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Topic: stock control

Stock Take Or Cycle Counting?

Inventory stock counting is imperative for a business’ success. Inaccurate inventory data can lead to delayed orders and disgruntled customers, and of course incorrect inventory reports. In order to prevent inventory stock inaccuracies and errors, your business should be performing periodic inventory stock counts. Businesses can count inventory i ... Read More

  March 12, 2018     

Control Your Inventory Stock Before It Controls You

Inventory stock control is one of the most important aspects of your business. It can easily be overlooked as something of a hindrance which costs money and time to maintain and does not actually put product into the hands of the customer and money in the till. However, this take on it is naïve to […] ... Read More

  January 27, 2018     

Steer Clear of these Stock Taking Mistakes

Managing your inventory properly is critical to any retail business. Stock taking is one of the most essential tasks a company can do to ensure effective inventory management. Stock taking normally happens once or twice a year and gives a company a clear understanding of their inventory levels. In addition, it can unveil the overall […] ... Read More

  January 16, 2018     

Looking for Inventory Management Software? Consider These Five Key Features

For many stock-based businesses, inventory is the business’ largest asset. Managing inventory well is important for business success – failing to manage inventory well can lead to stock outs, escalating operating costs and out of control lead times. Many businesses have turned to online inventory management software to simplify and automate ... Read More

  January 8, 2018     

The Significance of Stock Control

Maintaining inventory can feel like a delicate balance that is infinitely wavering. If you don’t have enough inventory, the repercussions can set a business back in the form of lost sales. Conversely, if you have too much inventory on hand, it can add up to be a very expensive exercise for the business. Having an […] ... Read More

  December 30, 2017     

Controlling Inventory Stock Effectively

Inventory control can seem like a massive undertaking for a company. It involves a lot of responsibility and coordination to ensure everything relating to inventory is managed properly and efficiently. This includes inventory supply, warehouse storage, product distribution and keeping up-to-date on stock takes for a multitude of different items. Ul ... Read More

  December 26, 2017     

Managing Your Inventory Over the Holiday Season

Managing inventory is hard enough at any time within a normal business cycle. It becomes increasingly challenging over the holiday season when most retailers experience major peaks in demand for many goods and services. The holiday season is not only busy but often unpredictable and can really mess with your stock control. Unseasonable weather patt ... Read More

  December 15, 2017     

World Wide Web Wednesday #15

Whether you need some lunch time reads or something to get you past hump day, we’ve curated five links you’ll enjoy! Promoting yourself without the narcissism If you’re a business owner and you have great material you want to share with your audience, you might find the line between self-promotion and being self-centered. Jason Feifer, [&hell ... Read More

  December 6, 2017     

Three Tips for Manufacturers Preparing for the Holidays

The lead up to the holiday season is typically a bountiful time for the manufacturing sector. Every year, manufacturers employ casual staff, ramp up production and achieve record sales in the months prior to the holiday season. Manufacturers of consumer goods experience a particularly strong uplift, although the effects typically reverberate throug ... Read More

  December 4, 2017     

5 Bad Inventory Management Habits to Break

Using an accounting system with an inventory control setting An accounting system, no matter how great it is for accounting, will never have the analytical features to manage inventory precisely. A lot of people focus on numbers and profits. However, although important, when it comes to expanding your business without a proper paper trail and [&hel ... Read More

  November 23, 2017     

5 Hacks to Improve Stock Take Procedures

Accurately keeping track of your stock is essential to the efficiency and productivity of your business. Mistakes in stock take procedures can wreak havoc for inventory control processes, leading to disorganisation and reduced productivity. This article outlines 5 key methods for improving your stock taking procedures, from downloading cloud softwa ... Read More

  November 20, 2017     

Five Ways Inventory Management Improves Customer Satisfaction

Customer satisfaction is crucial for small and medium sized businesses. SMEs are constantly searching for new ways to improve customer service, guided by the knowledge that satisfied customers are typically a loyal, long term stream of revenue. Although innovation is important, getting the basics right is often overlooked in the battle for increase ... Read More

  November 10, 2017     

Keeping Track of Inventory: the Basics of Stock Control

Stock control involves ordering, storing and tracking your business’ supplies and finished products. It is a crucial function for any successful business. Inventories typically involve a combination of raw materials, work in progress and finished goods, so having the right amount of each in the right place is essential for a company to run effici ... Read More

  November 3, 2017     

How Holiday Seasons Affect Food Manufacturers

The holidays can be an exciting time for food manufacturers, promising a dramatic increase in sales. For example, Easter will see a surge in demand for certain confectionery foods like Easter eggs, hot cross buns and Easter bunnies. While this can be great for boosting sales, holidays seasons also have some negative consequences for food […] ... Read More

  October 19, 2017     

The 5 Basics of Stock Control & How to Improve it

If you are considering optimising your inventory stock system, then read on for an overview of the basics you’ll need to address. Here we will cover: What is stock control What are the methods of stock control Choosing the right software The inventory ordering process What is stock control? Stock control is the process of […] ... Read More

  October 17, 2017     

The Impact of the ​Seasons​ On​ ​Food​ ​Manufacturing

Changing seasons affect food manufacturers in a multitude of ways, some positive and some negative. Certain times of the year will increase demand for a particular type of food product or products, and other times of the year will see a dramatic reduction in demand for those same items. The seasonality of many food items […] ... Read More

  October 16, 2017     

Survival 101: Grocery Price War

Globally, we are seeing an all-out war develop between grocery companies. In New Zealand, we are largely sheltered from this, as we are small and only have a handful of local supermarkets. In the United States and the UK however, it is a different story. Grocery chains fight, sometimes unwillingly, in this war simply to […] ... Read More

  October 16, 2017     

Highs and Lows: Seasonality in Food Manufacturing

Seasonal variations in consumer demand and ingredient supply is a major issue facing many food and beverage manufacturers. Forecasting pressures up and down the supply chain are an everyday part of business. However, accurately forecasting can be difficult if customer orders and the performance of your supply chain are subject to seasonality. How c ... Read More

  October 7, 2017     

The Effect Of Seasonal Inventory On Inventory Control

Seasonal Challenges to Stock and Inventory Seasonal inventory is stock which is in high demand during particular times of the year, such as during Christmas or Halloween. These periods of time often coincide with the different seasons, and managers need to be proactive in preparing for the waxing and waning of demand during these key […] ... Read More

  October 6, 2017     

Dealing with Seasonal Inventory

Inventory forecasting is critical for the smooth operation of any stock-based business. Managing demand can be tricky, however, if a large part of your inventory is subject to seasonal demand. Seasonality essentially refers to inventory with repetitive or predictable supply and demand patterns over a period of time. Manufacturers, distributors and ... Read More

  October 4, 2017     

Encourage teamwork in the workplace to enhance stock control

In any business, large or small, good teamwork is essential for morale, productivity and efficiency. In particular, working in a warehouse environment can prove challenging, involving many demanding and often painstaking jobs. In this article, we assess some primary ways to encourage good teamwork which can help make stock control and work life eas ... Read More

  September 28, 2017     

Looking Ahead: Four Key Challenges for SMEs in 2018

The 2018 financial year has a range of challenges in store for small and medium sized enterprises. Businesses of any size are currently in a state of flux, with factors such as international trade disruptions, disruptive technologies, sustainability and the ‘on demand’ and ‘gig economy’ changing many corporates’ strategic plans. But what ... Read More

  September 26, 2017