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Topic: stock control

Make Smarter Purchasing, Sales and Inventory Decisions with Better Inventory Control

Smart inventory control improves forecasting and enables you to make smarter decisions around retail sales and inventory stock. Without proper inventory control businesses may end-up with unsalable lines of inventory stock or alternatively lack the inventory stock that their customers are seeking. Today’s technology offers data collection and ana ... Read More

  May 15, 2019     

How You Can Optimise Your Inventory to Save Money

The phrase ‘flushing money down the drain’ can feel like a reality if your inventory isn’t managed properly. Managing inventory can be daunting, but the feeling of losing money because of inventory can be even worse. Mistakes from a stock take can be costly: dead stock lying around the warehouse can take up storage costs […] ... Read More

  May 13, 2019     

Best Practice Inventory Control Techniques for Online Retailers

Successful inventory control enables retailers to meet customer demand by avoiding stockouts and reducing the risk of overstocking to free-up cashflow. It is crucial in the world of eCommerce, for even the smallest online retailer to have effective inventory control. Following are best practice inventory control techniques to help online retailers ... Read More

  May 9, 2019     

Centralised Inventory in a Nutshell

Effectively managing inventory is key to the success of any business, especially those with large and complex inventories. When a business is reasonably small, managing inventory may be a simple task of recording stock movements on paper. However, as a business grows and its inventory diversifies, inventory management can become more complex. This ... Read More

  May 6, 2019     

Understanding Inventory Par Levels in Business

As any business owner or inventory manager knows, balancing inventory and managing inventory levels effectively can be the backbone of any business. While a company is smaller, managing inventory may be a relatively simple task, but it can quickly become more and more difficult as the business growth along with the customer base. In this […] ... Read More

  May 4, 2019     

Supply Chains Made Simple: 4 Tips to Improve Your Business’ Supply Chain Performance

When it comes to improving a business’ inventory performance, interrogating the supply chain can be an intimidating prospect. Supply chains are complicated and difficult, and the prospect of change typically provokes a reflexive ‘if it isn’t broken, don’t fix it’ response. Businesses see the upfront pain but fail to recognise ... Read More

  May 3, 2019     

5 Inventory Control Tips to Help You Stop Leaving Money on the Table

No business wants to leave money on the table. Whether you’re a one-room startup or a large enterprise, keeping a tight eye on both your margins and your cashflow is vital to your long-term business health. Losing money to inefficiency or missed opportunities is particularly painful; it’s one thing deciding not to pursue a source [&hell ... Read More

  May 2, 2019     

5 Inventory Control Practices To Save You Money

Inventory control is the process of keeping track of inventory stock and monitoring the company’s stock levels across various platforms and locations. Getting inventory control right can save you money, increase cashflow and improve your competitive advantage. The following five inventory control practices can help streamline your business and sa ... Read More

  April 3, 2019     

How to Measure If Your Inventory Control is Working Efficiently

As a successful manufacturer or distributor, you understand the importance of managing inventory to ensure the business has enough stock on hand to meet customer demand. You’ve invested considerable time and effort into streamlining and enhancing your inventory control, but now you are unsure how to measure if these efforts have been effective. T ... Read More

  March 11, 2019     

How To Improve Your Financial Health With Better Inventory Management

Small business owners may underestimate the importance of good inventory management. However, inventory management can be make-or-break when it comes to financial growth and long-term financial health. In this article, we explain how business owners can manage inventory to improve financial health. What does inventory management have to do with fin ... Read More

  March 4, 2019     

What Makes a Great Inventory Manager?

Being an inventory manager involves a varied set of skills. These skills need to span across a variety of touchpoints in a business. Not only do you need to manage the inventory, but you need to look after your staff who help you on the warehouse floor. It’s a crucial role that has responsibilities in […] ... Read More

  March 1, 2019     

What Are Some of the Necessary Skills of Great Inventory Managers?

If optimal inventory control is imperative to maintaining a successful, sustainable and profitable business, then it’s obvious that capable inventory managers play a crucial role in achieving this. Inventory managers are responsible for leading a team of workers as they manage the flow of inventory stock in, through and out of the business. To do ... Read More

  February 25, 2019     

5 Best Practice Inventory Control Techniques for Warehouse Management

Good inventory control techniques for warehouse management start with an organised and well-maintained site. Managers should regularly inspect warehouse operations, ensuring that stock is stored in a way that allows staff to easily and safely access it. Below are some best practice inventory control techniques to help improve your operations and en ... Read More

  February 9, 2019     

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     

3 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     

Watch 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     

A 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     

What 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     

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     

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     

Stock 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     

The 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