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Topic: inventory management

Anticipation Inventory Stock Explained

Companies that produce or sell goods need to keep inventory stock on hand to meet sales demand. Occasionally they will purposely hold greater quantities of stock in anticipation of events that will or are likely to occur. This excess level of on-hand inventory is called anticipation inventory and it is predominantly held to manage the […] ... Read More

  September 19, 2018     

The Misconceptions and Myths of Inventory Management

Inventory management is the art of striking the perfect balance between production of goods and the demand for them, and it plays an integral role in keeping businesses afloat. Taking care of your inventory means having systems in place for overseeing, controlling, storing and delivering your products to consumers. Creating streamlined systems to m ... Read More

  September 17, 2018     

What Does the Future Look Like for Inventory Management?

Technology is changing the way we operate and it’s changing at a rapid pace. Software and automation are becoming more and more prevalent in the way we do business. Just look at the way we manage our warehouses these days – it used to be a notepad or spreadsheet, but now online inventory management is […] ... Read More

  September 15, 2018     

How Changes in Retail are Impacting Inventory Management

The traditional brick-and-mortar retail stores are changing the way they operate. In the face of eCommerce, brick-and-mortar stores are coming up with clever ways to remain competitive in this vast shift in purchasing behaviours. In order to remain competitive, physical stores are looking for methods to optimise their operational efficiency. New te ... Read More

  September 15, 2018     

2 Techniques for Better Manufacturing Inventory Management

Manufacturing inventory management can be difficult because of the vast number of processes and materials that go into making a final product. For those managing inventory, it is important to understand the different types of inventory and how to best manage them in order to keep excess costs down and to deliver products on time. […] ... Read More

  September 14, 2018     

Expecting Demand to Spike? Anticipatory Inventory Could be the Answer

For businesses with unclear or fluctuating demand from customers, holding anticipatory inventory can be the only way to ensure timely product delivery. Anticipatory inventory can be defined as the accumulation of excess stock in the anticipation that it is going to be sold due to an increase in demand. This could be seasonal, such as […] ... Read More

  September 13, 2018     

Freeing up Manufacturing Inventory with Decoupling

Production lines and interdependent process stages can be a nightmare for manufacturing inventory management but understanding the use of management techniques such as decoupling inventory can ease the load in various stages of production. Decoupling inventory acts as a buffer against breakdowns in machine production rates that would prevent the ne ... Read More

  September 13, 2018     

Consider These 2 Types of Inventory Stock Before You Purchase Inventory

For a business owner, deciding on how much inventory stock alone can be a massive undertaking. When a business owner is trying to decide how much inventory stock to order, it is important to understand what components are involved in inventory levels. Integral components of inventory stock The basics of inventory levels can be broken down into ... Read More

  September 12, 2018     

World Wide Web Wednesday #49

Whether you need some lunchtime reads or something to get you past hump day, we’ve curated five links you’ll enjoy! Master these 3 things to sell on Amazon successfully The wonderful world of Amazon sales can be tempting for retailers but before businesses begin, here are three things they should consider. Who is Alibaba’s next […] ... Read More

  September 12, 2018     

Managing Your Inventory with the Boom of eCommerce

The internet has changed the way we communicate, share knowledge, and effectively how we interact as a society. Businesses have evolved with the internet to grow their presence online and the eCommerce market has followed alongside them. eCommerce has allowed businesses to compete on a global scale, easier than ever before. With internet access ava ... Read More

  September 11, 2018     

Create and Print Customised Product Labels

If your business has a wide range of products, printing product labels will make it so much easier for inventory management and logistics. Unleashed Software allows businesses to print product labels. Start by creating a new product label template in the Doc Designer. Customise the fields and attributes, add images or even a company logo. [… ... Read More

  September 11, 2018     

How Can a Business Manage Dead Stock?

When it comes down to it, dead stock is money wasted. Holding stock is a huge financial investment, so if demand slows or even stops for particular items in your inventory, you risk making no return on that investment, which is very problematic for your bottom line. Sometimes, your business will accumulate dead stock. In […] ... Read More

  September 10, 2018     

Cycle Stock and Why It’s Important for Inventory Management

Inventory management is a complex process which can involve the input of multiple parties, suppliers and producers, and can sometimes be driven by factors beyond the control of business owners and staff alike. For this reason, it is important that business owners understand key terms and phrases used when discussing inventory management, in order t ... Read More

  September 8, 2018     

How Can Distributors Model Amazon’s Online Inventory Management?

The past few years has seen a drastic improvement on delivery times and customer service, mainly thanks to the eCommerce giant Amazon. Delivering within an hour and stocking anything a customer could possibly want is both a dream and a nightmare for retailers or distributors, with the daunting logistical problems challenging more traditional retail ... Read More

  September 8, 2018     

Stock Control and Fixed Asset Management: What’s the Difference?

Keeping track of inventory and fixed assets is crucial when calculating business success. Not only is inventory valuable because of its shelf worth, but your fixed assets enable your business to run. Knowing the difference between the two is important for both accounting and stock control purposes. What are fixed assets? A fixed asset is […] ... Read More

  September 7, 2018     

5 Key Inventory Management Reports for Business Owners

To successfully grow your business, it is essential to manage your inventory stock as accurately and optimally as possible. One way to do this is by using and understanding the right inventory management reports. Accurate, up-to-date and relevant inventory management reports will allow you to discover trends, identify weaknesses and strengths, and ... Read More

  September 6, 2018     

World Wide Web Wednesday #48

Whether you need some lunchtime reads or something to get you past hump day, we’ve curated five links you’ll enjoy! Amazon (briefly) reaches a market value of more than $1 trillion Amazon shares rose to a high of $2050.50 before slipping back. According to Neil Saunders, managing director of GlobalData Retail, “to reach a market […] ... Read More

  September 5, 2018     

How Effective Inventory Control Helps Product Returns Management

Effective inventory control and product return management strategies can result in increased revenues, lower costs, improved profitability and enhanced levels of customer service. Product returns are annoying for customers and sellers. It’s often been seen as a nuisance as it entails a hefty cost and is an area of customer dissatisfaction. Ma ... Read More

  September 5, 2018     

What You Need to Know About the Role of Inventory in Your Supply Chain

The supply chain is all about the process that gets products from their raw form all the way to their completed form and into the hands of customers. Involved in this process is a myriad of activities including production, transportation, storage, information transfer, analysis and sales. Given that this whole process revolves around the product, [ ... Read More

  September 4, 2018     

The Best Ways to Manage Dead Stock Inventory

With a big warehouse, managing inventory stock can be a challenge. It is a delicate balance to optimise your inventory stock if your warehouse stocks too little, you could lose customers, but if you stock too much, you might end up with dead stock. Dead stock can pile up in a warehouse. Before you know […] ... Read More

  September 3, 2018     

Understanding Dead Stock Inventory

When inventory management effort goes into moving products off the shelves and optimising turnover rates, it’s frustrating when some merchandise does not sell. These products lurking unsold on your warehouse shelves are considered dead stock. It can be hard to get rid of dead stock and it can put a financial strain on your business. […] ... Read More

  September 3, 2018     

Inventory Management Lessons to Take Away from Amazon

As a leading eCommerce giant, Amazon continues to hold a dominant position as one of the biggest online retailers in the market. Their quick delivery services and a wide variety of products at competitive prices keeps them ahead in the eCommerce game. Due to their sheer scale, they are able to meet the high demands […] ... Read More

  September 3, 2018