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How to calculate safety stock – with formulas and examples featured image
November 27, 2020
5 Minute Read

How to calculate safety stock – with formulas an...

To calculate safety stock, work out your average daily use for a product and multiply it by its average lead time – how long i......
Topic: accurate inventory excess inventory inventory management Inventory Metrics Inventory Reporting safety stock
Understanding What Is Inventory Management featured image
November 23, 2017
3 Minute Read

Understanding What Is Inventory Management

As a component of supply chain management, inventory management oversees the flow of goods or components from manufacturing to w......
Topic: accurate inventory business growth inventory management supplier relationship
Designer and manufacturer The Pillow Collection embraces efficient cloud-based inventory management system with Unleashed featured image
July 11, 2017
2 Minute Read

Designer and manufacturer The Pillow Collection em...

https://youtu.be/Qg7bFvTiIsw?rel=0 Now into its fifth year, The Pillow Collection designs and manufactures designer throw pillow......
Topic: accurate inventory America cloud-based inventory customer stories inventory management software The Pillow Collection US USA
Accurate Inventory Costing: Why It’s Critical for Success featured image
July 4, 2017
3 Minute Read

Accurate Inventory Costing: Why It’s Critical fo...

For most stock-based businesses, inventory is likely to be the business’ biggest asset. Even if a business has some other, hig......
Topic: accurate costs accurate inventory inventory accounting inventory cost production cost
Conducting a Successful Stocktake featured image
July 1, 2017
2 Minute Read

Conducting a Successful Stocktake

A stocktake is a record of the inventory a business has on hand, which is commonly done at the end of the year. However, some bu......
Topic: accurate inventory accurate stock counts inventory management inventory tips stock take stocktake
The Benefits of the Just-In-Time Approach featured image
June 29, 2017
3 Minute Read

The Benefits of the Just-In-Time Approach

In inventory management, the Just-In-Time or JIT system reduces wastage, improves efficiency and productivity, and contributes t......
Topic: accurate inventory inventory methodology JIT just-in-time just-in-time methodology manufacturing production cost supplier relationship
Why Accurate Inventory Levels are Essential featured image
June 28, 2017
2 Minute Read

Why Accurate Inventory Levels are Essential

Inventory is vital for any goods sector business; retailers and wholesalers rely on inventory for sales, while manufacturers nee......
Topic: accurate inventory inventory cost inventory levels overstock overstocking sales performance under stock understocking
Accurate Inventory Records are Crucial for Success featured image
June 5, 2017
2 Minute Read

Accurate Inventory Records are Crucial for Success

Without keeping an accurate record of your company’s inventory, you risk dissatisfying your customers and ultimately, losing p......
Topic: accurate inventory business forecasting customer satisfaction employee satisfaction inventory records overstock under stock
When is Stock Considered Inventory? featured image
May 13, 2017
3 Minute Read

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 constitut......
Topic: accurate inventory consignment inventory inventory carrying costs stock management
4 Reasons Why Accurate Inventory Is Critical For Success featured image
May 5, 2017
3 Minute Read

4 Reasons Why Accurate Inventory Is Critical For S...

Knowing your inventory is critical. Here are four reasons why access to up-to-date, accurate inventory will keep you trading and......
Topic: accurate data accurate inventory overstock stock shrinkage understock
The Benefits of Correct Inventory Levels featured image
March 9, 2017
3 Minute Read

The Benefits of Correct Inventory Levels

Maintaining accurate inventory levels is a crucial part of a business. Here are five benefits of having correct inventory levels......
Topic: accurate inventory customer service retention inventory as capital stock count stock reorder

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