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Topic: inventory management

Inventory Backorders And Their Impact On Inventory Control

Effective inventory control is a balancing act between reducing the costs of holding too much inventory stock with the need to maintain enough stock to meet customer demand. Stockouts in many cases lead to lost sales and customer dissatisfaction but what if there is a customer order that cannot be immediately filled but for which […] ... Read More

  August 20, 2019     

4 Warning Signs of Bad Data

We are living in a big data world mainly attributed to how business is vastly conducted with the use of computers and technology. These modern-day processes and operations give us the ability to keep digital records of large data sets that can then be analysed for trends sometimes offering powerful and valuable insights. On the […] ... Read More

  August 15, 2019     

3 Common Methods for Analysing Inventory on the Balance Sheet

Business owners need to take care when analysing information displayed in the company’s balance sheets. A statement of the assets, liabilities, and capital of the business, the understanding and interpretation of the balance sheet can have a huge impact on the direction of inventory management and the overall success of the business. It is extrem ... Read More

  August 13, 2019     

How to Overcome 5 Challenges of Restaurant Inventory Control

Controlling and monitoring inventory stock is an ongoing challenge for may restaurant owners. Properly managing your restaurant inventory is, however, crucial to the financial and operational functions of the restaurant from the perspective of waste reduction and controlling your food costs. May restauranteurs find inventory stocktaking to be a tim ... Read More

  August 12, 2019     

DJ Papers says goodbye to cumbersome software for better cloud-based alternative

DJ Papers were facing a growing problem: their bespoke backend system was hampering business growth and their inventory management was spiralling out of control. We had a chat with Karyn Greenwood, finance manager of DJ Papers on how their team overcame those problems. DJ Papers have been a family-owned and run business since 1972. We […] ... Read More

  August 9, 2019     

How to Enhance Your Product Labelling Strategy

Running an efficient warehouse is a top priority and often sought after by business owners. There’s a ream of solutions to help you find this elusive efficiency. But when you’re looking around for different strategies to keep your warehouse at its best, you really don’t need to reinvent the wheel. It’s time to look into […] ... Read More

  August 6, 2019     

Efficient Workflow in the Warehouse: Tips to Run a Tight Ship

As the adage goes, ‘time is money’ and of course, saving time to save money requires increased efficiency. In business, the way you run your backend in the warehouse, which considers the supply, receipt, manufacture and storage of inventory, is very telling for how profitable your frontend will be. Inefficient and sloppy warehouse and inventory ... Read More

  August 2, 2019     

7 Ways to Improve Your Company’s Data Quality for Better Decision Making

If you were asked what your company’s most important assets were, you might reel off a list of the essentials such as sites, equipment, inventory stock and employees. However, what often gets overlooked, and increasingly becoming one of the most valuable assets, is company data. Data-driven decisions are not a fleeting business trend but rather [ ... Read More

  July 29, 2019     

Understanding How Aged Inventory Impacts Your Warehouse

Being able to understand the journey of your inventory stock and what it entails is a key part of inventory management. It’s also good to see if your inventory gets stuck on a part of its journey, Most often it pauses on the warehouse shelves. When you have a build-up of aged inventory in your […] ... Read More

  July 26, 2019     

3 Effective Ways to Minimise Negative Impacts of a Product Recall to Your Business

In certain industries, recall rates are high enough to be factored in as part of the business process. Recalls are particularly pertinent to automotive, food and medical industries costing companies billions of dollars. However, even the most diligent business operators are exposed to product recalls regardless of industry and whether you are a man ... Read More

  July 25, 2019     

Two Major Consequences of Poor Data on Inventory Management

As a business grows, ensuring sales data is accurate can become more and more of a challenge. And when businesses are still small, owners can easily overlook the importance of maintaining oversight of data. But the reality is that accurate data is extremely important to the long term success of a business, and inaccurate data […] ... Read More

  July 24, 2019     

Our Users Take Us Higher — We’re an Inventory Management FrontRunner Again!

Thanks to our users, we’ve reached 250 user reviews, averaging 4.5 stars out of 5 across the Gartner websites: GetApp, Capterra and SoftwareAdvice. We’re committed to providing great software that sits at the heart of many businesses because good products matter! “It is very hard to find a similar system that offers Bill of Materials [&hellip ... Read More

  July 23, 2019     

Unleashed Heads to Glasgow for Brewers Lecture

Brewers Journal is holding Brewers Lectures — a series of half-day lectures to inspire change, encourage discussion and share brewing expertise. This series is held five times a year across the UK and Ireland. The team at Unleashed will be sponsoring and attending the July lectures in Glasgow. We’ll be there to present our tips […] ... Read More

  July 19, 2019     

Should Your Business Clean up Bad Data to Help Inventory Management?

When you’re an inventory manager or a business owner, you know that it’s important to have a strong grasp on what’s happening in your warehouse. We know you work hard to keep everything going in the right direction — you implement new policies to track inventory stock, optimise the warehouse layout for shipments, and keep […] ... Read More

  July 18, 2019     

Is Your Business Sabotaging Inventory Management with Poor Quality Data?

Data plays a critical role in making sure we have the right information to run a business. But what if that information is leading you astray? Data comes through in prolific amounts these days. When it’s coming from just about every direction, it’s probably safe to say that not all data is good data. There’s […] ... Read More

  July 17, 2019     

A Peak Into the Deterministic Model of Inventory Control

The intention of inventory management is to be able to correlate the ordering quantities and frequency of products with demand so that there are always just enough products on hand, never too many and never too few. In the real world, it can be extremely difficult to predict these ordering parameters when there are uncertainties […] ... Read More

  July 16, 2019     

The Difficulties of Inventory Management and the Approach you Take

The difficulties of inventory management can be minimised simply by utilising purpose-built software, tried and true methods and adjusting one’s approach to it. In this article, we consider the difficulties of inventory management with particular attention to the reactive and proactive approaches to stock control. Reactive inventory control This ... Read More

  July 13, 2019     

Inventory Reconciliation Helps Improve Inventory Control

For any retail or eCommerce business owner, inventory stock will fluctuate constantly and there is a very real chance that your latest inventory records don’t accurately match your physical inventory stock. It is important to keep track of all your inventory and it is necessary to undertake periodic inventory reconciliations to ensure that the nu ... Read More

  July 11, 2019     

5 Ways to Enhance Your Data Quality

Not all data is created equal. Although it can be informative and helpful to your business, poor quality data can also drag you down. It’s important to keep on top of the data and to make sure it’s working to your advantage. Good quality data can help your business look at market trends, cultivate satisfactory […] ... Read More

  July 9, 2019     

Why Poor Quality Data is Hurting Your Business

Data is one of the most powerful components of a business. Information gathering and information sharing can help shape the direction of a business, and it can support both staff and customers. Data is undoubtedly a very formative part of any business and a phenomenally important asset. With data, your business can make better decisions […] ... Read More

  July 8, 2019     

How to Carry Out an Inventory Stocktake in Unleashed

Prepping for a stocktake It can get challenging to keep track of your inventory when doing a stocktake so it’s a good idea to plan a stocktake before you start it. Before you begin, pick an appropriate date and time for your stocktake that minimises disruption to your business. Don’t forget that you’ll also need […] ... Read More

  July 5, 2019     

Easy Steps Toward Better Sales Quoting

Any business owner will know how important it is to have a streamlined and successful process for sales quoting. In this article, we’ll outline a step by step process for improving the speed and accuracy of sales quoting, to ensure inventory is managed effectively. What is sales quoting? When sales transactions involve the exchange of [&helli ... Read More

  July 4, 2019