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Topic: understocking

How Understocking Can Affect Your Business

Having too little product on hand can have far-reaching consequences for your business. Take for example the retailer Lululemon, which implemented a strategy of lean inventory in its stores. The combination of supplier issues and a website migration resulted in widespread dissatisfaction as the company had a lack of inventory available for purchase ... Read More

  June 30, 2017     

Why Accurate Inventory Levels are Essential

Inventory is vital for any goods sector business; retailers and wholesalers rely on inventory for sales, while manufacturers need inventory to keep the production process running. Being able to accurately determine inventory levels is important – too little and your business can’t function; too much and your business risks being swamped ... Read More

  June 28, 2017     

Correct Inventory is Crucial to Business Success

In a stock-centric industry such as retail, inventory is typically one of the business’ largest assets. Keeping an accurate record of inventory levels and performance is critical to realizing the full potential of your business. Here are some ways that investing in accurate inventory information (and, in particular, correct inventory levels) will ... Read More

  February 24, 2017     

How Inventory Management Software Can Fix Your Over and Understocking Problems

For inexperienced businesses and their staff, starting to use inventory management can at first feel like you’re trying to juggle a hundred things at once. With such a variety of processes and problems to manage, monitor and work through, the day-to-day operations of even a small business can be fraught with countless chances for mistakes [&helli ... Read More

  February 15, 2017     

Common inventory mistakes to avoid

Inventory management is a critical part of any business’ operations, and you need to get things right to avoid potentially far-reaching consequences. ... Read More

  January 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