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Topic: inventory management

Manufacturing Inventory Management: 5 Benefits You Need To Know About Cloud Software

Manufacturing businesses are faced with many challenges; the world is fast-paced and globalised more than ever. We see growth in consumer technology, and turbulent consumer purchasing behaviour. These factors together bring both opportunities and threats. It is now vital for manufacturing businesses to invest in automated solutions to hone in on th ... Read More

  September 22, 2017     

Four Key Strategies to Improve Inventory Control

Companies often fail to manage inventory, or at least, don’t manage inventory effectively. Understanding the need for effective inventory management is one thing. Knowing how to implement it is another. With that in mind, what are some reliable strategies for improving inventory control? Categorisation, integrated mobile technology, effective war ... Read More

  September 21, 2017     

World Wide Web Wednesday #4

Whether you need some lunch time reads or something to get you past hump day, we’ve curated five links we think you’ll enjoy! Gig economy changing the way we work The lexicon for different types of jobs has diversified. No longer are we bound by full-time and part-time, we now have casual, fixed-term, seasonal, freelance, […] ... Read More

  September 20, 2017     

Top Reason For Holding Stock

The primary reason for holding stock is to generate revenue through the sale of goods and services. To avoid the risk of a stock-out occurring and the subsequent potential towards lost sales, a company will typically hold some level of stock on hand. This is generally referred to as buffer or safety stock. The clothing […] ... Read More

  September 20, 2017     

How Inventory Management Software Informs Better Business Decisions

Inventory management software can be costly, especially if you are a small business. However, if incorporated into a business properly it can become quite the asset. We look at five ways that inventory management can help inform better business decisions. Time saver Good inventory management software allows you to keep on top of your inventory, [&h ... Read More

  September 18, 2017     

The Advantages of Trade Discounts

Trade discounts are an excellent tool for increasing sales, boosting profitability, saving money and managing inventory. They are also an excellent method for maintaining customer satisfaction and attracting a wider consumer base. Lastly, they are a great tool for offsetting behind-the-scenes expenses involved with production, acquiring economic re ... Read More

  September 16, 2017     

Maintain Inventory Control Using Trade Discounts

Trade discounts are often used as a means to increase sales. They are an excellent way to sell off large amounts of stock, especially useful in the case of obsolete or excess stock. Therefore, trade discounts can form a vital part of your inventory control processes. Below, we examine the key features of a trade […] ... Read More

  September 15, 2017     

Successful Business Plans A Factor Affecting Inventory Management

The overarching principle for a successful business plan is ensuring that it is easy to read quickly. While, in the past, plans were much more complicated, nowadays the best plans are streamlined and easy to understand. In this article, we examine the best methods for compiling a successful business plan. Business plans are a factor […] ... Read More

  September 14, 2017     

Download Inventory Software to Manage Warehouses

One of the first signs of business success is demand for more product. More product means more inventory space, and more inventory space often means more warehouses. Scaling a business to produce and ship more inventory may require adding another or multiple warehouses. However, with multiple warehouses, tracking inventory and managing stock across ... Read More

  September 14, 2017     

World Wide Web Wednesday #3

Whether you need some lunch time reads or something to get you past hump day, we’ve curated five links we think you’ll enjoy! Chocolate gets a makeover Keep a lookout for pink chocolate in the near future! The world’s largest cocoa processor, Barry Callebaut AG, have introduced a sweet new hue to our chocolates. With […] ... Read More

  September 13, 2017     

Stock Control To Maximise Your Small Business

For a small business, every cost counts. Small businesses will look for ways to save costs through different ways. One way small businesses think they are saving costs is by managing inventory manually. A familiar mindset is that “In the past it was done manually, and if we do it ourselves it will save money.” […] ... Read More

  September 13, 2017     

Cloud Inventory Software Works For Aussie Food Manufacturers

In Australia, cereal food and bakery mix manufacturing accounted for 3.1 billion Australian Dollars in 2010. Food manufacturing is an enormous sector contributing towards employment and economic growth. Of breakfast cereals, we have seen muesli and granola experience high growth, with an 8 percent rise in value from 2015 to 2016. As consumers are b ... Read More

  September 12, 2017     

Have you thought about these inventory management best practices?

Inventory management can be a complex activity that can be very tedious to implement and maintain, however the benefits of an inventory management system are endless. Just as if the wardrobe is the lifeline to your everyday appearance and ability to go out the house looking professional and as if you care, so too is […] ... Read More

  September 12, 2017     

Why an inventory system is a must for business growth

Having a good inventory system produces proven results when done well. Using correct and efficient systems can help foster business growth and productivity, as well as provide a stable platform to support further growth and operational health. Here we look at why good inventory systems are a must for business growth. Keep up with demand […] ... Read More

  September 11, 2017     

Cloud Inventory Management Benefitting Retailers

Cloud inventory management software is a great method for retailers to oversee and manage inventories. It greatly reduces time wastage and avoids the inevitable errors that come with manual inventory control processes. This software can help make keeping track of stock an easy process, which is essential for the smooth running of businesses big or ... Read More

  September 8, 2017     

What Are The Serial Number Tracking Benefits?

Serial numbers are exceedingly unique and provide exceptional stock control. It’s important for companies to understand the nuances between a serial number and how it differentiates from other identifying codes or product numbers. Serial numbers can be represented as both numeric and alphanumeric and differ from product identifiers such as barcod ... Read More

  September 7, 2017     

World Wide Web Wednesday #2

Whether you need some lunch time reads or something to get you past hump day, we’ve curated five links we think you’ll enjoy! The economy of Taylor Swift Like it or not, Taylor Swift will be helming the headlines for weeks to come. Along with her edgy new persona, Taylor dropped another bomb when she […] ... Read More

  September 6, 2017     

Understand Customer Demand With Food Manufacturing Software

Manufacturing companies are always in competition with producers of similar products, and there are multiple factors to consider when seeking to remain competitive. Changes in social and cultural trends and preferences need to be taken into account when companies are looking to maintain or increase profit margins. For the food and drink industry, f ... Read More

  September 6, 2017     

A Distributor’s Guide To Inventory Stock Control

We understand that barcoding is about pictorially displaying information with other key data points linked to it. This is the basis of barcoding and though simplistic in its concept, it can be a very powerful tool for the distribution industry. However, a barcode is nothing on its own and must be incorporated with a good […] ... Read More

  September 5, 2017     

Four Reasons Why Inventory Automation Saves Money

If your business is stock based, then inventory may be its biggest asset – whether your business is a wholesaler, manufacturer or retailer. Inventory management is essentially the practice of maximising the use and value of your business’ biggest asset. Inventory automation can unlock further efficiencies, allowing your business to grow to ... Read More

  September 4, 2017     

Factors Impacting Inventory Management

Understanding what impacts your inventory management system is crucial, regardless of what type of business you run. These factors can influence your business profitability in ways you might not have considered! Factors That Affect Inventory Management Product Availability Product availability is something to consider when identifying factors that ... Read More

  September 2, 2017     

Looking at Direct and Indirect Costs

Business has an endless amount of costs that are involved in the purchasing process and it is in your best interest to know where they are coming from. Essentially, you’re trying to figure out how much a product will cost to produce, so you can charge more than the overall cost of producing it. However, […] ... Read More

  September 1, 2017