Importing goods is all about utilizing a country’s comparative advantage. Other countries outside of yours will have an advantage in producing certain goods because of lower costs, a highly-tuned...
Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow...
You would have no doubt come across the “B2B” keyword being thrown about in the course of your wholesale or distribution business. And you might have shelved the thought...
Everyone in India is talking about the upcoming GST. Lots of our customers are from India. So, we’d thought let’s help them by explaining everything about the GST! Today,...
Retailers use certain codes associated with the product to know what it is, what brand it is from, and other whereabouts associated with the store. Quick Links What is...
After consulting trading & distribution companies for years, I realised that some companies track nothing or everything. Both is equally deadly. Needless to say, not tracking is doing business...
Takt time has always been a topic of puzzlement for all the manufacturers out there. Word ‘Takt’ has German origin and it refers to the ‘Beat Time‘ in a...
Introduction Bankruptcy is a state when a company isn’t able to clear or not in a position to clear all its debts. There are many companies that declare bankruptcy...
Introduction Congratulations! So you’ve decided to dip your toes in starting a wholesale business. I’ve assumed that you’ve gotten all the regulatory and administrative stuff out of the way....
Despite the name, Black Friday strikes a different sort of fear in online and traditional retailers. In the United States, it’s probably the single most important day for retail...