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Hub You - Catalog Management: In-house or Out-sourced?
Executive Coaching - The Ultimate Advantage n-tradesperson. Often we’ve seen cataloguers who lack the basic knowledge to properly identify a part. The item description that is entered into the system is unrecognizable by the maintenance workers who use the part.Executive coaching is here to stay…Retaining the services of an executive coach or mentor represents what I believe to be the ultimate business advantage available to professionals. With the numerous studies that have been authored which provide ample data affirming the extraordinary results that can be achieved through utilizing an executive coach I'm always amazed at the number of professionals who don't yet have a coach on retainer. In today's blog post I'll examine the reasons why I believe all (yes I said all) executives and entrepreneurs should have a coach or mentor.Executives who rise to the C-suite do so largely based upon their ability to consistently make sound decisions. However while it may take years of solid decision making to reach the boardroom The consequences can be expensive for the company. A bin of parts sits on the shelf (already paid for) and each time that unrecognizable part is needed, a maintenance worker fails to find it in t 4 Ways a Mastermind Group can benefit Business Owners Many organizations face the dilemma of whether to manage their inventory Catalog in-house or to out-source the function to an external provider. Should you tackle the challenges involved in creating or honing your in-house Catalog team to handle the job? Or should you step back and manage the relationship with an external expert who provides those services, tailored to your needs? The decision is not such an obvious one; there are several issues to be considered.Mastermind groups are nothing new. Ever since it appeared in Napoleon Hill's 1937 classic “Think and Grow Rich”, more people have embraced the concept to create their desired changes in personal goals and wealth creation. Like many other business owners, I have applied this idea in my Internet business and have gained favorable results in many aspects. Hence, today I will share 4 ways a Mastermind group can benefit business owners solely in the Internet business.A simple definition of a Mastermind group is the getting together of two or more minds for one common purpose. They work in harmony to give support to each other through ideas, encouragement, insights and resources in a non-competitive environment.The bottom line is that Masterminding is an effec Managing data integrity is a full time job, if it’s done right. Many organizations make the mistake of incorporating catalog responsibilities with other duties, so that the resource is neither focused nor dedicated to the task. Let me illustrate with a real-life example. A multi-site manufacturer had a part-time cataloguer at each of its twelve locations across the corporation. There were no established internal processes to follow, nor templates for data entry. Each cataloguer entered data into the free-format description field the way he/she liked to see it. These people came and went and over time and the database grew and grew. The results showed themselves in the data… spelling errors, inconsistent manufacturer naming, inconsistent abbreviations, inconsistent words/symbols, incomplete description information, and duplicates. System word searches were next to impossible; the data was a mess. Finding a part was a frustrating, challenging, usually unsuccessful experience. They were not alone in their situation. Inventory was viewed as a necessary evil and rarely got any attention for improvement. Another common catalog management mistake is to give responsibility to a non-tradesperson. Often we’ve seen cataloguers who lack the basic knowledge to properly identify a part. The item description that is entered into the system is unrecognizable by the maintenance workers who use the part. The consequences can be expensive for the company. A bin of parts sits on the shelf (already paid for) and each time that unrecognizable part is needed, a maintenance worker fails to find it in th The Parallels of Economic Growth and Construction Equipment Growth one; there are several issues to be considered.With the rise in the growing economy there has been increase in the development of the infrastructure. For this construction work has been on rise, which have led to the demand of construction equipment. Construction equipments are of various types and serve different purposes.Heavy construction equipment include bulldozers & track loaders, rubber tire loaders, cable cranes, hydraulic cranes, stationary cranes, graders scrapers & rollers, paving equipment, rock crushers, screeners & washers, trenching equipment, etc. There has been technical advancement also in the attachments and part required for the construction equipment. Three are various types of buckets, blades, couplers cutters, forks, grips, hammers and shovels.There has been a growth in compani Managing data integrity is a full time job, if it’s done right. Many organizations make the mistake of incorporating catalog responsibilities with other duties, so that the resource is neither focused nor dedicated to the task. Let me illustrate with a real-life example. A multi-site manufacturer had a part-time cataloguer at each of its twelve locations across the corporation. There were no established internal processes to follow, nor templates for data entry. Each cataloguer entered data into the free-format description field the way he/she liked to see it. These people came and went and over time and the database grew and grew. The results showed themselves in the data… spelling errors, inconsistent manufacturer naming, inconsistent abbreviations, inconsistent words/symbols, incomplete description information, and duplicates. System word searches were next to impossible; the data was a mess. Finding a part was a frustrating, challenging, usually unsuccessful experience. They were not alone in their situation. Inventory was viewed as a necessary evil and rarely got any attention for improvement. Another common catalog management mistake is to give responsibility to a non-tradesperson. Often we’ve seen cataloguers who lack the basic knowledge to properly identify a part. The item description that is entered into the system is unrecognizable by the maintenance workers who use the part. The consequences can be expensive for the company. A bin of parts sits on the shelf (already paid for) and each time that unrecognizable part is needed, a maintenance worker fails to find it in t Implementation of the Purchase Process: Partnership or Supplier s the corporation. There were no established internal processes to follow, nor templates for data entry. Each cataloguer entered data into the free-format description field the way he/she liked to see it. These people came and went and over time and the database grew and grew.Do you recognize this. You arrive at the store for a new mobile phone and just the model you had targeted is not available... It is a simple example, but stock delivery could make all the difference in you business.There are two main options in managing your supplies and suppliers. One in the client-supplier relationship and the other in a partnership.The advantage of the client-supplier relationship is that you are most flexible. You should take this construction if you are just starting with a new purchase process. Another advantage is the cost of this construction. You choose the supplier with the best cost-quality-ratio.Another situation in which the client-supplier relation is often preferred is for a product oriented business. Products cha The results showed themselves in the data… spelling errors, inconsistent manufacturer naming, inconsistent abbreviations, inconsistent words/symbols, incomplete description information, and duplicates. System word searches were next to impossible; the data was a mess. Finding a part was a frustrating, challenging, usually unsuccessful experience. They were not alone in their situation. Inventory was viewed as a necessary evil and rarely got any attention for improvement. Another common catalog management mistake is to give responsibility to a non-tradesperson. Often we’ve seen cataloguers who lack the basic knowledge to properly identify a part. The item description that is entered into the system is unrecognizable by the maintenance workers who use the part. The consequences can be expensive for the company. A bin of parts sits on the shelf (already paid for) and each time that unrecognizable part is needed, a maintenance worker fails to find it in t Starting a Metal Detecting Business? Don't Do it Until You Reads This Tips ords/symbols, incomplete description information, and duplicates. System word searches were next to impossible; the data was a mess. Finding a part was a frustrating, challenging, usually unsuccessful experience. They were not alone in their situation. Inventory was viewed as a necessary evil and rarely got any attention for improvement.If you are looking start a business selling metal detectors you need some knowledge on the subject to make sure that your customers feel comfortable purchasing from you. If you are already knowledgeable about metal detectors than starting your own business and watching the profits come in should happen sooner rather than later.Selling metal detectors can be extremely profitable and you can sell new, used, and metal detecting accessories. There are many people out there that are passionate about the hobby of metal detecting. In this article we will take a look at your possible customer base and how to find new ones.If you want to sell metal detectors in larger quantities you may want to get in touch with many of the metal detecting clubs that are located Another common catalog management mistake is to give responsibility to a non-tradesperson. Often we’ve seen cataloguers who lack the basic knowledge to properly identify a part. The item description that is entered into the system is unrecognizable by the maintenance workers who use the part. The consequences can be expensive for the company. A bin of parts sits on the shelf (already paid for) and each time that unrecognizable part is needed, a maintenance worker fails to find it in t How to Get a FREE Computer, Scale & Printer from DHL n-tradesperson. Often we’ve seen cataloguers who lack the basic knowledge to properly identify a part. The item description that is entered into the system is unrecognizable by the maintenance workers who use the part.UPS, FedEx and DHL all have programs in place to provide higher volume shippers with computers, printers and scales to process their shipments. The problem for most small businesses is that they can not meet the volume requirements to qualify for the program. The rate discounts offered often fluctuate based on the weekly or monthly volume. This causes problems because the business doesn’t know exactly what their shipping expense is going to be. If their volume drops too low they are penalized by being placed on book rates. If you know the right people you can get a free computer system with fixed in rates that are not tied to volume requirements.If your business ships 90 shipments per month and/or is invoiced $4,500 per month for shipping then you will li The consequences can be expensive for the company. A bin of parts sits on the shelf (already paid for) and each time that unrecognizable part is needed, a maintenance worker fails to find it in the system, so he orders the part directly (and often at a premium “RUSH” price) to complete his job. The end result is that both inventory and spot buy purchases have increased the company’s spend. Creating an internal catalog team is not as easy as it first sounds, unless you see it as simple data-entry work. Then it really is easy – you just need someone who can type and spell. But if you see it as the fulcrum that links together your maintenance and procurement teams, you have more of a challenge to find the right skill-set to satisfy the requirements of the job. Not only should your cataloguers know what the part is and how to describe it so that your maintenance workers would recognize it, they also need to know how it is used, and what material quality and specifications are required. And they need to have a process for setting up new item descriptions. Finding someone with all these skills may be a difficult task. And finding several of them (across the company) to work together may prove next to impossible. In addition to that, you need to develop internal procedures and processes around the catalog itself -- to establish the standard nomenclature you will use, to develop templates for consistency and completeness, to assign responsibility for the data. That’s a lot to consider for a company that’s not in the Catalog Management business! An alternative option is to out-source the catalog management function to experts: dedicated, qualified personnel to do the work so that every item description meets manufacturer specifications. The next time a maintenance worker looks through the inventory catalog for the part, he recognizes
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