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Topic: stock level

The Ins and Outs of Stock Control: The reactive and proactive approach

Managing stock can be a complicated task, especially as your business grows. Many inventory managers and business owners fall into the habit of reactive stock control, where stock issues are dealt with as they arise. However, this type of stock control is largely ineffective and, sometimes, may be counter-productive. Business owners should be worki ... Read More

  May 29, 2019     

Coping With Inventory Uncertainties: The probabilistic model of inventory control

Inventory control is exceedingly difficult if you go into it blind, with no tips and tricks and no supporting software. However, with the right knowledge and methods in place, it can be something you can manage and control with few problems. Part of the art of inventory control lies in the ability to adapt to […] ... Read More

  May 24, 2019     

The Implication of Stock-outs on Your Customers

eCommerce poses a variety of issues with order fulfilment and inventory control. It turns out that a quarter of online shoppers ditch their cart due to out-of-stock issues. This means eCommerce sites could be losing 25% of sales because of inventory control problems from stock-outs. However, this is only taking into account customers who have [&hel ... Read More

  April 27, 2019     

The True Cost of Poor Inventory Control

For small businesses just starting out, inventory management may seem like an unnecessary burden, but it is, in fact, one of the key processes involved in running a successful company. Good inventory control can improve sales, customer satisfaction and the overall productivity of a business, so it is essential that you do it right. In […] ... Read More

  December 7, 2018     

Optimise Cashflow With Better Inventory Management

It is imperative to understand that cashflow and profit are two different things. While you evaluate your cashflow you may encounter situations where you have made a profit, but you are lacking in working capital. Low working capital means that your current liabilities exceed your current assets in this case the company may have outstanding [&helli ... Read More

  December 5, 2018     

12 Reasons Why You Have Stocktake Discrepancies

Stocktake discrepancies happen when the actual quantity of inventory stock on hand is different from the quantity recorded in an inventory system for any particular item. Unfortunately, this is a real issue every business tasked with maintaining and controlling inventory is faced with. If not avoided or detected, discrepancies will bring about vari ... Read More

  October 30, 2018