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The Secret to an Online Retailer’s Success Lies in Great Inventory Management
For online retailers, inventory management can be a real challenge, especially as a business grows. Business owners and inventory managers must ensure the stock levels recorded online correspond to the actual physical stock levels in the warehouse; stock discrepancies can have far-reaching consequences. Inventory management for online retailers can ... Read More
April 22, 2019 barcode, eCommerce, inventory control, inventory management, inventory stock, online inventory management5 Ways to Improve Inventory Accuracy When You’re Overwhelmed With Stock
Optimum inventory management relies on accurate data so that inventory orders can be balanced with sales. By data, we mean the numbers and categories of stored and sold product, expiration dates and storage locations so that there is always just enough product ordered in to satisfy consumer demand and sales. Improving accuracy around inventory data ... Read More
April 8, 2019 barcode, inventory control, inventory management, inventory tracking, stock count, warehouse managementInventory Control Techniques that Help Save You Time
The success of your business centres on the ability to effectively manage your inventory stock and to do it in a way that is both timely and efficient. Time is a limited resource in any organisation and inefficiencies in its management can have a negative impact on your operating processes and your ability to deliver […] ... Read More
April 2, 2019 barcode, inventory control, inventory tracking, retail, time managementHow to Tackle the On-demand World of Inventory Management
It’s fast-paced, it’s busy, it’s all things go, all the time. Inventory management is an around the clock operation and the pace isn’t slowing down. The way we shop has rapidly changed. This means the way we manage inventory has rapidly adapted as well. Just think about the most basic transaction of going into a […] ... Read More
February 28, 2019 barcode, inventory control, inventory management, inventory management software, supply chain5 Best Practice Inventory Control Techniques for Warehouse Management
Good inventory control techniques for warehouse management start with an organised and well-maintained site. Managers should regularly inspect warehouse operations, ensuring that stock is stored in a way that allows staff to easily and safely access it. Below are some best practice inventory control techniques to help improve your operations and en ... Read More
February 9, 2019 barcode, inventory control, inventory management, stock control, stocktake, warehouse managementIt’s Time to Make Inventory Management Improvement Your Top Business New Year’s Resolution for 2019
Pat yourself on the back — you’ve made it through Black Friday, Cyber Monday and Christmas! Keep in mind though, there are still January sales to manage and many things can still go wrong for business owners during this period, especially with tracking and inventory management. There’s no time like the present to get your […] ... Read More
January 16, 2019 barcode, inventory management, inventory management softwareInventory Management for Multiple Warehouses: The challenges companies face
The warehouse is the heart of inventory management where all goods receipted in, handed to production and shipped out must be in perfect synchronisation, no stream accumulating more than the others. This is not an easy task and requires a lot of attention to detail and dedication, and it becomes even more difficult where multiple […] ... Read More
November 30, 2018 barcode, inventory control, multiple warehouses, warehouse managementThe Ongoing Evolution of Inventory Control
Prior to the industrial revolution, inventory control was all but not existent. Sure, some merchants and shopkeepers would count their stock numbers at the end of each day to determine what had been sold. Or perhaps they wrote down all sales and deducted the transactions from the inventory quantities they presumed they had. Either way, […] ... Read More
November 27, 2018 barcode, inventory control, RFIDTime for Better Inventory Management Software
Having sound inventory management processes is crucial to any company dealing with inventory stock and can directly impact the company’s bottom line. No one solution will satisfy every company’s needs; this holds true for your own company. As your company grows and expands, so should your inventory management system in order to streamline proce ... Read More
May 17, 2018 barcode, inventory management, inventory management software, spreadsheets3 Signs It’s Time to Rethink Your Stock Control
Managing inventory well will look different for every company; lean companies have less inventory, risk averse businesses have more. Every business keeps track of their inventory slightly differently. As your business grows, you’ll need to think critically about how effectively you’re keeping track of this important facet of your business. But ... Read More
May 5, 2018 barcode, inventory control, stock controlA Successful Stock Take: Six Mistakes to Avoid
Stock taking is a crucial event on any business’ calendar – it’s that time of year, quarter or even month for businesses to reconcile the actual stock in the warehouse against the stock on the books. Your stock take will look different depending on the type and size of business you run. That said, there […] ... Read More
January 15, 2018 barcode, inventory automation, RFID, stock takeApplying the Barcode to Inventory Management
In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. There are two main components involved with using a barcode, which include barcoding hardware and barcoding software. With a basic understanding of these concepts, we will look at its application to inventory and how it can […] ... Read More
December 14, 2017 barcode, barcode scanner, barcoding, benefits of barcodingWhat Barcoding Means for Distribution
Barcoding technology has revolutionised inventory control and has played an important role in streamlining the distribution industry. From receipt to dispatch, distributors will often process hundreds, if not thousands of stock keeping units per day. Hand-held mobile devices improve picking accuracy by 99.9 percent and efficiency by up to 15 percen ... Read More
December 12, 2017 barcode, barcode types, inventory control, stock takeThe Ins and Outs of Barcoding
Barcoding software and hardware are essential tools for accurate stock taking in business. These tools give you easy access to a centralised record of information pertaining to your company’s stock, including pricing, availability, stock levels and product tracking. In general, barcoding systems are essential for running a successful business, co ... Read More
November 25, 2017 barcode, inventory controlBarcodes: How to decode them
In June 1974, a packet of Wrigley’s chewing gum was the first item to be scanned with a barcode in a shop. Since then, barcodes have become extremely prevalent. A barcode or universal product code provides a platform to enter numerical data into a computer very quickly. You can see them on products you buy […] ... Read More
October 28, 2017 barcode, barcode scanning, inventory trackingBarcodes Simplify Stock Management for Food Manufacturers
The market for processed foods has undergone a significant transformation in the past decade, with a decisive shift towards premium, health-focussed products. This trend is particularly evident in the snack products space, where producers have experimented with innovative ingredients and have responded to customer demand for organic, natural and et ... Read More
September 19, 2017 barcode, barcoding, benefits of barcoding, stock control, stock managementStock Control To Maximise Your Small Business
For a small business, every cost counts. Small businesses will look for ways to save costs through different ways. One way small businesses think they are saving costs is by managing inventory manually. A familiar mindset is that “In the past it was done manually, and if we do it ourselves it will save money.” […] ... Read More
September 13, 2017 barcode, barcode scanning, barcoding, benefits of barcoding, inventory automation, inventory management, stock controlBarcoding 101: The Different Types of Barcodes
Barcodes are a useful tool to improve inventory management in any business. In particular, barcodes increase data reliability, speed up data entry and allow you to easily implement real time inventory control. A barcode is essentially an image that represents data, and although the concept behind barcodes is simple, it pays to understand the variet ... Read More
September 6, 2017 barcode, barcode types, common barcodes, inventory trackingA Distributor’s Guide To Inventory Stock Control
We understand that barcoding is about pictorially displaying information with other key data points linked to it. This is the basis of barcoding and though simplistic in its concept, it can be a very powerful tool for the distribution industry. However, a barcode is nothing on its own and must be incorporated with a good […] ... Read More
September 5, 2017 barcode, barcoding, benefits of barcoding, distribution, distributors, inventory control, inventory managementBarcode Scanning to Track Every Moving Part
Small businesses sometimes struggle with inventory control but, unfortunately, many of these businesses consider that they do not have the time or capital to spare to implement a solution. In reality, an effective stock control system is likely to save both time and money. An automated or semi-automated inventory management system that combines bar ... Read More
August 25, 2017 accurate data, accurate inventory, barcode, barcoding, benefits of barcoding, efficient inventory management, inventory management softwareA Short History of Barcoding
Today, barcoding is a staple of inventory management and life. Virtually every consumer product is barcoded with EAN or UPC codes, our mail is often labeled with barcodes and even advertisements often now contain ‘2D’ barcodes pointing us to a merchant’s website or promotion. Without barcodes, the task of controlling large inventories would b ... Read More
August 23, 2017 barcode, barcode history, barcode types, barcoding, benefits of barcoding, common barcodes, inventory managementBeyond Barcoding
The buzz is all about barcoding and how it can benefit companies the world over in optimising their internal processes to save time and money. However, barcodes are not the end of the story when it comes to inventory management and product tracking. Let’s explore some of the alternatives to traditional barcodes. RFID RFID or […] ... Read More
August 18, 2017 barcode, barcode types, barcoding, inventory control, inventory management