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Topic: inventory management

Identifying and Solving Cashflow Problems

Cashflow is the amount of cash and cash equivalents that move through your business within a given timeframe. Cashflow provides a good indication of the health of your business and is essential for measuring its liquidity. Many cashflow problems are temporary but even a profitable business can fail because of cashflow issues, particularly during ti ... Read More

  March 24, 2020     

Inventory Management Uncertainty? You’re Not The Only One

If you’re trying to get on top of your inventory management, but struggle with the many unknowns involved with inventory control, you’re not alone. It’s difficult to predict demand and how the economic environment will impact your business. It changes how you buy and reorder your stock. Deciding whether you want to reorder stock can [… ... Read More

  March 20, 2020     

The Complex Connection Between Cashflow and Inventory

Cashflow and inventory are intricately linked to each other. This is an important concept to understand for inventory managers and business owners alike, as a tell-tale sign of successful business is optimising cashflow and keeping your inventory to a safe minimum. Here we will consider the relationship between cashflow and inventory and how you mi ... Read More

  March 18, 2020     

What’s Hot in Retail: Conscious Consumerism

Organic, Vegan, Cruelty-free, Paraben-free, Fair Trade, Living Wages, No preservatives, 100% recycled materials, Keep Cup… and the list goes on. What do all these phrases and words have in common? They are consistently and repetitively heard on the lips of consumers, seen in advertising and actively guiding and emboldening the purchasing power of ... Read More

  March 13, 2020     

Reduce Your Inventory Costs With These Strategies

In any business model, cutting unnecessary costs wherever possible is always a good strategy to improve company profitability. One area in which business managers may like to remove unnecessary costs is inventory. Inventory can entail a raft of costs — known and sometimes unknown or hidden — which can really lock up a business’ cashflow. ... Read More

  March 12, 2020     

How Do Inventory Risks Impact Your Business?

Understanding the types of inventory risks that may be impacting your business will shed light on the best strategies to mitigate against these risks for your inventory control needs. Types of inventory risk As an owner or manager of a business, you need the right products in stock at the right time to be available […] ... Read More

  February 25, 2020     

How Does Inventory Management Affect Cashflow?

Good cashflow is key to the success of every business. Bad cashflow can have seriously negative effects on the overall productivity of the business, including a negative impact on the businesses bottom line. Growing businesses may not realise that good inventory management can actually be make-or-break for the quality of a company’s cashflow. In ... Read More

  January 31, 2020     

7 Types of Inventory Risk and Their Impact On Your Business

The main purpose of carrying inventory is to provide your customers with the goods and services they expect, when and how they expect them. Businesses make significant financial investment into inventory to facilitate the running of their business, for the purpose in which that business exists. Holding inventory, however, comes with numerous risks ... Read More

  January 27, 2020     

Is Your Business Experiencing Inventory Risk?

When you have a warehouse full of inventory stock, there is a lot to keep track of to make sure everything gets stored, accounted for and distributed properly. Having a healthy supply of inventory stock helps your business ensure it can meet customer demand. To keep up with demand, this often means you need a […] ... Read More

  January 22, 2020     

5 Strategies to Improve Cashflow for Manufacturers, Wholesalers and Retailers

Any business needs good cashflow to prosper because cashflow provides the funds necessary to pay bills, cover operating expenses, purchase inventory stock, pay employee wages, provide positive customer experiences and to invest back into the business. Cashflow represents the money available at any given time to keep a business running. It accounts ... Read More

  January 17, 2020     

How Inventory Control Can Benefit from Artificial Intelligence

Effective inventory control centres on the fine balance of holding enough inventory to ensure the business operates effectively while avoiding the overstocking that ties up valuable cashflow and leads to waste. Inventory control can benefit from artificial intelligence (AI) because AI provides powerful insights for companies, highlighting interesti ... Read More

  January 16, 2020     

Can AI Improve Your Inventory Management?

In our increasingly digital world, artificial intelligence (AI) is becoming part and parcel of our lives –and it is becoming particularly useful to business owners and inventory managers. In this article, we explore the relationship between AI and inventory management, and how AI can assist in inventory management. What is AI? AI is essentially a ... Read More

  January 9, 2020     

4 Causes of Inventory Discrepancy in Your Stocktaking (And What You Can Do About It)

An inventory discrepancy happens when the actual on-hand inventory stock is different from the item quantity recorded in an inventory system. Discrepancies are not uncommon and can have a substantially negative impact on any business operation. Undetected stock discrepancies can result in lost sales, overstocking and poor customer service. Frequent ... Read More

  January 7, 2020     

Top 3 Things Multichannel Retailers Need to Consider Before the Holiday Rush

The holiday season is an exciting time for retailers, with shoppers swarming in ready to spend on gifts; B2B retailers can also experience a surge in demand. Retailers simply cannot rely on an increase in demand to produce sales and profit. A lot of planning goes into having a successful and efficient holiday season in […] ... Read More

  November 27, 2019     

Here’s to Better Visibility Over Complex Recipes with Sub-Assembly

For businesses that make, manage or move products, having visibility over their assemblies, disassemblies and Bill of Materials is crucial — especially if they are complex and involve multiple levels. Without such insight, it has the potential to slow down productivity and manufacturing efficiency. We have recently released sub-assembly, a highly ... Read More

  November 12, 2019     

Overcoming Inventory Challenges with Cloud Software

Effectively managing inventory is key to the success of companies in the business of selling goods. Without accurate and efficient inventory management, a business can experience delays in order processing, overstocking or understocking and more. These things end in customer dissatisfaction, and ultimately the demise of the business. Traditional in ... Read More

  November 2, 2019     

Online Inventory Control and the Importance of Purchase Order Tracking

A purchase order (PO) represents a legal contract between a business and its suppliers for the purchase of goods and services. POs help to ensure that the right quantity of goods or services is delivered in a specified time frame and at the level of quality expected. They also provide a framework for accurate inventory […] ... Read More

  October 29, 2019     

The Unique Challenges Inventory Management Poses to the Restaurant Industry

Restaurants are arguably one of the most challenging businesses in which to control inventory; the fundamental nature of supply, demand and the products themselves set them up for a fickle inventory ride. They are governed inevitably by seasonal availability and subsequent pricing, trends and individual palates, health and safety compliance, the pr ... Read More

  October 21, 2019     

West Winds Gin Unlock Cloud App Benefits Using Unleashed Software

Having the right inventory management software in place that will grow as you scale your business can deliver immeasurable benefits — just ask Paul White, CEO of West Winds Gin. He shares his company’s journey of transitioning from spreadsheet to cloud software. Here’s their story. Good gin’s important because life’s too short to drink ba ... Read More

  October 15, 2019     

Big Obstacles for eCommerce Retailer

Inventory management is a vital part of a retail business. When you’re selling products via eCommerce platforms, it is even more important to make sure your inventory is under control. There are still a significant amount of retailers who run a stock take manually to manage their inventory, which leads to many problems on how […] ... Read More

  October 11, 2019     

The Ins and Outs of Developing a Great Labelling Strategy

A labelling strategy is a vital part of running a successful business which effects both the product and its value to the customer but also internal operations such as inventory management and warehouse management. It can be a simple thing yet goes a very long way to supporting almost every company operation. In this article […] ... Read More

  October 9, 2019     

Solving Traditional Inventory Challenges with Online Inventory Control

Marketplaces are constantly changing, and eCommerce is driving increased competition for both large organisations and SMEs from across the globe. Supply chains are becoming increasingly complex and customers are correspondingly as demanding as they are more vocal about their experiences. Factors affecting inventory managament are becoming equally c ... Read More

  October 4, 2019