Monitoring performance is a critical aspect of sales management. By making data more centralized and accessible, sales dashboards make the process efficient and effective. There are numerous types of dashboards, each focusing on different metrics integral to the sales process. In this article, we explore six sales performance dashboard examples that can help your business…
Web hosting is a service that provides server space to make your website available to the internet. Understanding how web hosting works and the different types of plans and providers to choose from can be complicated. To make it easier for you, below we’ve included an overview of how it works and what you need…
Third-party order fulfillment companies charge retailers a monthly set of fees based on the services used to fulfill their orders. As a retailer, the total cost owed to your partner fulfillment company mostly breaks down into four fees: inventory receiving, storage, pick and pack, and outbound shipping. The periodic cost of each of these processes…
“Tip out” is a restaurant practice where staff members who collect tips distribute a portion of those tips to their co-workers.
Tip out is the term restaurant workers use to describe the act of distributing tips from one tipped employee to another. It is a necessary part of restaurant operations because only some tipped workers can process payments and, thereby, collect the tips. In a tip-out arrangement, servers and bartenders generally collect the tips and distribute…
A purchase order (PO) is a document that you (the buyer) send to suppliers when ordering goods. The PO contains essential order information like product type, quantity, and agreed price. POs serve as the basis for fulfilling the order from the supplier’s perspective and inspecting the goods delivered from the buyer’s perspective. It’s useful for…
PayPal is one of the first and most trusted names in online payment solutions, offered by many businesses as a fast and easy payment method on their websites to encourage sales. Small business owners love PayPal because it offers easy setup and free software. In fact, PayPal often makes our list of best merchant services…
A stock-keeping unit (SKU) is an alphanumeric code that identifies a product and helps you track inventory for your retail business. The information your SKU includes is completely up to you—distinguishing it from a universal product code (UPC), a standardized 12-digit code manufacturers use to identify products. Depending on the type of inventory, your SKU…
Lenders use the uniform commercial code (UCC), a set of rules governing commercial transactions, to hold assets as collateral on loans and factoring contracts. Lenders register a UCC filing with the secretary of state in the state where a business owner is organized. A UCC filing holds a single asset or a group of assets…
