The IO Blog

Small Things that Matter the Most Let’s begin with an example: If a company buys 1,000,000 dollars a year in inventory and decreases shrinkage (on purpose or by accident) by just 2%, it is adding 20k back to their bottom line. That’s a huge number. If a company spends 500k in labor each year and increases labor utilization by 1%, they are decreasing their bottom line by 5K. If companies start looking at every part of their business with the big picture in mind, it presents a

Does QuickBooks Track Inventory? Every business is looking for the perfect CRM, ERP, Project, and Accounting tool rolled into one easy solution that will meet their needs and the needs of their customers. Is there a product on the market today that will fulfill all of their requirements? For many, the answer has been QuickBooks, an accounting software in the residential integration space that is used by AV integrators for project management and inventory management as well. B

Focus on solutions. The focus of the company should be directed towards customers if attaining successful customer retention is the goal. If you want them to stay loyal to your brand, you have to exceed their expectations with regards to customer service. The customer-first attitude has to be reflected in an enterprise-wide phenomenon and not just among a few employees. Most successful organizations today consider each and every employee an important touch point for their cus

Many small businesses try to run their organizations via email, text, or (worse) paper notes, leaving them open to failure, not to mention, project disasters. Success is in the details, and most often it’s the small details that make the biggest difference. For any given project, there are so many pieces to coordinate that it takes time, effort, and the right management solution to tie them all together. Businesses, small or big, need to begin relying on technology to streaml

Gaps in accountability Accountability is one of the key contributors in converting business strategies into practicality, which is why it plays a pivotal role in determining the success of a project. In the course of a project, it’s all too common to experience disagreements and stressful situations where differences in ideas and points of view could lead to one person being side-lined or someone else being burdened will all the work. Clearly, these are gaps in accountability

AV integration project, it’s all too common to draw your conclusion based on the revenue. But, if you want your AV integration projects to be truly profitable, you should look beyond revenue. In fact, fast-changing technology has made the AV industry a challenging area with product life cycles becoming shorter and systems and devices becoming more complex than ever before. This is why there’s a greater need to maximize profits from each individual project. Here are four strat

Improving Cash Flow with Inventory Management How Can Residential Integrators Improve Cash Flow? So, what interrupts cash flow? In integration business, it’s a fairly common thing for the receivables to arrive after a long gap of say, more than three months. Receivables languishing for such long duration can be bad for your business, in terms of both actual profitability and relationships with your suppliers and customers. Here are five ways in which you can improve cash flow