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> Business tips
May 25, 2017
The Basics of Inventory Management
Inventory is a vital part of any retail or manufacturing business, yet inventory management often doesn’t get the attention it deserves. If you think...
May 24, 2017
Five Strategies to Reduce Freight Costs
For businesses that deal in large quantities of inventory, transportation costs can have a significant impact on profitability and growth. Transport costs can be...
May 23, 2017
Unlocking Freight Savings through LTL Shipping
LTL, or ‘less than truckload’ shipping, generally refers to palletised and oversized parcel shipments that do not fill a carrier’s truck. LTL consignments are...
May 22, 2017
A roadmap for continuously improving inventory man...
Unfortunately, with inventory management and indeed as with anything, there is no reaching your destination and sitting back, confident that you ‘have arrived’ with...
May 20, 2017
A few how-to’s of SaaS for a small business
It is difficult for small businesses to compete with large companies that monopolize the industry. But it seems that, currently, we are coming back...
May 18, 2017
Inventory valuation – a look into FIFO
The first thing we need to establish, is that inventory costs a certain amount to purchase or produce, but that price might not be...
May 17, 2017
Managing Risk: Five Strategies to Strengthen Your ...
Supply chains make and break businesses. The best thought out marketing plans and the most efficient inventory management strategy are unable to compensate for...
May 16, 2017
Inventory Control Benefits Your Business
Inventory management is the process that controls the constant movement of inventory to meet production needs and consumer demand. If your stock isn’t continuously...
May 15, 2017
Creating Efficiencies in Distribution Inventory
Distribution and wholesaling revolve around inventory. Distributors are in the business of consolidating procurement and minimizing cost for retailers and other businesses. Because distributors...
May 13, 2017
When is Stock Considered Inventory?
For many businesses, inventory is one of the largest items on the balance sheet, so it is important to understand what constitutes inventory. In...
May 12, 2017
A Handle on Procurement: The Cost of Purchasing In...
In this highly competitive economic climate, many businesses are scrambling to reduce. One cost that is often overlooked is the cost of procurement –...
LIFO and when it is sensible to use it
‘First come, first served’ and ‘use the oldest milk in the fridge first before it goes off, dear’ among other phrases and situations all...
May 10, 2017
Warehouse and Inventory Management: Same, Same or ...
Warehouse and inventory management are often seen as interchangeable practices - there are however, subtle differences in their complexity.
May 9, 2017
Inventory Strategy: Where to Start
Most of the stress involved in good inventory practice can be resolved by identifying the right inventory management strategies for your business.
May 6, 2017
The Importance of Accurate Costing
Regardless of the size of a business or where it chooses to operate, one necessity remains constant, and that’s the need for accurate costing.
May 5, 2017
Four Reasons Why Accurate Inventory Is Critical Fo...
Knowing your inventory is critical. Here are four reasons why access to up-to-date, accurate inventory will keep you trading and protect your bottom line.
May 4, 2017
Trade Barriers: Mitigate the Impact on your Busine...
If your business involves importing or exporting inventory, be aware of and be prepared to mitigate potential impacts of trade policy on your...
May 1, 2017
Uncertain Transportation Costs: An Opportunity to ...
Uncertainties in transportation capacity, underlying costs and demand mean that the cost to merchants can be difficult to understand and plan for.
April 28, 2017
8 Key Factors that Influence Freight Costs
If your business involves inventory - whether you are a wholesaler, manufacturer or retailer - freight charges are one of the key costs of...
April 27, 2017
What is negative inventory?
Negative inventory is a minor issue; the gap between your actual on-hand inventory and the stock recorded in your inventory system.
April 26, 2017
Inventory Control 101: A Short History of Inventor...
Inventory control allows centralisation by allowing management to keep track of stock across multiple warehouses, anywhere in the world.
April 25, 2017
Is your inventory in top shape?
Inventory health is where a healthy balance between stock in and stock out is achieved, which helps business growth in the longterm.