular mindset either with retail investors who dabble in trading on the side or financial services providers such as hedge funds. However, there’s a whole world of people and organizations out there that benefit from stock trading, and they’re not limited to these categories. Businesses that aren’t involved in trading financial instruments as their main source of income can also benefit from stock trading, and it’s actually a wise move for most people. Here, then, is how a business can enter the stock market and provide a sustainable second income stream for itself.
Keep on top of developments :
Running a business is a busy task: from hiring new staff to restocking the printer, there’s plenty to be thinking about. If you don’t have someone managing your business stock trades for you all of the time, then it’s definitely worth investing in a service that can help you monitor the markets and flag up any new stock opportunities that may be of interest, as well as any key market events such as data releases that could impact their value. Stock tips every week from an information provider are sensible, and it could mean the difference between a vibrant and profitable portfolio and a less successful one.
Work with a broker :
Buying stocks as a business will most likely require the assistance of a broker. This is by far the most sensible option to take as it means that you’re less likely to run the risk of getting ripped off or investing in a stock that turns out to be a dud. You may be under the impression that only individuals can sign up for brokers like these – but that’s not the case.
Many major brokerages make this process very simple: the online interfaces of most such companies allow you to specify your company as the buyer, and you can pick from corporation, limited partnership, limited liability company (LLC) and more. If you’re an LLC or a similar organization, then your operating agreement or constitution should probably specify who in the company has the authority to buy shares using company funds.
Get your goals right :
The main strategic job that you’ll have to do is work out what you want to achieve with your company investment. Perhaps you’ve got a lot of cash tied up in your company and simply want a better return than the bank, or maybe you’re hoping to build a larger income stream to fund a new branch or venture. Once you’ve got that settled, you’ll be able to instruct your broker to develop a risk profile for your firm and find stocks that match your requirements.
It’s not just individuals who have the ability to sign up for brokers and buy stocks but also businesses. By keeping on top of stock market developments and having a range of fixed goals, you can raise the chances that your company stock trading experience is a smooth and ultimately profitable one.
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Sales growth in e-commerce is good. But as the business expands, it becomes increasingly difficult for warehouse managers to track large volumes of goods.
Products can get lost, deteriorate or, conversely, take up extra space. In order to restore order and have time to respond to customer requests on demand, warehouses turn to IoT devices.
Let's look at how the Internet of Things simplifies inventory control and revolutionizes warehouse management.
Inventory management means coordinating and controlling the movement of goods in a warehouse:
getting new products;
their movements around the warehouse;
storage of products;
return of units;
SKU extension;
checking the rack code and so on.
It is often impossible to fit such volumes of information into spreadsheets, besides it is not very convenient. Therefore, enterprises buy IoT solutions for warehouse management in order to work efficiently.
IoT solutions for enterprises
IoT devices automate warehouse processes and reduce labor costs.
This can be done by implementing the following technologies:
Drones
It is not easy to move around a large warehouse to describe the location of goods and climb the stairs to high shelves. In addition, it takes a lot of time to search.
Amazon has long had an army of 200,000 robots working in warehouses with humans for better drone management delivery systems. They saved people from having to walk 10-20 miles a day on a concrete floor and helped the company store 40% more inventory. They also increased the average productivity of the assembler to 100 units per day, and managers plan to increase these figures by 3-4 times.
Robots
Industry and warehouses are priority places where global robotization is unfolding. According to recent reports, the warehouse robotics market is steadily growing by 15.26% per year and will reach $9.5 million by 2026.
Amazon has long had an army of 200,000 robots working in warehouses with humans. They saved people from having to walk 10-20 miles a day on a concrete floor and helped the company store 40% more inventory. They also increased the average productivity of the assembler to 100 units per day, and managers plan to increase these figures by 3-4 times.
Radio frequency identification tags
Radio Frequency Identification (RFID) tags can be embedded in IoT devices. These tags store much more data than traditional barcodes. They can be used to scan up to 200 tags at a time.
The received inventory information is stored in the cloud platform, automatically processed, and analyzed. The expiration date, serial numbers, sizes, manufacturers, and other product information do not need to be entered manually on the panel.
Voice selection systems
Warehouse workers can use IoT devices to increase the efficiency of operations. For example, voice systems allow you to work without the help of hands, giving instructions and directing workers through their list of orders.
Sensors
Connected devices are able to track the productivity of warehouse workers using speed, motion, and GPS sensors. Managers also better control the goods in the warehouse by measuring humidity, temperature, and other characteristics that can spoil the products.
DHL has implemented similar innovations in its warehouses. The company uses smart glasses, robots, drones, a digital twin, and other technologies. The IoT increases warehouse security, tracks the location of goods, and predicts weather changes and possible equipment failures or breakdowns. Up to the point that the warehousing of goods begins 30 minutes after receipt, and outgoing goods are ready for shipment in 95 minutes.
Problems that IoT solves
The main problem of warehouse management is manual work. Working with their hands, employees perform operations more slowly, with a higher probability of errors and damage to inventory. IoT solutions for enterprises simplify the following management and work tasks:
Product search
Imagine that the manager has a warehouse of several floors at his/her disposal. How to track where a particular product is located? Or how to avoid a situation when an employee wants to pick up a product from the right place, but it is not there?
You will have to spend time correcting errors and searching for the goods, which will delay the shipment. To avoid such problems, it is worth using IoT and the best warehouse management system, which automates registration and data tracking.
Movement of goods
Any movement of the goods must be recorded by the manager. At the same time, he/she needs to know how many units are arriving and how many are leaving. It's hard to keep track of the exact numbers, but with IoT solutions for business, it becomes easier.
Thus, reporting will not be such a difficult task. In addition, connected device analytics will tell you which products will increase demand in the near future.
Use of storage areas
In the warehouse business, it is important not only to accept goods but also to place them efficiently. Then it will be convenient for employees to pick up goods from the shelves, and they will do their job without delay. If you configure the storage system manually, you can repeatedly make mistakes and redo the layout. With IoT, this is done quickly and with minimal effort.
Warehouse equipment maintenance
Any equipment breakdown can lead to downtime, which distributors do not like. IoT devices for enterprises are able to monitor the status of equipment and warn about possible failures. Thus, managers will be able to prepare spare equipment in advance, avoid downtime, save money, and preserve their reputation.
Storage of goods
It is extremely important that during the storage period in the warehouse and during its delivery to consumers, the goods do not deteriorate. According to the latest data, about 11% of products die during transportation due to the fact that managers did not provide proper conditions for their storage.
It is necessary to maintain the desired temperature and humidity so that the product can be brought to the endpoint and sold. IoT devices are able to control environmental parameters, saving goods from deterioration.
Advantages of using IoT
And now let's take a deeper look at the advantages of the Internet of Things, supporting them with figures.
Saving on salaries
An average warehouse with a hundred employees can allocate about $3.7 million a year for wages. This amount is approximately 65% of the operating budget.
With the help of the IoT, employees sort goods on shelves faster, in addition, they search for goods, check equipment and perform other tasks more efficiently. Automation brings great money savings.
Better use of the warehouse
The average warehouse area is 16,400 feet. This is a huge space where you need to conveniently and appropriately arrange products. However, overloading and improper distribution of goods can lead to traffic jams and delays on the roads.
You have to move inventory or take it out, which takes time and labor.
With the help of the IoT, you can place more goods in the same area, so that it is convenient to find empty seats and later fill them with new goods. Automated storage and search systems are able to increase the accuracy of orders by up to 99%.
Taking into account the fact that rents are growing and will not stop growing in the future, rational use of space is a matter of saving and making a profit.
Information support
The number of goods is growing, and slow goods are taking the place of strategically important products. Less relevant products stay in stock longer and require placement, which increases the rental cost.
Not all warehouses have an adequate information support system. In other words, managers have no idea what the supply and demand in the market are. IoT analytics provides information about the state of the market so that managers can rationally manage purchases and plan other operations based on inventory.
IoT devices for enterprises give managers the opportunity to cover large warehouse work, put it in order, automate, and speed up.
Andersen will help implement the warehouse management system software and automate important operations. If you are ready to save time and resources with the help of new digital technologies, contact our team for a private consultation.
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labelling trends undoubtedly have an impact on the effectiveness of your product and how attractive it looks to your target audience. The label often displays relevant information about your product, but it will usually contain images and other details as well. Paying attention to the design of your label is just part and parcel of making sure that your product is a veritable hit. With the proper label, your product will be flying off the shelves before you know it. But when it comes to product labels, you have to bear in mind that there are certain elements which have proven effective time and again – and there are certain trends which may help your product sell as well. So, what are these labelling trends? Here’s your all-important guide to the best labelling trends of 2019.
Simple and bold
The bold and straightforward look has never really left the labelling arena, and for many good reasons. It’s a basic design that has proven its worth through the years, and it seems that it’s at the forefront amongst even more products today. The key in this kind of design is minimalism – the use of elements which can elevate your product and give a clear description of what your product is all about. Not many shoppers today have time to read through a ton of details, so it’s best to give them the essentials at a glance. A clean, simple, and bold label will usually make a big difference.
Customised letters
Another noteworthy trend in labelling today is customised letters. Designers simply love customised letters, and this will certainly give your label a more organic look and effect. For instance, you can take advantage of 'imperfections' such as irregular lines or natural fills that can make your product get the right attention from customers. The 'non-digital' appeal is strong these days, and it can definitely give your product an edge.
Colours are your best ally
As you may already know, colour can certainly add depth to your product label and can evoke specific emotions in your audience and influence their decision to buy your product. Because of this, colours have always played a significant role in regard to label design, a fact that contract labelling experts like Atwell Labellers know all too well. More designers today are experimenting with their use of colours in many different ways, and you can often see bright and vibrant colours on various shelves. In particular, you can use colours to differentiate between numerous variations within the range or selection of a particular product. Oftentimes, shoppers will not remember the product’s name or its number, but they will usually remember its colour. Words are simply not enough; you need colours to be your best ally as well.
The repetition of patterns
Another on-point trend today is the repetition of patterns. For example, you can repeat a particular motif that captures your brand's essence; this allows you to convey a much stronger message to your customers as well. It doesn't really matter if you choose a playful pattern, a more serious pattern, or a bold pattern – as long as you can repeat it, you should be able to have a stronger identity for your product, helping your customers more easily remember your product and have a better connection with it.
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As businesses expand their ability to grow, customer retention, and stay competitive, outsourcing has become an increasingly popular solution. Outsourcing can help companies focus on their core strengths and reduce costs, which ultimately results in better customer experiences.
However, outsourcing is only effective when it's done properly. Maximizing customer retention and loyalty through outsourcing requires a strategic approach that puts the customer first. In this article, we'll explore six strategies for achieving this goal
Research The Right Outsourcing Partner
Choosing the right outsourcing partner can be the difference between success and failure throughout customer life cycle stages. When selecting a partner, it's important to consider factors such as experience, expertise, certifications, quality of service, and cultural fit.
A partner that understands your customers' needs and values can deliver better results. Look for a provider who has a proven track record with references from current and past clients.
Create Consistency In Your Branding While Customer Retention
One of the key factors in building loyalty is consistent branding. In today's world, consistency extends beyond logos and colors – it encompasses messaging, tone, and channel strategy. Building loyalty means giving your customers something to believe in and messaging that resonates with them.
Ensure that your messaging aligns with your brand values and that the tone is consistent across all channels, including outsourced customer service.
Implement Automated Communication Tactics
Automation is a powerful tool for keeping customers informed and engaged. Chatbots can provide quick and friendly responses to frequently asked questions. Automated emails can update customers on their order status, alert them to special offers, and more.
Text messages can be used to offer exclusive deals to your most loyal customers. Implementing these tactics can greatly improve customer retention, and your outsourcing partner can manage them.
Monitor Social Media Platforms
Social media platforms are an essential tool for engaging with customers, but monitoring can be overwhelming. Outsourcing providers can manage your social media accounts, including responding to customer feedback, complaints, and concerns.
With 73% of customers using social media for quick responses from businesses, outsourcing can ensure that you’re engaging with your customers in real-time.
Utilize Loyalty Rewards Programs
Loyalty reward programs can be incredibly effective in driving customer retention and loyalty. By offering discounts, exclusive content, or early access to products, companies can boost customer engagement while rewarding loyalty.
Your outsourcing partners can manage loyalty programs, providing an added value to their service, and delivering meaningful insights for improving customer retention and satisfaction.
Analyze Customer Data
Data analysis is crucial in understanding customer behavior and preferences. Through data analysis, companies can tailor their products and services to meet customer needs and preferences.
Outsourcing partners can gather and analyze customer data, such as customer feedback, surveys, and online reviews, to provide actionable insights for improving the customer experience.
Conclusion
Outsourcing is a cost-effective way to increase efficiency, but it's also an opportunity to improve customer retention and loyalty. Through careful planning, communication, and execution, outsourcing can help your business grow and succeed.
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