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Life in the Front Office, produced and hosted by executive producer Jake Hirshman with co-hosts Andy Dolich, Pat Gallagher, and Fred Claire. 150+ years in the front office between the 4, they join their guests to bring insights and advice to many across the sports & entertainment industry. Thanks to Suja Organic for their support. Until December 31, 2022, use the code "LIFO" for 15% off one-time packs on https://shop.sujajuice.com/ For more on the hosts, visit lifeinthefrontoffice.com
 
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Andrew Stallings, Founder & President of the Athleo group dives into his journey to stating the group, representing athletes outside of the big 4 sports, and how those athletes are continuing to grow and evolve! For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com. Follow us on Instagram @lifeinthefrontoff…
 
Michael Rueda dives into a career in sports law and how what he has learned along the way, sharing perspectives from various verticals of the business! For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message…
 
The Power of FUN with THE Phillie Phanatic, David Raymond, dives into the history of how Mascots really came to be a money making part of the business. For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message…
 
Stephanie Delgado, Senior Director, Client Services, International Media at the PGA TOUR talks career paths, and lessons learned across the golf and media landscape! For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message…
 
Marty Conway, VP of Sponsorship at M&T Bank joins Andy and Jake to talk about how to become an adjunct professor, how to stay young and learn about the next generation, and what the next generation needs to learn as well about getting into the industry! For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.…
 
Nicole Allison, Director of Partnership Marketing at the NHL & Christy Grady-Murray, Sportsdigita discuss innovations and best practices across the NHL. For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message…
 
David Young, COO of the Seattle Seahawks talks about his journey from Disney to Leadership! For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message
 
David King, VP of Corporate Partnership at the Minnesota Timberwolves joins to talk about the progression of being a contributor to being a leader! For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message…
 
Episode 350 features Mark Fine, CEO of the Las Vegas Desert Dogs joins to discuss launching an expansion team in a new market! For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message
 
Online business-enhancing software programs are excellent. They make sure that several crucial business processes are streamlined, which includes inventory management. Any company that would deal with physical products of various types in their business module must have inventory systems of some kind. An inventory control technique called the perpe…
 
To estimate demand and avoid surplus stock, all companies must keep track of how much inventory they own. Therefore, every manufacturing company uses the inventory record system to maintain track of its inventory movements throughout the year. Inventory systems are classified into two types: periodic and perpetual. Each system has different advanta…
 
Companies selling tangible goods and those engaged in maintenance and repair both need to keep track of their obsolete inventory. The quantity of obsolete inventory that a company has can be a key sign of whether inventory management and purchasing are being optimized or whether they need to be reevaluated. At this point, journal entry …. View deta…
 
It’s annoying to have extra or obsolete inventory. Once you have an excessive amount of unsold inventory, it takes up too much space and has to be protected from damage. In this case, selling as many inventories as you can is the best way to free up space. Use your creativity to make the products …. View detail https://blog.efex.asia/disposal-of-ob…
 
You may find a ton of businesses willing to buy your excess stock products if you search for “excess inventory” in almost any search engine. This will give you an immediate cash infusion and make more room in your warehouse. However, at what cost? The possibility of it being out of date is just one …. View detail https://blog.efex.asia/excess-and-o…
 
Maintaining your retail inventory management in order ensures that your racks are filled, your warehouse spaces are not congested, your cash flow is consistent, and your vendors are satisfied. Without effective inventory control procedures, it is hard to run a profitable small firm. Despite this, nearly half of small enterprises do not manage inven…
 
Possibly the most crucial statistic for industrial processes is inventory accuracy. The business won’t be able to plan or predict, the supply chain will break down, expenses will increase, consumers will be dissatisfied, and the shop floor will have low productivity and efficiency. That’s a big impact from a straightforward measurement, whose signi…
 
The FIFO perpetual cost flow tracking system assumes that the first unit of inventory obtained is the first unit used or sold. Furthermore, in a perpetual inventory system, inventory inflows and outflows are reflected in stock records as quickly as transactions take place. The resultant charge to the cost of goods sold is the same …. View detail ht…
 
Manufacturing businesses now compete in a dynamic and highly competitive business environment. The supply chain undergoes changes, and depending on environmental variables, customer demand can fluctuate or even spike. A business must measure KPIs inside a production facility to ensure that it is accomplishing its goals and is adaptable enough to ef…
 
In contrast to the FIFO technique of inventory evaluation, the LIFO perpetual inventory method posits that the last expenditures expended to acquire items or direct supplies are the first costs charged against revenues. In other words, it presumes that the cost of items sold in a retailing firm or the cost of supplies provided to …. View detail htt…
 
The overall cost of unplanned downtime in all industries globally is “certainly around $1 trillion,” according to a post by the International Society of Automation. Manufacturers must always look for methods to increase production efficiency, equipment efficiency, as well as process efficiency because this figure doesn’t even include money lost dur…
 
By analyzing your DNA, geneticists can determine what makes you who you are, and even what diseases you might be predisposed to. In a similar manner, supply chain experts may examine the item masters for your items and determine the suppliers, utilizing raw materials, and the recommended quantity of inventory, among other details. The entire …. Vie…
 
The inventory master file is of great value in helping businesses control the number of imported goods as well as important information in the production and business process. Having an effective inventory master file will help the company have the most detailed view of what they need to do now and in the future to …. View detail https://blog.efex.…
 
Item Coding is a method used by most businesses to improve inventory management. The coding of items helps in improving the efficiency of the supply chain, and employees working in the warehouse also benefit from the convenience of sporting goods. At the same time, business owners also get the most detailed information about the status of …. View d…
 
The phrase “hedging” refers to a value investing strategy that all investors should be aware of. Hedging is frequently described in broader terms than its explanations. It is not, nonetheless, an uncommon phrase. Even if you’re starting out as an investor, understanding what hedging is and how it functions can be helpful. Hedging in the …. View det…
 
Brooks Neal, Director of Corporate Sponsorships for the NY Jets joins to talk about the lessons learned thus far in his career across his experiences and transitions. For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://anchor.fm/lifeinthefrontoffice/message…
 
You must apply a method known as backflushing if you want your automated goods receipt or good problems to further outcome in a reduction in the manual interference and doing so by applying an instinctive operation in the relevant system. The backflush would need to be automatically activated if you wanted the items to be …. View detail https://blo…
 
You may be familiar with the term “cumulative lead time“, a manufacturing measure that tells you the estimated period of time you’ll have to wait for a widget when you begin working on it then. Yet, before that, keep reading this post to gain a clear grasp of this metric. What does the cumulative lead …. View detail https://blog.efex.asia/cumulativ…
 
Material handling at a factory or warehouse includes moving, loading, emptying, pushing, pulling, storing, lifting, picking, putting, and retrieving things or goods. It has been an essential component of global supply networks and industrial processes. On the other side, globalization has raised the demand for modern material handling devices and f…
 
Knowing the handling fees and how much of it you need to charge is a step in learning what the cost of your items ought to be. If your handling charge is determined too low, too excessive, or perhaps even non-existent, your company is likely to suffer. While determining the cost of your goods and …. View detail https://blog.efex.asia/handling-fee/…
 
A buyer receives an order form when they make a substantial order with a provider. The supplier can then cross-check the order form against the products received a note to confirm that all items were delivered to the buyer. This form is especially useful when an order contains products that are back-ordered or out-of-stock. The …. View detail https…
 
The completed products inventory formula calculates finished inventory using numerous essential financial measures. It may be used by companies to calculate both beginning and ending inventories. Businesses utilize this value to assess their capacity to fulfill consumer orders, pay shipping and handling expenses, or transfer to wholesale accounts, …
 
Effective goods receipt operations are necessary for your business regardless of whether the receipt of the goods in the warehouse is used for production, sent directly to online customers, or even for consumption while offering services to customers. Warehouses can receive commodities using goods receipt in SAP, including finished goods, component…
 
FOQ, or Fixed Order Quantity shows us the time and quantity to order inventory. In this article, we will provide you with the Fixed Order Quantity model and formula to help you calculate this metric at ease. What does Fixed Order Quantity mean? The Fixed Order Quantity, called FOQ for short, refers to a system …. View detail https://blog.efex.asia/…
 
A set of Radio Frequency Identification (RFID) systems and services called GS1 EPCglobal aims to improve the flow of information among businesses and their most important trading partners while also increasing visibility and productivity all through the supply chain. The Electronic Product Code is kept on an RFID tag and can be linked to the …. Vie…
 
Your profit may suffer significantly if you don’t have specific items shipped to your shop in time for certain sales periods. Along with losing out on a significant portion of sales, dissatisfied customers make them more likely to shop at a rival’s store. Apples, for instance, must be transported in a cold chain since they …. View detail https://bl…
 
An increasingly common method of managing inventory is distributed inventory, in which goods are dispersed across distribution centers or warehouses located strategically throughout the world. Businesses can face some of their toughest inventory system and distribution difficulties. They are delivering the proper number of products to the right loc…
 
DPP or Direct product profitability is a crucial statistic that opens up room for high-turning items while closing down space for slower-moving and less profitable ones. That‘s why nowadays most retailers focus on direct product profitability analysis. With this in mind, we’ve put together the details of Direct product profitability including the d…
 
As a company owner, you are aware of how your supply chain is directly impacted by the demand for your goods and services. No matter how well a company offers its goods and services, customer demand and sales will change over time. Nevertheless, Companies can prepare their supply networks to prevent negative effects by foreseeing …. View detail htt…
 
Despite the fact that this issue has been extensively researched, many businesses still struggle with balancing supply and demand because it results in either lost profits or having too much inventory on hand. Sadly, understocking or overstocking is frequently seen as a binary decision that must be taken, but balancing supply and demand offers a ….…
 
You can determine how fast a business can transfer its inventory into money by measuring the days in inventory. Knowing how to compute days in inventory will provide you with the necessary abilities to thrive in the finance and accounting sectors, including formula knowledge and the ability to interpret data. This article examines inventory days ….…
 
When businesses want to store information in moving goods from suppliers, they will use goods receipts. Seen as an important component in managing the movement of items in the warehouse, goods receipts will help make this process more transparent and optimize the business’s shipping decisions. What is a goods receipt? Goods receipt is a document ….…
 
Demand signal management creates consistency for structured or unstructured market data. This will be the premise for business owners to make a business plan when they are provided with an overview of market demand. This is considered a useful tool for businesses that are looking for suitable business strategies in the near future. Demand signal ….…
 
The list of problems that negatively affect the sales of a business cannot be complete without the cost of lost sales. The cost of lost revenue is a problem that many businesses have. Without the right strategies to minimize it, you will lose customers, affecting revenue and the image of your business. So understanding the …. View detail https://bl…
 
Fred Claire, Willie Sanchez, and Marg Langill join the podcast to discuss the first All Star game in LA in 1980 and how that game changed history for those to follow. We discuss the 2022 game and how it came to be. For a limited time during 2022, use the code “LIFO” for 15% off one-time packs on sujajuice.com.--- Send in a voice message: https://an…
 
The cycle service level is a metric that tells you the probability that your warehouse won’t run out of stock, meaning there won’t be enough stock to fulfill orders. Understanding the concept and analysis of ways businesses are using to calculate cycle service levels and a number of other related issues will help you have …. View detail https://blo…
 
Having inventory ready for customers assists firms in meeting their consumers’ order demands. Suppliers generally categorize inventory based on its usage or priority, like cycle inventory, which is required for daily company operations. Cycle inventory is one of the most significant inventory management approaches. It is the percentage of your inve…
 
Inventory management is complicated, including several parties, suppliers, SKUs, and manufacturers, and is sometimes influenced by variables outside the buying or planning departments’ control. Choosing how much inventory to store is not an easy issue. However, it is important to save up cash and reduce potential customer service concerns. Inventor…
 
Sending more of your products to market is a crucial aspect of satisfying rising customer demand. Producing such extra commodities is sometimes as simple as adding more shifts to production or working more fields. However, those extra commodities cause further problems in the supply chain. In that situation, one approach to the space problem is …. …
 
Food price volatility creates significant dangers, affecting everyone from producers to consumers, particularly in developing nations. It remains a critical policy priority since its destructive consequences on sustainable farming and food security, especially for the poor. That is the reason why governments have used various ways to keep domestic …
 
You may have seen some odd numbers and figures if you’ve been going through your old LTL shipping bills. Such logistics companies regularly utilize a variety of terminology and jargon, making it very difficult for clients to understand what they are stating. Are they merely deceiving us in order to tack on more fees? The …. View detail https://blog…
 
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