Welcome to Sekure Merchant Services Business Resource Blog
With dining out, traveling, and other discretionary spending off-limits for much of the last 16 months, consumers turned their spending sights elsewhere: their homes. Most of their money was allocated to long-put-off renovations, office additions, and new decks.
Supply chains are the lifeblood of the world economy. And today, they are more intricate than ever— the result of relentless globalization and just-in-time shipping. But this complexity comes with a cost: susceptibility to disruption. According to McKinsey, “companies can now expect supply chain disruptions lasting a month or longer to occur every 3.7 years.” As a business owner, you can’t overlook supply-chain resilience. And by reinforcing and adapting how you get your goods, you can protect your business operations and the environment.
As the old proverb goes, “the cobbler’s children have no shoes.” Applied to finance professionals, the same proverb could be adapted to something like “the accountant’s invoices are unpaid” or “the accountant’s books are in disarray.”
If you’ve been paying attention to the news lately, you’ve probably read about supply chain bottlenecks wreaking havoc on products like computers and cars. As a result, everyone from electronics manufacturers to auto shops is scrambling for parts.
You’ve likely seen the initialism “SKU” a million times and never understood what it stands for. Well, it’s an abbreviation of stock-keeping unit—an in-house code that helps retailers manage inventory and the entire business process. If you’re still tracking your stock and sales with a pen and paper, read on and see what you’re missing.