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Topic: inventory management

Unleashed Heads to Glasgow for Brewers Lecture

Brewers Journal is holding Brewers Lectures — a series of half-day lectures to inspire change, encourage discussion and share brewing expertise. This series is held five times a year across the UK and Ireland. The team at Unleashed will be sponsoring and attending the July lectures in Glasgow. We’ll be there to present our tips […] ... Read More

  July 19, 2019     

Should Your Business Clean up Bad Data to Help Inventory Management?

When you’re an inventory manager or a business owner, you know that it’s important to have a strong grasp on what’s happening in your warehouse. We know you work hard to keep everything going in the right direction — you implement new policies to track inventory stock, optimise the warehouse layout for shipments, and keep […] ... Read More

  July 18, 2019     

Is Your Business Sabotaging Inventory Management with Poor Quality Data?

Data plays a critical role in making sure we have the right information to run a business. But what if that information is leading you astray? Data comes through in prolific amounts these days. When it’s coming from just about every direction, it’s probably safe to say that not all data is good data. There’s […] ... Read More

  July 17, 2019     

A Peak Into the Deterministic Model of Inventory Control

The intention of inventory management is to be able to correlate the ordering quantities and frequency of products with demand so that there are always just enough products on hand, never too many and never too few. In the real world, it can be extremely difficult to predict these ordering parameters when there are uncertainties […] ... Read More

  July 16, 2019     

The Difficulties of Inventory Management and the Approach you Take

The difficulties of inventory management can be minimised simply by utilising purpose-built software, tried and true methods and adjusting one’s approach to it. In this article, we consider the difficulties of inventory management with particular attention to the reactive and proactive approaches to stock control. Reactive inventory control This ... Read More

  July 13, 2019     

Inventory Reconciliation Helps Improve Inventory Control

For any retail or eCommerce business owner, inventory stock will fluctuate constantly and there is a very real chance that your latest inventory records don’t accurately match your physical inventory stock. It is important to keep track of all your inventory and it is necessary to undertake periodic inventory reconciliations to ensure that the nu ... Read More

  July 11, 2019     

5 Ways to Enhance Your Data Quality

Not all data is created equal. Although it can be informative and helpful to your business, poor quality data can also drag you down. It’s important to keep on top of the data and to make sure it’s working to your advantage. Good quality data can help your business look at market trends, cultivate satisfactory […] ... Read More

  July 9, 2019     

Why Poor Quality Data is Hurting Your Business

Data is one of the most powerful components of a business. Information gathering and information sharing can help shape the direction of a business, and it can support both staff and customers. Data is undoubtedly a very formative part of any business and a phenomenally important asset. With data, your business can make better decisions […] ... Read More

  July 8, 2019     

How to Carry Out an Inventory Stocktake in Unleashed

Prepping for a stocktake It can get challenging to keep track of your inventory when doing a stocktake so it’s a good idea to plan a stocktake before you start it. Before you begin, pick an appropriate date and time for your stocktake that minimises disruption to your business. Don’t forget that you’ll also need […] ... Read More

  July 5, 2019     

Easy Steps Toward Better Sales Quoting

Any business owner will know how important it is to have a streamlined and successful process for sales quoting. In this article, we’ll outline a step by step process for improving the speed and accuracy of sales quoting, to ensure inventory is managed effectively. What is sales quoting? When sales transactions involve the exchange of [&helli ... Read More

  July 4, 2019     

How Business Owners Can Minimise the Impact of Product Recalls

At some stage in time, it’s very likely that most business owners will experience having to manage a product recall. While having to implement a product recall certainly is not ideal, there are some key steps businesses can take to make the process as pain-free as possible. It is essential to have processes and systems […] ... Read More

  July 3, 2019     

The Data Cleansing Process: Cleaning Up Bad Data

Many organisations invest considerable time and money to implement data collection systems but then fail to continuously monitor and manage the data they collect. Having considerable volumes of data can be counterproductive and does not mean that it is of relevance or value to your business. Reliable data provides better customer insight to ensure ... Read More

  July 2, 2019     

Telltale Signs You Are Using Bad Data

In this digital age where technology and software solutions gather and track billions of pieces of information, data is king. Data provides detailed information on which business can base decisions and it enables them to provide their customers with personalised tailored experiences. However, as organisations increase investment in the technology f ... Read More

  July 1, 2019     

The Important Relationship between Sales and Inventory Management

With the surge of eCommerce, retailers are facing extreme pressure to maintain profit margins. In fact, poor inventory management has been a leading factor in how many businesses collapse. Proper investment in inventory control is a necessity to avoid losses and to sustain profitability. This is where the relationship between sales and inventory co ... Read More

  June 28, 2019     

Inventory Reporting: Creating a Great Business Report

Great business reports need to be clear and well-structured. Before writing your report, you need to be clear on your brief, who the report is being written for and why. What action are you asking the reader to take? Is it decision-making based on the information presented, requesting an agreement to recommendations made or some […] ... Read More

  June 27, 2019     

Warehouse Optimisation: Improving Workflow Efficiency in Your Warehouse

Warehouse optimisation improves workflow efficiency and supports optimal inventory control, productivity and performance. By optimising the design and flow of your warehouse you can also significantly increase storage and improve order fulfilment rates. Improving workflow efficiency will help you achieve better order fulfilment. Reducing the time i ... Read More

  June 26, 2019     

Inventory Reconciliation: The Ins and Outs

If you’re in the business of selling goods, you’ll know how important good inventory management is for the success of your business. Failing to adequately manage inventory can have dire consequences for your business’s productivity and ultimately, profitability. Holding too much inventory, for instance, can lead to obsolete stock with valuabl ... Read More

  June 21, 2019     

Staying Ahead of the Inventory Game with Stock Control

Inventory management and stock control can be a very difficult game to play let alone to actually win. It can be the thing that saves you money, time and increases your ability to meet customer demand; or, it can be the reason for companies having frequent stock-outs, having to purchase more stock expediently and at […] ... Read More

  June 18, 2019     

Is Your Business Prepared to Handle a Product Recall?

If your business finds itself in a situation where you have to do a product recall, will you be able to manage it? Safety is at the top of consumer’s minds and it should be at yours. If you send a product to market that is deemed unsafe, you’ll need to be prepared and know […] ... Read More

  June 17, 2019     

Hogan’s Cider achieves business accuracy with Unleashed Software

Working with a variety of clients across different verticals means that you need to have a good understanding of what specific customers need. The team at Unleashed want to understand as much as possible about the processes and challenges our customers are facing so that we are able to deliver a better value system. This […] ... Read More

  June 14, 2019     

The Connection Between Sales and Inventory Management

When filling your warehouse with inventory stock, how do you know you’ve got the right amount? Do you have enough to keep up with a spike in demand? Did you order too much and now your inventory stock is parked on the shelves collecting dust? Manufacturing companies use a variety of tactics to not only […] ... Read More

  June 13, 2019     

Understanding More About the Probabilistic Inventory Model

Try saying ‘probabilistic’ three times fast. It’s a bit of a mouthful. However, it’s more than just a tongue-twister, it’s a great tool for predicting inventory needs. The root of probabilistic is probability and that’s exactly what the probabilistic model is based on — probability. So I bet you’re wondering how probability will hel ... Read More

  June 11, 2019