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 control, inventory managementInventory 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 inventory management, inventory management software, inventory management systemThe 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 inventory managementWhat’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 inventory managementReduce 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 inventory cost, inventory managementHow 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 inventory management, inventory management softwareHow 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 inventory management, inventory management software7 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 cloud inventory management, inventory control, inventory managementIs 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 stock