Tag Archives: time

Real Time Inventory Management

Real Time Inventory Management

A lot has been said about inventory management, but it still isn’t complete without a discussion on real time inventory management.

 

Inventory is often proclaimed to be a necessary evil especially in the retail business. Who would want to risk a customer loss arising out of product shortage? If they want it, you ought to have enough to sell. But the classic question has always been regarding how much is enough.

 

To understand its implications, the very first realization that one ought to have is that inventory costs are not only those that you see in everyday life. They extend much beyond the everyday costs in the form of additional money that you need to put in to keep the business running. Inventory is the number one cash eater.

 

What Is Real Time Inventory Management?

Real Time Inventory Management basically means managing inventory as and when it depletes. A large part of this strategy depends on technology, which is why its initial cost scares some skeptics.

 

The technology involved is basically RFID chips and barcodes. They keep a track of all of the inventory that is coming in and out of the store. The benefits of being able to do so can be many. All you need to do is to ensure that you get a few things in place. You will need to know:

  -How many units do I order? -How much time does the supplier need to fulfill this order? -What point am I going to order?

 

Most retailers order in a time bound manner. They always seem to have enough of what is not in demand in the market.

 

It is important to understand the value real time information adds to a supply chain. You are not forecasting anything or relying on any guesses.

Rather, you are reading the mind of the market and acting accordingly. At the same time apart from inventory costs you would cut down on a lot of storage and administrative costs also since you wouldn’t need a huge warehouse or a stock clerk.

 

How It Works

Reduces fixed costs: Fixed costs are a burden on a retailer’s shoulder. They drain profits. With the help of a real time inventory management system, you can bring them down to the minimal level. You could make your organization much leaner by virtually eliminating the purchase department. They won’t need to forecast the demand or place orders. All you need to have your suppliers ready; the system will do the rest. Also, since it is largely automated, the chances of error are much less. Machines are not as forgetful as humans are.

 

It is not uncommon to be stuck with products that your customers no longer want. Demands change faster than you can imagine. Now imagine selling multiple variants of multiple products, you are bound to be left stuck with some unsold inventory. With real time inventory management, you can gauge the pulse of the market by keeping a track of what is sold and when it needs to be ordered, thereby reducing these costs to a bare minimum.

 

Eliminates Stock Outs: Stock outs and shortages are results of errors in forecasting demand. While most of the earlier discussion was about reforming the methods of forecasting, real time inventory management has bought a new perspective. It eliminates the need to forecast and thereby eliminates all the errors associated with it. If the demand runs fast, so does you’re ordering cycle. This is called flexibility of the supply chain.

 

Improves Customer Relations: A recent study has exposed that there are some “Universal Customer Expectations” that the customer expects from every seller they deal with. These are maximum choice, maximum value at lowest price. With the help of real time inventory management, you can easily offer all three.

 

Simplifies Work Processes: Real time inventory management significantly reduces the error rate. Since a lot of work is automated, there is less chance of error. Moreover all your processes run on facts rather than on forecasted projections.

 

How to Choose?

There are many options available in the market today. Each business is different and therefore by extension the inventory needs of each of them are also unique. Real time inventory management helps any business.

 

Modularity: It is essential that the real time inventory management solution that you look out for is modular. Modularity basically means the ability to choose the specific features that you may desire rather than taking the whole package.

 

Modularity is so important because these inventory management systems are means to serve the interests of many organizations that have diverse business interests. You may not require half of their solution but the other half maybe invaluable to you. So modularity allows you to choose the solution that you think is best.

 

Ease of Implementation: Inventory management systems are easier to procure than to implement. A lot of these systems are complex and require training the staff, or sometimes you may have to hire new staff skilled enough to take care of this. So, the choice is, whether the system will save you enough money to offset the increased training costs and still be valuable. Do not forget to consider the time value of money.

 

Integration: The ability to measure the changes gives the manager the knowledge of what’s working and what is not, and it is this ability which must be harnessed to evaluate the efficiency of the inventory management system.

 

So it is essential that the system integrates with accounting, human resources and other such systems, which are generally used in an organization.

 

A very common mistake is to draw inventory reports from the new system and continue with financials and other reports in the previous way. This gives an inaccurate position of how effectively the materials, staff, money and other resources are employed.

 

In the End

Big businesses and small businesses generally have an efficiency gap between them with the bigger players being better. It is imperative that a small business grows and thrives by adapting to gain a competitive edge over smaller competitors.

 

Real time inventory management is still a relatively unknown commodity. So unleash the potential of this powerful tool and gain competitive advantage.

http://inventory.ezinemark.com/real-time-inventory-management-16abec6ab23.html

Top CRM Software

Top CRM Software – How to Spot it

There is always a search for top CRM software. And the search has got only even more fanatical, what with the increase in competition from all sides in the industry. With so many companies claiming to offer top CRM software, the consumer, though has rich choice, is confounded by the increasing number of options that he finds in the market for CRM. The best way to liberate the mind of the uncertainties and to have clarity in choice is to be informed about the technology, and to know what makes for top CRM software – knowledge helps in informed decisions which would invariably be better than any conjecture.

Whatever your business may be, there are some considerations that need to be taken into account when choosing among the various options available in the market for CRM systems. One of the first considerations that you need to have in mind when deciding on top CRM software is simplicity. While any amount of complication could be made out of software and while any amount of sophistication is possible out of technology, you would need only as much as you would use. At the same time, usability is another aspect that you need to expect out of top CRM solutions – how user friendly is the software, and how much easier is it going to be for your organisation and your staff to work on it?

Further, when deciding on top CRM software, you also need to be sure that you could centralise all information at one place. Information that is centralised needs to be shared across the different departments and it would also have to be updated in real time for the software to be the most effective. With centralisation, top CRM software helps in saving time and resources for the top management. However, even with centralised information, there have to be restrictions on who has access to what, and confidentiality has to be maintained where necessary. Top CRM software would be one that minimised the expenses that need to be incurred in training of staff to use it. Further, there has to be minimum outlays on licensing and upgrades, and licensing should not be too restrictive on the number of people who could have access to the software and ultimately, the information that helps them make decisions. CRM software that satisfies all the conditions would emerge the top CRM solution in a highly competitive industry.

http://crm-software.ezinemark.com/top-crm-software-how-to-spot-it-7d321d3a0997.html

SMS Broadcast System

SMS Broadcast System

SMS Broadcast System presents by itself a complete and full bulk of Free SMS marketing solutions, which also includes Free SMS modem and SMS software. You just need to place any SIM card in special hardware and start your SMS campaign or SMS blasting. Also that means that you can use overseas SIM cards, any local SIM card, post paid SIM cards, prepaid SIM cards etc.

Well though we are living into the advanced era yet it is not possible to achieve everything within micro seconds. In fact we must understand the fact that a machine also needs a sufficient amount of time to perform its operation and give the output. But it’s nothing compare to standard advertising scheme.

This technology is created to those who want to get result proven mobile marketing and it’s providing cost efficient. With BluOcean free SMS toolkit you will gain the recognition of your service or products that you are selling and very soon you will be among the top sellers lists. Once you are there at this position then you will surely get customers at your end to lift up your economic growth and stand in the global market, with exceeding and meeting business goals – maximize sales, maximize profits, increase customers, increase effectiveness, increase efficiency, and build strong customer.

Effective and good marketing makes a great advertisement about a service or product, and its purpose is to encourage clients to purchase more or use your product or service instead of your concurrent. And the main idea of effective marketing is communication, so you can ask yourself whether your competitors communicating to your clients faster and better or not. Do you want any of your customers to buy from you faster or response to all discounts of yours and other marketing stuff? If you clearly realize that you do want it, then you should have a system to help you in doing this.

Your dream to have a big and wide business empire is very well respected by us and it is after visualizing that fact that we want you to improve your business slowly but confident. Make your investment and send free SMS software, it would create memorable interactive relationship with you customers. So what are you waiting for come on wake up and don’t miss the chance to become a part of all such SMS marketing for free.

The mobile phone and SMS texting has become apart a part of everyday life, it makes you wonder how we ever got along with out them. Businesses and organizations find this type of service to be a highly desirable CRM tool for Customer Care and PR and can help enhance any Web or email-based marketing.

SMS Text Message Marketing is a direct link for businesses and organizations to be in direct contact with consumers and members at all times. It’s estimated that over 84% of all Americans now carry some form of mobile device on their person at all times. The market place has gone mobile and billions of dollars of merchandise and services are purchased with mobile devices every year.

By using a mobile advertising service, you can promote your business and reach over 270 million mobile phone users in the U.S. alone. Send promotional offers, sales invitations, special announcements, notices and reminders has become as simple as clicking a computer mouse.

http://www.a1articles.com/sms-broadcast-system-1907217.html

A Web-based CRM System or Full Package Software

A Web-based CRM System or Full Package Software – Which One is Better

When managers want to make a decision about a CRM system, they first have to choose the type of CRM they will be implementing – full package or web-based solution. Both of these have advantages and disadvantages and you need to be aware of them to make the best decision for your company. Here is a list of the advantages and disadvantages:

1. Full package solutions

– You need to install the software on each PC in your company. Next time you want to get an update, it will happen all over again. The same refers to new applications and features related to the system. Moreover, additional features and updates for the system are paid for.

– The only computers you can use CRM on are the ones, which have undergone the installation process.

– Communicating with clients is separated from the system and the data needs to be added after a contact with a client.

– The interface of the CRM solution is very difficult to work with and requires help from experts.

– If your software is not updated on time, you could lose clients to companies that have newer software.

– You cannot train all of your staff members to use the system so only the ones that have undergone the special training can benefit from the software.

– There is a delay in services and they cost a lot.

– If something happens to the hardware in your company all your data will be lost because you do not have any back-ups for it.

– The format of the information can cause problems if you want to manage it with other systems.

– Your company will need to hire special employees that will maintain the system and update it.

– You will need to pay for licenses, installation fees, and much more every time you buy an update so you will end up using older versions of CRM because it is easier.

2. Web-based CRM

– You do not need to install anything. The only thing needed is Internet and a password for the system.

– The updates are carried out centrally and are not paid for.

– The updates are very dynamic and do not cause any troubles for you.

– The system is connected to the channels for contacting customers, which leads to reduced costs and higher effectiveness of the communication between the organization and the customers.

– The interface of the system is very simple and has many languages so it can easily be used by anyone.

– The process of servicing clients and recording information is very effective and aids the work of all departments.

– The connection to the Internet makes transactions quicker and more convenient.

– All the data has back-ups and cannot be lost.

http://system.ezinemark.com/a-web-based-crm-system-or-full-package-software-which-one-is-better-7d2f27f81455.html

Retail Business

Retail Business – Consumers Can Only Hold The Key to Everything

In all this rapid technical commotion, every single industry of the world is experiencing continual flux. Centuries old businesses are dying their destined death and thousands of new business horizons are opening for entrepreneurs likewise. But, where to invest your dear capital, without running the risk of ending up regretting the loss of investment, time and energy, is a troubling question. Retail industry has seen its superlative acceleration in recent years. Apparently running a retail business is as simple as stocking and selling goods to consumers who need them every time. Wow, Phew and Alas! Stocking goods to sale might be simple and may ask for cash to have them at first place, but things get complicated as soon as you are supposed to tug your sleeves up for selling them to consumers. So, let’s see, what makes a retail business a ‘successful retail business’.

Fear of Failure eventually leads to Failure:

Being self-employed (in terms of retail business owner) is really the best thing that one can have in this little life. But like all other best things in the world, it too is somehow challenging, or worse yet, impossible with given market competition and consumers’ unpredictable buying behaviors. I would ask you to DISAGREE with me here, and things will start becoming possible. It’s true, retail industry isn’t any nickel and dime business. Solid and substantial start-up capital is seriously essential. But let me tell you another thing. Don’t walk on your idea so quickly, there must be some investors, or even better, grab any bank loan. You must ask yourself, ‘do people really need the things that you are going to put up in your product supermarket equipmentwhich means freezers, chillers, cold storage equipment,display shelving, checkout counters, shopping trolleys, warehouse racking etc. If they do need, ‘do they have buying power’? And if ‘yes’, you are good to finance yourself up.By now, you have done initial business planning and are mindful to the product demand, market competition, required start-up investment and your store location. It’s time to nip fears! Fortune favors brave people.

Success Lies in Understanding ‘Need, Want and Desires:

Three simple and plain words! But in terms of marketing discipline, these 3 words represent highly intimidating, challenging and unpredictable consumer-product relation. So, understanding them is somehow important because it’s most rewarding in terms of brand establishment and user buying behavior identification. Needs:

Products whose absence would entirely result in deprived life fall under needs category. Every human needs basic food, health, education and shelter. Products entertaining these basic human necessitates don’t really need ‘PUSH’ because consumers are already looking for them all the time. Wants:

These are products which users prefer under their certain instincts. These consumer products are instrumental in satisfying life standards. For example everybody wants to look good, so products relating to daily life style fall under it. Desires:

Products whose acquiring relates to consumers’ passions or wishes are called desires. To consumers, having these products at hand means showcasing high end life style. Normally such products cost much money.

Retail Design and Retail Equipment:

The next big thing in establishing successful retail business is generating buying environment where consumers enjoy shopping like anything. Successful retailers have always crafted intelligent store design reinforced with high end Supermarket equipments.

http://retail.ezinemark.com/retail-business-consumers-can-only-hold-the-key-to-everything-7d3831501dad.html

Inventory Management Software And Benefits(2)

Inventory Management Software And Benefits

For any company to accomplish productive business results, it becomes a quintessential prerequisite to take good care of inventory management procedures. Effective inventory management can help a company gain competitive edge over competitors, and can help a company meet customer demands at all times. The inventory management software is a potent tool that solidifies inventory management practices, as it can also be customized to fit into the needs of a company. Can companies get benefited by making use of customized inventory management software?

Serves the purpose
Businesses thrive by meeting market demands at the right time, which depends primarily on good inventory management principles. With the inventory management software, various records are maintained well, and this software serves the purpose to the hilt. The software dons the role of a potent tool to track inventory, and to identify areas where a company is losing or gaining money, which in turn guides a company to take informed decisions. Establishments can rely on this software to improve various process cycles, and can even improve methods to bring profits out of investments made by a company.

Reduces time
A company has to devote enough time to track inventory and to maintain records, if the tracking is done manually. Needless to say, tracking materials that enter into a warehouse and that goes out of the warehouse to reach retail shelves needs to be done on a regular basis. This task has to be performed to make sure that products are produced and shipped in the right manner. When an establishment opts to make use of inventory management software, it saves time by recording all the essential data in no time at all. The numbers needed for restocking and reporting basis can be accessed with ease, as when inventory management software is utilized by an organization.

Saves money
When inventory control is done on a manual basis, an organization can be forced to take bad decisions owing to inaccurate bookkeeping. There could be problems that arise out of under-purchasing or over-purchasing of products, which can bring down the efficiency of an organization. But, when inventory management software becomes an inherent part of an organization, right decisions can be made, which can save a lot of the money for a company that might lose money through inaccurate recordings pertaining to inventory control. The production process of a company runs without any hitches, where companies can also reduce personnel costs needed to maintain inventory control on a manual basis.

The inventory management software happens to be a notable addition that can help a company perform to its potentials, as this software guides a company to meet the market demands promptly and earn recognition in the market.

http://www.sooperarticles.com/technology-articles/software-articles/inventory-management-software-benefits-746305.html

Looking for Easy Document Management Switch to SharePoint

Looking for Easy Document Management Switch to SharePoint

Each organization has to include customized document management controls as part of its key strategies. In addition to deciding how to create, review and publish documents, it also needs to decide the most appropriate way to retain or dispose these after certain period of time. Therefore, most enterprises look for innovative a document management system that allows them to store, update, share, find, archive, restore and trace all types of documents. Microsoft has released SharePoint 2013 with a set of features to help users in managing all types of documents efficiently, while complying with the relevance governance or compliance policies. If you are looking for effective and flexible tools to control a document’s life cycle, it is a great idea to switch to SharePoint 2013.

What Makes SharePoint 2013 a Powerful Document Management System?

Hassle-Free Sharing of Information and Resources

Similar to other innovative document management systems, SharePoint also enable people to access the required resources and information. But it also allows users to organize documents and coordinate calendars effectively, along with creating team workspaces. At the same time, the user also has option to create blogs and wikis simply by using templates. The users on the do can further avail the offline synchronization capabilities to access the documents regardless of his current location.

Tight Control over Document Life Cycle

SharePoint Server 2013 comes with all the capabilities required to control a document’s life cycle efficiently. At the same time, it also enables users to implement the policies applicable to each document. Along with auditing the document-related actions, the system further ensures that the documents are disposed or retained in the most appropriate way. These features further make it easier for an organization to manage documents as corporate records, while adhering to both corporate guidelines and legal requirements.

Maintain Integrity of Content

The latest version of SharePoint comes with document management capabilities. Before editing a particular document, the reviewer has option to activate document checkout. Thus, he can see the revisions made to the document and restore the document to the previous version. Also, the feature can be used to set security at both document and content level. These capabilities make it easier to maintain the integrity of content store on team sites or shared with a distributed team.

Easy to Build a Collaborative Environment

The IT department of an organization can deploy a collaborative environment through Windows SharePoint Services without putting any additional time and effort. Despite being easy to manage and scale the environment is still simple and flexible. The single-server setting and flexible deployment settings further make it easier to reconfigure the document management system according to the latest governance or compliance policies. Thus, all documents can be created, reviews and shared quickly to facilitate decision making.

Effectuate Document Security Management

While allowing teammates to access the resources and information from diverse locations, each enterprise has to put some amount of effort. But the security features provided by SharePoint enable them to effectuate document security management without putting any extra effort. The system allows users to nominate individual users or group, and set permission simply with two clicks. Also, the traceable access of requests to a site makes it easier to find out who has accessed the resources or information.

Smoothly Change the Location of a Document

Often users have to move or copy documents from one library or site to another. SharePoint allows them to move or copy the document at various stages of its lifestyle without any hassle. They can simply create a custom workflow to guide the document through a business process. Once the document life cycle is activates, tasks can be further assigned to the participants according to their individual roles and responsibilities. The authors with required authoring permission can further copy a particular document, while maintaining the relationship between the source and the destination document intact.

While switching to the updated version of SharePoint, an organization is not required to discard the tools that are already being used for day-to-day operations. Some of the most popular tools and applications in Microsoft Office system like Word and Outlook can still be used seamlessly with SharePoint 2013 to optimize the control over a document’s life cycle. Custom Sharepoint development teams can help build sharepoint applications for you within allocated budgets and time schedules.

We provide SharePoint webparts development services. If you would like to speak to one of our expert SharePoint developers, please contact us at Mindfire Solutions.

http://www.sooperarticles.com/technology-articles/software-articles/looking-easy-document-management-switch-sharepoint-1293740.html

Knowing all about the Mobile Marketing Guidelines

Knowing all about the Mobile Marketing Guidelines

SMS service is a communication medium that enables 2 mobile subscribers to send short text messages between their mobile devices. The messages are of 160 characters and it is also known as “text messaging” or “texting.” All mobile operator networks support SMS messages. The mass usage of SMS has created a market for SMS being used for marketing and advertising campaigns. Marketers need to be aware that there are 2 different forms of mobile marketing that is recommended by the MMA (Mobile Marketing Association). These are Initial SMS Ad and Complete SMS Ad. The Initial ad is a short message of 20-60 characters that is appended to a non advertisement SMS message. It is plugged to the free space available at the end of the non-advertisement content. A Complete SMS Ad is a 160 character
SMS text which carries only the marketing message.

Marketers have to follow the watershed hour’s requirements of the local market while delivering a SMS marketing text. They should be ready with additional information about a product if it is requested by a subscriber. According to the Guidelines, additional information should be given to the subscriber within 12 hours of the request. The responses have to be given by an alternate short code but the subscriber should be easily able to identify the message. The aim of these guidelines is to give users information in a way which does not disturb them and intrude their personal time. Marketers, if they are providing any telephone numbers should ensure that the numbers are working during the campaign. If the call rates for users are higher than normal charges, it should be clearly mentioned in the advertisement.

The content of Complete SMS Ad has to be well structured with the advertiser clearly identifiable. A URL, if it has to be embedded in the message, should ideally be in a shortened form to reduce the character count. The webpage that it links to must be up and running at the time of campaign launch. The guidelines of SMS Ad marketing are updated from time to time. Marketers need to be aware of these guidelines. Guidelines are also in place for Mobile Web, MMS marketing, Mobile Video and TV and Mobile Applications.

Marketers have a well defined Mobile Marketing Framework based on which they run a marketing campaign. Most of the guidelines are incorporated within this framework. The broad framework categorizes mobile marketing into Advertising, Promotions, Direct Marketing and CRM. A customer’s willingness, perceptions and reactions are also captured in the framework. There is little doubt that Mobile marketing along with Social Media with drive the next wave of marketing and advertisement for companies of all sizes. Marketers only

need to work within the guidelines of Mobile Marketing and see the ‘moolah’ fill
up their coffers.

http://www.a1articles.com/knowing-all-about-the-mobile-marketing-guidelines-1525239.html

How Has EPOS Software Developed

How Has EPOS Software Developed

When going about our daily shopping, whether that be in a supermarket or a shopping centre it is easy to take for granted all the process and procedures that are going on behind the scenes. One such process is the use of EPOS software used in conjunction with modern touch screen tills. I’m not sure many of us have ever really stopped to ponder its evolution and we forget all too quickly the irksome and slow tills of the past. Here is an overview of how EPOS software has developed and evolved to become an integral part of the retail environment.

A Time Before EPOS Software

Many of us born after the 80’s are not likely to remember the old fashioned, mechanical, heavy tills. However for many they were common place, found in shops ranging from department stores through to corner shops. Relying purely on a receipt being printed to tally up the days takings caused issues and they were also flawed in several other ways. In a fast food restaurant for example, tickets had to be printed and lined up at the grill station, tickets that could be easily lost. If the receipt paper jammed it also meant it could be difficult to add up the days takings. Not to mention card transactions, stock control and many other operations that EPOS software does effortlessly on modern technical hardware. A solution to this problem was needed…

Early EPOS Software

The solution came in the form of microprocessor development. As computers started to become more sophisticated and smaller in size they could be made into the size of a till. In fact one of the first organisations to use a simple but none the less working EPOS software based computer was McDonalds, the well know fast food outlet. Their till used EPOS software to allow them to send and queue up orders directly to the kitchen area. As time went on early Apple and Atari machines where used until Microsoft Windows based software was developed and became the standard OS, along with Unix and Linux.

Modern EPOS Software Solutions

Once the ball got rolling many different EPOS software solutions started springing up, tailored to different customer facing environments. Modern EPOS software is even featured on till systems that can be operated by the customer, via self-service tills. Modern EPOS software implementations offer a much wider field of customer data to be captured which covers everything from special offers through to stock information and accounts data storage.

It’s interesting to learn how EPOS software goes unnoticed much of the time and we take for granted till systems. It’ll also be interesting to see how EPOS software continues to develop over the coming years.

For more information regarding EPOS software, contact BCP – EPOS software specialists

http://www.sooperarticles.com/technology-articles/software-articles/how-has-epos-software-developed-599915.html

Keys to Effective Inventory Management

Keys to Effective Inventory Management

One of the things we’ve seen time and time again in our business is that the best relocation policies reflect current realities of the real estate market, with aggressive home marketing assistance programs and incentives to employees to price their homes realistically. Still, in today’s environment, it’s inevitable that some properties will end up in inventory. Here are a few of the best practices we recommend to help minimize total program cost and the amount of times homes spend in inventory.

It’s important to understand how a home value is determined as well as the current status of the listings that were used in the appraisal. Circumstances change over time. You may find that the home should be listed at the anticipated selling price – or even below – to gain the attention of buyers. To make sure the house is priced accurately, remember to review comparable sales and listings as well as any issues influencing the market, such as schools, employment and new subdivisions. Take note of the builders who are active in the market and any incentives they are offering. The presence of unsold new homes may call for an adjustment to your marketing strategy.

In selecting a broker, be sure to consider their experience, longevity, market share and creativity. If possible, choose a broker with whom you have worked successfully in the past. Listen carefully to his or her intelligence on the local market area: Local issues such as a major employer leaving town can dramatically impact listing success. These kinds of factors should be considered in establishing a strategy.

A moderate investment to improve first impressions of a property will make it more competitive and may eliminate objections that could prevent a sale. Repaint any bold, personal colors in a neutral hue. Clean or replace the carpets and replace marginal systems such as old water heaters that may be flagged during inspection. Spruce up the entry area with a fresh coat of paint and judicious landscaping and flowers. Listen carefully to your broker’s ideas on strategic incentives to drive showings. For example, the offer of a $500 all-terrain vehicle or a $2,500 lawn tractor might help sell a large property. This type of incentive might be negotiated out of the final offer.

Competition for a home sale today can include typical resale listings as well as foreclosures, short sales and new construction that might be languishing on the market. Online research is not enough: you should visit properties, collect builder flyers, read yard signs and more. For example, if a local builder is offering incentives on a new home, you can consider something similar. The marketplace can change literally overnight, so it’s wise to review strategy with your broker at least twice a month. Regular communication can also help keep the broker more invested in the process and can lead to a richer, more productive partnership. The inventory manager should provide regular marketing updates to the client while offering cost-effective incentives ranging from reimbursement of the buyer’s closing costs, an appliance allowance or a selling agent bonus to an electric awning to shade a hot patio.

Property offers can come at any time and deals can be quite fragile, so the inventory manager must be available to receive and evaluate offers 24/7. This level of availability and commitment also helps to foster a more collaborative and successful relationship with the broker. Effective inventory managers develop keen negotiating skills: They can predict likely offers, counter offers, buyer hot-buttons and concerns. This empowers them to take control of negotiations in a market where buyers often feel they are omnipotent – and to advance the client’s best interests. Effective negotiation balances all parties’ interests and results in a successful, time-and cost-effective outcome.

If you’re looking for professional corporate relocation services visit www.TRCGS.com, TRC Global Solutions offers comprehensive corporate relocation services and employee relocation packages for companies of all sizes for over 25 years.

http://www.sooperarticles.com/business-articles/management-articles/keys-effective-inventory-management-866357.html