When it comes to determining your optimum inventory level (OIL), the first thing to keep in mind is it doesn’t start with how much product you have in your showcases. In fact, there are a few things you must ascertain before you can accurately calculate your OIL.
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The first thing almost all retailers do when I show them my work is to begin scribbling on a notepad. They are crunching numbers right there on the spot. Initially, I thought it was a little strange but, in actuality, it is perfectly normal.
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Jewellery stores are handling an influx of customers, ready to purchase the perfect gift to put under the tree. With all the excitement of the holidays, plus the increased sales and foot traffic, now is definitely not the time to let your focus on in-store security falter.
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Like many people, I read online blogs and articles on general topics from which I draw inspiration and apply to my business. One in particular—“Are you cheap or are you exceptional? How to price your services”—caught my eye on Copyblogger, a site focusing on marketing and business strategies.
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The world of blogging may seem daunting at the outset, but it can be an important business tool that yields long-term results, growing your customer base and establishing your business as an authority within the industry.
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Ask a foreigner what they know about Canada and they’ll likely praise us for our maple syrup and giving the world the game of hockey. They’ll also likely offer words of comfort for the months of frigid temperatures a good deal of the country
endures every winter.
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Who will lead the family business once I am gone? What will happen to my retirement when the next generation takes over? How can I tell my daughter she just isn’t ready to lead?
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Some would argue the growth and adoption of
CAD/CAM technology is the dictionary definition of the Rogers Bell Curve. First described by Everett Rogers in the mid-1950s, the concept describes the rate of adoption of new technologies and products. And when it comes to the use of CAD today,...
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It was 18 months ago, 1:30 a.m. on a Saturday night.
I just had a design breakthrough and did a little victory lap around my studio. After my moment of glee, I flopped back into my chair and stared down at my nails, ragged from a six-day marathon at...
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The first time Jason Quick laid eyes on the Esperanza diamond, he was awestruck by the way light moved through the rough crystal. It was love at first sight, as he puts it, a once-in-a-lifetime encounter with the 8.52-carat diamond unearthed at Arkansas’ Crater of Diamonds State Park.
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