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Income improving inventory management ; The importance and advantages of inventory management.

                      "The world revolves around the inventory of the Universe"   It is being said that the best business houses are run by the best inventory management.   Much of the business profit depends on the inventory we maintain. According to statistics,  in the present business scenario,   Inventory Management and optimization have become the leading profit contributors. It is of general opinion among the business community that inventory management is nothing other than maintaining the numbers of incoming stock and outgoing stock.   43% of the retailers say that the biggest and  No.1 challenge they face in their day to day business affairs is the inventory management.  Even though we are concerned here with the inventory maintenance of finished products ready for market sales, there are many more important benefits we shall be deriving out of by maintaining a good inventory. Let us list out the benefit we drive out of maintaining a well-managed inve

Emotions emulating e-commerce. A overview of the e-commerce future.

Going shopping;  Get the e-commerce popping; Whether you be on the air or in the sea or on the road, shopping is - a la mode; Get your products by drone dropping, When VR and AR*  rules  the future e-commerce shopping.                                        (*VR - Virtual Reality, AR - Augmented Reality) Date: 12th August 2030  (Monday) International Youth Day (by UNO) Mr Future started his day by hearing the wakeup call from the Chatbot Alexa.  He had his bath and started to prepare the morning coffee with milk. He remembered that the coffee granules and milk have exhausted.   He walked to the front door of the house and opened,  to find the Milk bottle and a carton of coffee granules waiting to be picked up. (ordered by his fridge through the Internet of Things (IoT) and dropped at his doorstep by the online market, delivery DRONE). This day is special to Mr Future since it is his fiance Miss Reality's birthday.  He has to present her some

HOW TO PREPARE FOR THE HOLIDAY SEASON MEGA SALES

"They say,  it is a year-end sale. But the mega sale will never end with the year-end; It goes round and round all year round."                                                                                          - Inian P K                                            It is holiday season and the mega sales advertisements have started their showcasing around the world. Whether it is an online market SALE or Brick and Mortar Stores SALE,  the buyers are surrounded and saturated with the advertisements by the different sellers.  In this scenario,  let us present to you, how to stand out of the crowded markets mega sales to achieve the maximum out of the chaotic SALE ambient.  In this article, we would like to bring out the easy ways to reach the targeted goal. The statistics say 2018 holiday season sale has a growth rate of 15% than the previous year.  The growth rate is on the steep upward curve comparing the last five years. It is worth taking ad

It is raining Bits and Bytes ; Cloud computing for the Online Sellers.

In the past ' It is raining cats and dogs', In the present 'It is raining Bits and Bytes'. Nova's Ark saved the world from the lashing rain, Data's Arch (Architecture) shapes the world from the DATA rain. But when I see them both from the clouds,  I wonder at the visible and the invisible and conclude that is our World's Future.                                                                                        - Poem by Inian P K 'It is raining Bits and Bytes' - This is the present day phrase.  The modern world's atmosphere transformed into Datasphere with 2.5 Quintillion Bytes (2,500,000 Terabytes)  of data created and shunted into the clouds every day.    Being flooded with Bits and Bytes of data rain, all twenty-four hours of 365 days of the year,  today's world never sleeps. source:  https://www.seagate.com/files/www-content/our-story/trends/files/Seagate-WP- DataAge2025-March-2017.pdf The techno

A TRANSMIGRATING JOURNEY FROM BARTER TO ONLINE PAYMENT; DETAILED METHODS OF ONLINE PAYMENT

The end product of a sale  is payment.                                                      - Inian P K Right from the creation of the world and the human,  bartering in exchange for the needs has become a requisite in the lifestyle of the universe. Dating back from 6000 BC t he methods of payments changed from barter to shells and to the precious stones, to the gold to the coins and later from currency to the banking instruments and a further change to the plastics cards and lastly to the present day trend of electronic payments through the internet. The creation of historical silk route by the Europeans to make the trade with China for the trendy silk clothes and the movement of spices by sea from India to Europe has created a bridge between the eastern world with the west.  Most importantly this movement has led to the discovery of America by the Spaniard Colombus.    Because of the huge cry over the Balance of Payments of the countries, until today, barteri

How to make attractive banners for the online shops; DIY elegant banners.

We attract, We satisfy, We decorate and make a sale; We touch the sentiment and we bring the smile; We are the be all and end all , We the BANNERS of the World as a Mall.                                          - Poem by Magic Inian It is US$.10000/-!! This is the amount AT&T paid to Hotwired.com web magazine to bring out the world's first web banner advertisement and history has been created on 27th October 1994. That curiosity - YOU WILL, has brought out of the Hotwired.com readers, has resulted in 1,560,000 clicks (78%) out of the 2 million US online population to click on the banner. It took a while to load the landing page since those were the days where the internet browsing speed was 24.4 kps, pushing out the data on a thin wired dial-up connection.  From this simple psychedelic coloured banner, the banner industry has grown by leaps and bounds.    In the United States of America alone it is projected that the spending on the online b

THREE STEPS TO GLOBAL ONLINE SELLING: BE IN LOCAL; GO ON GLOBAL

THIRAIKADAL ODIYUM  THIRAVIYAM THEDU EARN YOUR FORTUNE EVEN  BY  CROSSING THE SEAS - - An old Tamil Sage by Poet Avvaiyar   This old Tamil adage is one hundred per cent true to its saying in this twenty-first century. The present-day Nano-technological breakthrough has shrunk the world marketplace into a small ball of a local market. The projection by the statisticians is that by the year 2020 the e-commerce B to C spending shall be around 4,878 Billion and cross-border e-commerce sales shall be around 627 billion - 20% of the total e-commerce sales. It is projected in the year 2020, in the Asia Pacific region alone the total increase in the cross-border sales shall be around 476 billion out of 1525 billion, 31% of the total sales. Taking into account, the huge amount of sales figure projection by worlds leading companies and the statisticians, it will be a safe deal for the online sellers to start their focus on the global online selling. STEP 1. PLA

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