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Topic: inventory control

Thrifty Inventory Management to Save Money and Increase Profits

In today’s manufacturing arena, the common mantra is to produce more ‘faster, quicker, cheaper’ with the common goal being to instigate more interest through marketing, drive sales up and increase profits. This is all very well, however to achieve this goal, inventory management needs to be a focus. If inventory management is not considered c ... Read More

  March 8, 2019     

What’s Causing Your Inventory Management Problems and How to Avoid Them

Businesses are quickly realising that inventory control is absolutely necessary to run an efficient business and make money in the process. Especially in today’s competitive marketplace, business owners simply can’t afford to have money go down the drain. We take a look at common inventory management problems, causes and how best to avoid this. ... Read More

  March 6, 2019     

Inventory Management In An Increasingly On-Demand World

In our increasingly digital, and moreover, consumer-driven world, inventory management can be tough for business owners. Whereas traditional inventory management was fulfilled in bulk and only took into account the brick-and-mortar store, these days it’s much different. Consumers are increasingly demanding newer, more efficient and more convenien ... Read More

  March 5, 2019     

How To Improve Your Financial Health With Better Inventory Management

Small business owners may underestimate the importance of good inventory management. However, inventory management can be make-or-break when it comes to financial growth and long-term financial health. In this article, we explain how business owners can manage inventory to improve financial health. What does inventory management have to do with fin ... Read More

  March 4, 2019     

How 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     

What Are Some of the Necessary Skills of Great Inventory Managers?

If optimal inventory control is imperative to maintaining a successful, sustainable and profitable business, then it’s obvious that capable inventory managers play a crucial role in achieving this. Inventory managers are responsible for leading a team of workers as they manage the flow of inventory stock in, through and out of the business. To do ... Read More

  February 25, 2019     

Making Hay While The Sun Shines: Inventory Control During Seasonal Peaks

Businesses love peak times. Be it online or instore shopping, there’s nothing better than hearing the sound of tills opening, credit cards swiping, or computers clicking their way through to a new purchase. But during busy periods this welcome surge in business can be overshadowed by the pain of inventory control. Not only can poorly-managed [&he ... Read More

  February 22, 2019     

5 Reasons You Need Modern Inventory Solutions for Optimum Inventory Control

Innovative technologies have made their mark on every aspect of manufacturing, retail and eCommerce business, from product design through to after sale service. When deciding where to prioritise budget spend for greatest return on investment, companies have difficult decisions to make and while inventory control continues to be fundamentally impact ... Read More

  February 19, 2019     

7 Inventory Control Practices That Save You Money

Not only will effective inventory control save you money, but it can also improve cash flow in other ways. It’s important to factor inventory stock into your cashflow management because it represents money spent that won’t generate cash until your inventory has been sold. The longer inventory sits on your shelves, the more it costs, […] ... Read More

  February 12, 2019     

5 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     

How Can I Make Sure My Business is Ready for Action in the New Year?

You’ve had your Christmas party, you’ve shipped your final orders for the holiday season and you’re enjoying your time off. But it’s never too early to start thinking about the following year – and there’s plenty to think about when it comes to making the year easier on yourself and your employees. One of the […] ... Read More

  February 8, 2019     

Is Using Excel for Inventory Management Really That Bad for My Business?

If you run a small business – or if you used to run one and your business has gotten bigger – you’re probably familiar with Excel. This versatile little piece of software is great for budgeting, accounting, scheduling, project management, customer relationship management and more. In particular, Excel can be a really handy tool for […] ... Read More

  February 7, 2019     

Improve Your Financial Health with Better Inventory Control

There is a positive correlation between the quality of a company’s inventory control and its financial performance. Many financial ratios incorporate inventory values to measure aspects of a business’ financial health. For example: Inventory turnover ratio helps a business to plan and to more accurately forecast the cash necessary to reinvest i ... Read More

  February 5, 2019     

Overhauling Your Inventory Management System as the New Year Rolls In

With the first quarter of the new year in full swing, it is vital that you establish and follow resolutions for your business. Perhaps one of the most important areas of your business to overhaul and revitalise is inventory management. However, for this to be a success we must visualise what the end goal is […] ... Read More

  February 1, 2019     

How To Improve Your Business’ Financial Health with Inventory Management

Since inventory is one of the biggest assets for a company, it’s no wonder that it can impact on a company’s financial health. If inventory is poorly managed, there can be a domino effect on the company’s financial statements. For instance, if you have old stock sitting on the shelves, taking up space and not […] ... Read More

  January 26, 2019     

7 Tips to Manage Seasonal Inventory and Product Demand Fluctuations

Inventory management requires an initial effort to get right, but once you’ve established effective inventory control, ongoing management is much easier, particularly for businesses prone to seasonal spikes or significant periods of peak demand. Seasonal fluctuations affect both eCommerce and brick-and-mortar businesses equally. If a product is i ... Read More

  January 23, 2019     

Make Online Inventory Management a New Year’s Priority

A new year hints at a fresh start and it is the perfect time for businesses to improve their inventory control in preparation for the business year ahead. Effective inventory control can mean the difference between a profit or a loss. Mishandled inventory leads to unnecessary wastes of time, money and ultimately, the profitability and […] ... Read More

  January 21, 2019     

Make Optimising Inventory Control Your New Year’s Resolution

Now, this is one resolution you should not only make but also keep. You’ve survived Black Friday; the Christmas rush and Boxing Day sales and you just have the January sales to contend with. Many things can go wrong for retailers during this busy peak period and the majority of issues stem from inventory control, […] ... Read More

  January 9, 2019     

Online Inventory Management: When to Move Inventory Control to the Cloud

Spreadsheets have been around for years and admittedly there are still some situations where using spreadsheets can be a good option for an SME’s inventory control. It’s a low-cost choice for businesses with a small number of SKUs and where you have just a couple of people dealing with inventory stock management. If you hold […] ... Read More

  January 5, 2019     

3 Simple Tips to Prep Your Business for Peak Periods

It’s very common for a business to earn a substantial amount of their revenue over a short period of time. Peak periods lead to an influx of sales and it seems to happen relatively quickly. These fluctuations are important to prepare for and even more important to capitalise on. Don’t miss out on the peak […] ... Read More

  December 24, 2018     

Optimum Omnichannel Inventory Control

Omnichannel retail is certainly where it is at, however it is not without its own challenges which must be overcome for long-term business success. As with any retail company, inventory represents a large amount of tied up cash, or assets as it were, and if mismanaged, this can be a significant area for loss. Therefore, […] ... Read More

  December 20, 2018     

FSN Analysis – How It Can Be a Useful Tool for Inventory Management

FSN analysis is yet another acronym used in inventory management, however, rather than just being a buzzword, it really does hold a lot of merit to the stock manager. It is one of several useful analyses of inventory that facilitate accurate control and should be considered by anyone wanting to better understand the delicate nature […] ... Read More

  December 19, 2018