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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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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.

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.

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.

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.

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...

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.

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...

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.

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.

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.