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Topic: stock control

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     

Top Reason For Holding Stock

The primary reason for holding stock is to generate revenue through the sale of goods and services. To avoid the risk of a stock-out occurring and the subsequent potential towards lost sales, a company will typically hold some level of stock on hand. This is generally referred to as buffer or safety stock. The clothing […] ... Read More

  September 20, 2017     

Barcodes Simplify Stock Management for Food Manufacturers

The market for processed foods has undergone a significant transformation in the past decade, with a decisive shift towards premium, health-focussed products. This trend is particularly evident in the snack products space, where producers have experimented with innovative ingredients and have responded to customer demand for organic, natural and et ... Read More

  September 19, 2017     

Stock Control To Maximise Your Small Business

For a small business, every cost counts. Small businesses will look for ways to save costs through different ways. One way small businesses think they are saving costs is by managing inventory manually. A familiar mindset is that “In the past it was done manually, and if we do it ourselves it will save money.” […] ... Read More

  September 13, 2017     

Aim For Better Supplier Relationship Management

In any stock-based business, it is crucial to manage supplier relationships well. Developing constructive relationships with your business’ key suppliers is important to secure reliable supply, unlock competitive pricing and to understand emerging trends that may impact on your business. Despite a growing number of businesses taking a supplier re ... Read More

  August 7, 2017     

Six Tips For Inventory Management Best Practice

Inventory is one of the largest assets in a goods-based business, and even if your business is small-scale, chances are that a significant part of its capital is invested in inventory. In a goods-based business, your success depends on inventory being managed well. In this article we look at what best practice looks like in […] ... Read More

  July 25, 2017     

What does negative inventory do to your inventory control

A businesses’ inventory control can be adversely affected by inaccurate inventory records stemming from negative inventory. Negative inventory refers to the situation which occurs when an inventory count suggests that there is less than zero of the item or items in question. Below we summarise the key factors that may cause a negative invento ... Read More

  July 21, 2017     

Understocking is never as simple as it sounds…

You may think that understocking does not sound that bad, however the reality is there are several knock-on effects which can severely jeopardize the company. Understocking, simply put, indicates a lack of correct stock control and a misunderstanding of supply and demand. These things need to be addressed in order to ensure profitability. ... Read More

  October 27, 2016     

Convert Your Excess Inventory into Useful Inventory

You will likely have heard about the pitfalls of excess inventory. People will warn you not to overstock due to the array of holding costs you have to pay on inventory – and rightly so. Warehouse rent, heating and ventilation, security, spoilage, and financing costs are just some of the costs you will want to […] ... Read More

  October 5, 2016     

Keeping a handle on supply chain risk

No business is immune from supply chain risk, but the following principles will allow you to minimize exposure and quickly deal with any problems that do arise. ... Read More

  September 4, 2016     

Inventory Management – More Than Just Controlling Your Stock

When asked what inventory management is, business owners often say it’s about keeping control over stock levels: optimising how much inventory your business holds, to minimise costs associated with inventory handling, obsolete stock, and logistics. While inventory management assists with all of these things, its benefits to a business exte ... Read More

  July 8, 2015     

Creating Value with a Real-Time Inventory Management System

Imagine having the ability to track stock in real time. A snapshot of your business that lets you know what, where and how many units are available. From wherever you are.

... Read More

  May 25, 2015