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Topic: inventory management

Why Your Manufacturing Business Needs to Know About Decoupling Inventory

When it comes to manufacturing, to reap the benefits of economies of scale, the plant and machinery should be running at optimal levels. Stopping machinery can be costly to a business for this reason. However, some halts in operations may be due to the lack of availability of a necessary input. Often in a production […] ... Read More

  September 27, 2018     

Unleashed is GetApp’s Inventory Management Leader in this Quarter

Unleashed Software has proudly topped the board in GetApp’s quarterly ranking of inventory management leaders! This year marks a huge jump from our top-10 position for GetApp’s ranking last year. GetApp’s ranking highlights the top 15 cloud-based inventory management apps. Each app is scored on five factors: customer reviews, integrat ... Read More

  September 27, 2018     

What is Zero Inventory and How Does it Work?

Inventory control is undoubtedly one of the biggest challenges in supply chain management and poor forecasting can leave companies with significant funds tied-up in excess stock. However, new technologies provide better inventory control solutions and with a more collaborative approach to supply chain partnerships, there is an alternative to holdin ... Read More

  September 26, 2018     

The Role of Inventory Management in the Food Industry

The food industry is somewhat different than other industries with large inventories. The inventory stock in the food industry is often perishable, which changes the way food companies manage inventory. To operate a successful food company, you need the right inventory management tools in place to manage the supply chain, delivery of the product, a ... Read More

  September 25, 2018     

Inventory Management in the Hospitality Industry

The hospitality sector can sometimes be overlooked when we think of inventory management. After all, what is their product on offer? For hoteliers, their inventory are hotel rooms rented each night; for restaurateurs, it is food and beverages that are purchased or prepared and that do not end up being consumed and paid for by […] ... Read More

  September 25, 2018     

Inventory Management Challenges in the Food & Beverage Industry

The food and beverage (F&B) industry is a fickle one that constantly changes and evolves based on consumer trends and seasonal produce growth and therefore can be very challenging to manage in terms of inventory and resource planning. The challenges it faces include tough competition within the industry, seasonal demands, a constant need for i ... Read More

  September 24, 2018     

True or False? Inventory Management Myths Debunked

Managing inventory, even as a smaller start-up business, can be a delicate balancing act requiring real dedication and commitment. There are innumerable myths about inventory management that plague the world of business and may even prevent new business owners from becoming successful. In this article, we dispel four common myths about inventory th ... Read More

  September 22, 2018     

Looking Ahead: The Future of Inventory Management

Inventory management has and always will be a key component to the successful operations of any business. In recent times, we’ve seen more and more businesses opt for inventory management software to ensure inventory management success and accurate forecasting. But what does the future hold? In this article, we predict a few exciting changes to [ ... Read More

  September 22, 2018     

Leveraging Inventory Management Software to Improve Food Safety

The food and beverage industry is one of the most regulated in the world and food manufacturing software and inventory management tools contribute to a safe and compliant final product. In Australia, the ACCC recalled 4.5 million items in 2017-18 covering 613 different products, the second largest group of recalled products were food and groceries. ... Read More

  September 21, 2018     

How Inventory Management Software Can Minimise Food Waste

The food and beverage industry is a competitive marketplace and businesses need to have an edge to maximise their revenue and minimise their costs. Food waste is estimated to cost the Australian economy $20 billion each year, with the commercial and industrial sector disposing of 2.2 million tonnes annually. If you work in the food […] ... Read More

  September 21, 2018     

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