How Can I Make Sure My Business is Ready for Action in the New Year?
You’ve had your Christmas party, you’ve shipped your final orders for the holiday season and you’re enjoying your time off. But it’s never too early to start thinking about the following year – and there’s plenty to think about when it comes to making the year easier on yourself and your employees. One of the […] ... Read More
February 8, 2019 inventory control, inventory management, inventory management software, stock control, stock take3 Simple Tips to Prep Your Business for Peak Periods
It’s very common for a business to earn a substantial amount of their revenue over a short period of time. Peak periods lead to an influx of sales and it seems to happen relatively quickly. These fluctuations are important to prepare for and even more important to capitalise on. Don’t miss out on the peak […] ... Read More
December 24, 2018 inventory control, stock control, supplier relationship, suppliers, supply chainWatch Your Cashflow Improve with Inventory Management
There’s a lot to think about when managing a business. One of the most important activities a business can do is to optimise cashflow. There are numerous approaches to refining the operational cashflow in a business. One of the primary keys to a healthy cashflow is inventory management. The following tips break down how you […] ... Read More
December 1, 2018 inventory control, online inventory management, stock controlA Stock Control Guide to Omnichannel Inventory
Omnichannel retail used to be solely the domain of large enterprises but building an eCommerce site or setting up an online marketplace is now much easier for smaller retailers and SMEs. The omnichannel pursuit, however, does have its challenges particularly when it comes to stock control. Inventory ownership The difficulty with inventory ownership ... Read More
October 9, 2018 inventory control, omni-channel, stock controlWhat You Need to Know About the Difference Between Pipeline and Decoupling Inventory
If your business manages inventory, you will appreciate how important it is to get it right. However, managing inventory can be complex. Depending on your business model and the products you are selling, there are different reasons for holding inventory. It’s not always clear and the art of managing inventory can be the result of […] ... Read More
September 25, 2018 inventory control, inventory types, stock controlTrue 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 forecasting, inventory management, small business, SME, stock controlFreeing 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 inventory control, inventory management, manufacturing, stock controlStock 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 inventory management, inventory stock, stock controlThe 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 inventory management, stock controlUnderstanding 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, stock controlHow Inventory Control Can Ease the Pain of Product Returns
Poorly managed inventory and product returns can wreck havoc on your inventory control and consume your margins. eCommerce has grown rapidly and the volume of returned goods has kept pace; more consumers return products purchased online than at brick-and-mortar shops. That means your business needs to be prepared to handle increasing numbers of pro ... Read More
August 20, 2018 eCommerce, inventory control, stock control5 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 inventory control, inventory management, inventory reporting, stock controlIncorporating eCommerce into Inventory Management
Using an eCommerce platform to sell your product is an effective way to reach more customers. It can help grow the scope of your business and provide momentum into new markets. An essential part of a successful eCommerce platform is supporting it with an online inventory management system. Keeping track of stock With online inventory […] ... Read More
August 13, 2018 eCommerce, inventory management, stock controlThe Important Players in the Supply Chain
The role of inventory in the supply chain is significant because the entire function of a supply chain is to move products and supplies, from one place to another while adhering to specific time frames. Supply chains consist of more than just a few functional teams. They encompass the areas of purchasing, manufacturing, logistics, marketing, [&hell ... Read More
August 11, 2018 inventory management, stock control, supply chainPlanning for Inventory Management in a Seasonal Business
For those businesses that operate in an industry that is seasonal by nature, inventory management becomes even more complex. Navigating seasonal fluctuations requires owners to have sufficient inventory control skills so that they remain profitable during the slow season and can survive through the off season. Planning is crucial and even if you on ... Read More
June 28, 2018 inventory management, seasonal demand, stock controlInventory Mastery: Where Should Online Businesses Start?
With consumers demanding quicker turnover and a larger product range, the online retail industry has to keep up with much more complex customer needs than a decade ago. Managing inventory well is essential for reaching customer expectations; let’s look at some easily achievable ways to get closer to best practice inventory management. Keeping dat ... Read More
June 26, 2018 distribution, inventory management, online inventory management, retail, stock controlLeveraging the Cloud for Inventory Mastery
As an e-commerce operator, the lack of physical shop space can lead companies to believe their stock doesn’t need to be managed at such a high level. In reality, inventory management is more important for businesses in the highly contested e-commerce space than brick and mortar stores. Effectively managing inventory can identify the errors in [&h ... Read More
June 25, 2018 cloud-based inventory, e-commerce, inventory management, stock control4 Tips to Manage Inventory in a Seasonal Business
For many small, independent businesses, managing inventory is one of the most challenging aspects of running a business. Unfortunately, inventory management can be even more challenging when firms operate seasonally. Here are four ways to make sure you are well placed to manage stock throughout the ups and downs of the year. Forecasting is critical ... Read More
June 21, 2018 inventory, perpetual inventory, seasonal demand, stock controlWebinar: Powerful Stock Control for your Clients
Did you catch our webinar Powerful Stock Control for your Clients? Our UK Territory Manager, Stephen Jones, hosted a great webinar last week to help our Partners understand the role they play in advising their clients on a comprehensive cloud strategy. Missed out on the webinar but want to catch up on what was discussed? […] ... Read More
June 19, 2018 stock control, webinar5 Tips to Manage a Seasonal Business
Seasonality is an often overlooked aspect of business for budding entrepreneurs, yet one that is a very large threat to success if not adequately managed. To help manage this, here are some of our favourite tips to help you manage the unique challenge of seasonality. Know your industry This sounds obvious, but it’s surprising how […] ... Read More
June 12, 2018 seasonal demand, stock controlPreparing for the Festive Season During a Seasonal Lull
For retailers, sales often increase dramatically during the holiday season in the build up to the holidays. In fact, nearly three quarters admit that this time of year accounts for 20% of their annual sales. This obviously means that the summer season may be significantly quieter for retailers. However, business owners should use this down [&hellip ... Read More
June 7, 2018 inventory control, inventory management, seasonal demand, stock control, stock take