Many small business accounting departments still use manual data entry to input orders and inventory into spreadsheet programs or accounting software. But relying upon this technique is a detriment to financial health on several levels. In fact, lost data or incorrect data can cost businesses hundreds, thousands, or even millions of dollars in the long run.
Lean manufacturing — or the process of eliminating unnecessary waste and increasing productivity — is a tool that manufacturers wishing to be at the forefront of competition in the coming years must have to be successful. Fine-tuning workflows at all levels of business, from operations to human resources, is a critical aspect of improving company agility and the ability to rise above. Fortunately, new resources have provided a plethora of tools to assist manufacturers in optimizing their business processes, such as:
Manual data and analog tools — those were the processes most utilities used to conduct their daily operations. Today, utilities are embracing a digital transformation by turning to automated data management tools to increase productivity and efficiency across business processes. By adopting digital strategies, utilities can improve the customer experience and surge ahead of their competition in a hypercompetitive marketplace.
Last year was a tough year for gamblers — and casino owners — as social distancing, mask mandates, and other health and safety precautions took their toll. In fact, revenues in the gaming industry dropped a whopping 25.2% in an incredible decline from 2019 to 2020.
During the coronavirus epidemic, the nation’s healthcare workers went into overdrive to care for their regular patients plus those needing special assistance battling the virus. The trend toward overwork is continuing, however, putting many physicians and their staff at risk of burnout.
With over $900 billion in revenue generated every year, the commercial printing business is a lucrative industry. Technology is leading the way to increased profit margins, helping commercial printers expand revenues by 20% over the last five years. Added to that is the growing popularity of digital printing, which is increasing by 10% annually.
Nothing proved the need for cybersecurity best practices in the supply chain lifecycle more than last year’s coronavirus pandemic. Malicious actors around the globe took advantage of the disruption to launch ever more pervasive attacks at industries across the board. Supply chain attacks, or when hackers put malicious code or components into a trusted product to hijack systems along the distribution chain, are increasingly common.
Energy and utility companies seem to have a target on their backs when it comes to cybersecurity. Hackers are financially motivated, and with more of these companies paying ransoms for stolen data, hackers are becoming bolder — and more demanding.
Signage is everywhere — from the roadside to the sidewalk. As one of the oldest forms of marketing, signage is an effective way for hospitality-related businesses to capture customer attention and provide important information that will make their stay more delightful. In the hospitality industry, signs can be used to convey your brand’s values and messaging and give customers an idea of what they should expect from a stay in your establishment.