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 inventory control, inventory management5 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 business challenges, inventory management, inventory management software, multichannelHow 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 business intelligence, inventory management, real-time reportingCan 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 business intelligence, inventory management4 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 inventory control, inventory levels, inventory management, stocktakeTop 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 B2B, B2C, inventory management, seasonal demandHere’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 inventory management, manufacturing, Unleashed featuresOvercoming 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 cloud-based software, inventory management, inventory management softwareOnline 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 inventory control, inventory management, inventory management software, purchase orderThe 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 inventory control, inventory management, inventory management software, stock takeWest 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 AU, cloud inventory management, cloud-based software, inventory management, inventory management softwareBig 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 eCommerce, inventory control, inventory managementThe 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 inventory managementSolving 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 inventory control, inventory management, inventory management software, inventory stockAn Overview of Best Practices for Efficient Purchase Ordering
A purchase order (PO) is a document issued from a buyer to a seller that communicates a request for procurement of goods or services. PO’s also form part of an organisations inventory control practices; they help to increase purchase efficiency and serve as a legally binding contract, enforcing the deal between purchaser and supplier. Getting [&h ... Read More
September 18, 2019 inventory control, inventory management, procurement, purchase orderPurchase Orders and Purchase Requisitions: What’s the Difference?
Supply chains are a fundamental tool for any inventory business. However, supply chains are a very involved and sometimes complex process. It’s vital to understand how the procurement process works and making sure you understand what different parts of the process mean. Two key parts of the procurement process are the purchase order and purchase ... Read More
September 10, 2019 inventory control, inventory management, purchase order, supply chainWhy Sales Reports are Important to Inventory Management
When managing your inventory, you are always looking for ways to optimise and improve your operations. Trying to keep healthy levels of inventory without overstocking or understocking is a difficult practice that most inventory businesses experience. Having inventory stock go in either direction can be a costly exercise. This can lead to greater pr ... Read More
September 9, 2019 inventory control, inventory management, inventory reportingHow To Ensure Best Practice Use Of Your Business Intelligence Dashboards
Business intelligence dashboards (BI dashboards) are a technological approach to analysing and presenting information visually in a practical and actionable way. BI dashboard design combines charts and graphs on a single screen to give readers a clear picture of the business data they are assessing. Understanding how to use business intelligence to ... Read More
August 27, 2019 inventory management, inventory reporting, real-time reportingOvercoming Frustrating Inventory Challenges for Restaurants
Managing inventory can be stressful and time-consuming, and let’s face it, traditional methods of tracking inventory stock aren’t very effective anymore. To help eliminate this stress and save your establishment money, we’ve collated the most common frustrating inventory challenges for restaurant owners and managers. You’ll be delighted to ... Read More
August 21, 2019 inventory control, inventory management, inventory management softwareInventory 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 back order, cloud-based software, inventory control, inventory management, inventory management software, inventory reporting4 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 data, data accuracy, data hygiene, inaccurate data, inventory management3 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 inventory balance, inventory levels, inventory management, inventory management system