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4 Tips to Reduce Operational Costs of Your Ecommerce Business

The Good Men Project Become a Premium Member We have pioneered the largest worldwide conversation about what it means to be a good man in the 21st century. Your support of our work is inspiring and invaluable. 4 Tips to Reduce Operational Costs of Your Ecommerce Business What’s the primary objective of your eCommerce business? To make profits, right? But somehow, you end up making less than you expect. If you can’t find the right reasons, you should review your operational costs. Many eCommerce entrepreneurs point out that it was their operational costs that limited their profits initially. Still, once they found out the strategies to bypass those costs, they earned more than before. But how can you reduce your operational costs without affecting your business? Let’s take a look.

Letter to the Editor: Just in time management bad for consumers

Letter to the Editor: ‘Just in time’ management bad for consumers Share This theory of inventory management posits that retailers, wholesalers and manufacturers carry only a minimum inventory, and this will maximize profitability. Otherwise you are tying up money that could be in your bank account drawing interest, invested in the market, or any number of other things that are revenue generating. Excessive inventory is not revenue generating, it’s a cost, not a profit. The theory holds that as the last jar of “Bob’s Peanut Butter” is going out the front door of the store, the first jar of replacement inventory is coming in the back door to replace it. Therefore you are never “out of stock”. You’re also not tying up dollars in inventory.

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