Background Image

Topic: inventory reporting

Understanding How Aged Inventory Impacts Your Warehouse

Being able to understand the journey of your inventory stock and what it entails is a key part of inventory management. It’s also good to see if your inventory gets stuck on a part of its journey, Most often it pauses on the warehouse shelves. When you have a build-up of aged inventory in your […] ... Read More

  July 26, 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     

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     

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     

The Relationship Between Cashflow and Inventory Control

How you manage your inventory will directly impact the cashflow of your small business and when you fail to effectively manage stock you are putting your business at a disadvantage. Why? Because your cash is tied up in that very stock. The correlation between inventory control and cashflow is largely determined by the levels of […] ... Read More

  December 3, 2018     

Control Your Inventory to Control Your Cashflow

When you think of inventory, you might think of a warehouse, cardboard boxes or endless aisles of products stacked high into a ceiling. When you think of inventory, do you think of how it’s impacting a business’s daily cashflow? It might not be the first thing to come to mind, but it sure is important. […] ... Read More

  November 28, 2018     

Demand Forecast: Constrained or Unconstrained?

An unconstrained demand forecast might seem over optimistic, but for a business to take full advantage of market growth opportunities it is essential to dream big. Particularly for companies using online inventory management systems, it’s easy to create both constrained and unconstrained demand forecasts that each represent valuable snapshots of ... Read More

  October 9, 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     

The Best Reports for Inventory Management

It is a journey to achieve that delicate balance of inventory and manage it properly so your business sees the optimal benefits. However, businesses both big and small will all experience a variety of factors affecting inventory management. They always need to look at stock levels and decide if they need more or if it […] ... Read More

  August 30, 2018     

5 Essential Reports for Effective Stock Control

Whether you’re in manufacturing, distribution or wholesale, knowing your inventory position inside out is almost a prerequisite for an efficient, scalable operation. Despite its importance to ensure the business is well-placed to grow, many businesses (SMEs in particular) don’t have the necessary inventory data to optimise inventory throughout ... Read More

  August 20, 2018     

The Importance of Inventory Metrics for Business Success

Starting a small business can be an exciting time for the owners, who usually have a solid understanding of how to build and promote a product and how to reach their customer base. However, a key and often overlooked component to business success is understanding key inventory metrics. Managing your inventory correctly can greatly enhance [… ... Read More

  April 5, 2018     

Gauge Your Business’ Health with these 5 Inventory Metrics

For busy manufacturers and wholesalers, inventory metrics are a fast and reliable way to gauge the performance of the business. Although there are higher-level metrics, like the current ratio or the debt-equity ratio, there’s particular value in checking in on inventory performance. Inventory stock is often one of the largest assets on a business ... Read More

  March 20, 2018     

5 Inventory Stock Metrics for Business Success

When it comes to making the best decisions that can directly impact your business’ bottom line, it is imperative to derive actionable insights from your business’ inventory stock data. It is crucial for any business to understand key stock inventory metrics that informs this data, thus enabling your business to make better informed decisions. I ... Read More

  March 19, 2018     

The Difference Between Static and Real-Time Reporting

In today’s fast-paced society and with the introduction of new technology, it is now desirable to have real-time dashboards that stakeholders can access anywhere, anytime rather than static historical summary reports. With this in mind both static and real-time reporting are powerful and useful when it comes to making business decisions. Here we ... Read More

  December 13, 2017     

Static or Real Time Inventory Reporting: Which Will Keep Your Business Moving?

Inventory reporting can be simple, but it can also involve a lot of guesswork. With a perpetual, real time inventory management system, a business typically has access to always accurate inventory information that changes as inventory moves through the production process. On the other hand, a business that carries out a periodic inventory system wi ... Read More

  July 8, 2017     

Gourmet Gadgetry brings back time efficiency for their retailing business

Gourmet Gadgetry designs the next generation of cookware, gourmet gadgets and chocolate fountains for the home. With their unique machines on shelves, it’s sure to tempt any budding home baker. Playing with your food In 2011, co-founder Lisa Scott saw a gap in the market for good quality kitchen appliances that you could have fun […] ... Read More

  June 13, 2017     

The Importance of Inventory Control

Inventory control is essentially about reducing costs and improving service. It is also how you manage your working capital to maintain consistent and adequate cash flow. Achieving effective inventory control is accomplished by having the right product, in the right place, at the right time. Maintaining the stock necessary to meet customer’s need ... Read More

  May 26, 2017     

The Key Drivers of Negative Inventory

Inventory is something a business can count, so it is surprising that inventory can be negative on paper or in an inventory management system. ... Read More

  November 8, 2016