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Topic: inventory management software

How to Tackle the Challenges of Omnichannel Inventory

Using omnichannel in retail is a sign of the evolution of the industry. Customer journeys used to start and finish in the brick-and-mortar store. These days customer journeys follow an omnichannel experience – they shop online, use their mobile phones, they go into the brick-and-mortar stores, and call in to support centres. No matter how [&h ... Read More

  December 22, 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     

How Can the Internet of Things Help Your Online Inventory Management?

When we talk about how the digital age is reshaping and revolutionising how we do business, we’re often talking about the obvious impact of person-to-person devices like computers and smartphones. But the last few years have seen the rise of the Internet of Things, and it’s a new concept that business owners should be aware […] ... Read More

  December 13, 2018     

Inventory Optimisation for Greater Inventory Control

The biggest challenge of inventory control is getting the balance right, to meet the challenge of matching supply volumes to customer demand and with any good enterprise or activity, it usually pays to start with the basics. Inventory optimisation basics There are many different inventory control techniques out there, knowing what to stock and the ... Read More

  December 10, 2018     

How To: Improving Your Inventory Turnover Ratio

If you’re in business, you may have heard of something called inventory turnover. So, what exactly is it and why is it important for business owners? In this article, we explore the ins-and-outs of inventory turnover and how you can improve your inventory turnover ratio to maximise the success of your company. The basics Essentially, […] ... Read More

  December 7, 2018     

The True Cost of Poor Inventory Control

For small businesses just starting out, inventory management may seem like an unnecessary burden, but it is, in fact, one of the key processes involved in running a successful company. Good inventory control can improve sales, customer satisfaction and the overall productivity of a business, so it is essential that you do it right. In […] ... Read More

  December 7, 2018     

Smoothly Adopt a New B2B eCommerce Strategy

Businesses are taking a leaf out of the B2C eCommerce industry by implementing eCommerce for their B2B clients. This is a fantastic move with a recent survey revealing that 80% of the B2B eCommerce companies surveyed claim that their customers’ expectations strongly reflect those of the typical B2C customer. If you are considering adopting B2B [& ... Read More

  November 29, 2018     

Mastering the Challenges of B2B Order Fulfilment

Anyone in the business of selling goods to other businesses will know that doing so successfully is not necessarily a simple task. Business-to-Business (B2B) order fulfilment is a complicated process and must be carried out with precision and care, and there are often a range of factors to consider. From failing to keep accurate stock […] ... Read More

  November 24, 2018     

Why Small Businesses Should Implement Inventory Management

Inventory management can be a complex task for any business to master. Trying to optimise inventory stock levels can seem like an endless battle. Sometimes you end up with too much or too little. This trial and error saga continues for businesses who don’t have the right inventory management systems in place. Small businesses often […] ... Read More

  November 22, 2018     

How Inventory Management Has Evolved Over Time

When it comes to inventory management, there has been a significant shift in the way warehouses operate today and the future holds even greater changes. It is certainly an exciting time for inventory management as the evolution is rapidly changing. Manual inventory management In most warehouses, the days of pens, paper and spreadsheets are coming [ ... Read More

  November 19, 2018     

Using Online Inventory Management to Give Your SME a Competitive Edge

As a small business competing in a large market, tracking inventory is the first step to grow into a successful company. Online inventory management for businesses of all sizes is becoming the new norm, with customer expectations of delivery times and stock availability becoming tougher for smaller businesses to meet. By updating to an online [&hel ... Read More

  November 16, 2018     

Getting a Grip on Order Fulfilment

As a retailer, you want to do everything you possibly can to serve your customers and boost your business. An effective way to keep that happening is by making your fulfilment of products you dispatch as easy as possible. With online inventory management software, you can improve your order fulfilment and deliver best-in-class service to […] ... Read More

  November 16, 2018     

The Best of Both Worlds: Integrating Inventory Management Software and Accounting Software

Inventory management software has become an indispensable tool for many successful business owners who recognise the importance of accurate inventory management. Likewise, accounting software is invaluable for even small businesses, providing key data on business performance. Even for new business owners, it doesn’t take long to recognise the imp ... Read More

  November 14, 2018     

4 Benefits of Integrating Inventory Management and Accounting Software

Inventory management software is a must for a business of any size and so is accounting software to improve efficiencies and organise businesses smartly. Accounting software defines the current standing of your company while inventory management software is used to maintain inventory health. Inventory management is about knowing what you have in yo ... Read More

  November 8, 2018     

How to Manage Inventory with the BOPIS Model

The shopping experience has become increasingly digitised over the years and increasingly caters to the customer need for convenience. This usually means faster delivery time and new financing methods such as Oxipay and Afterpay. In addition, in recent times many retailers have taken on a new order fulfilment options for consumers – the BOPIS ... Read More

  October 19, 2018     

5 Easy Tips to Reduce Your Inventory Shrinkage

When your physical stock in the warehouse doesn’t agree with the inventory on record, you’ll have a problem on your hands. You now have the onerous task of figuring out where the rouge inventory went so you can reconcile the numbers. This is what we call inventory shrinkage. It occurs where inventory disappears or cannot […] ... Read More

  October 16, 2018     

Get Started on Reducing Your Inventory Shrinkage

Inventory shrinkage can create major problems for businesses because it can result in a loss of sales and profits. The 2016 National Security Survey revealed that inventory shrinkage costs businesses a staggering $45.2 billion in 2015 alone. To help combat this expensive problem, here are five proven ways to reduce inventory shrinkage by putting so ... Read More

  October 10, 2018     

The 5 P’s of Inventory Shrinkage

Inventory shrinkage is a term used to describe the loss of inventory. It is the difference between the physical count of inventory stock and the recorded quantity. Categorised as inventory waste, the four major types of inventory shrinkage are shop-lifting, theft by employees, clerical errors and supplier fraud. Placement Shoplifting is the leading ... Read More

  October 10, 2018     

Having an Online Presence Doesn’t Make You an Omnichannel SME

Most small business owners understand why they should invest in an online presence for their business. Even for a small local store, online offers many benefits. Providing greater visibility to consumers who, when looking for a product or service tend to always search online first. An omnichannel SME however, is so much more than being […] ... Read More

  October 9, 2018     

4 Features Your Inventory Management Software Needs to Have

For any business, they must have a method to address the challenges of inventory. This is especially the case for growing businesses. With so many inventory management solutions out there in the market, how do you prioritise the features? Here are a few essential things to look out for in cloud-based inventory management software. Consistent [&hell ... Read More

  October 8, 2018     

5 Myths of Inventory Control

Inventory can account for a substantial chunk of your business’ assets. Therefore, optimal inventory management is crucial to a business’ ongoing success. It is important for entrepreneurs to understand inventory control and inventory myths and misconceptions. 1. Start the business first Inventory control is important for the success of any bus ... Read More

  October 3, 2018     

Overcome the Challenges of Inventory Control for the Food and Beverage Industry

Effective inventory control is difficult in any enterprise, but especially so for the food and beverage (F&B) industry due to factors such as the limited shelf life of products, food safety compliance requirements and managing the complexities of recipe control. The ability to determine and manage expiry dates is indispensable because of the l ... Read More

  October 2, 2018