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The Importance of Accurate Inventory Levels

May 20, 2015
By Mandy
The Importance of Accurate Inventory Levels

A business that is able to maintain accurate inventory levels is a thing of functional beauty. Communication between departments and customers is timely, well informed and precise. Orders go out on schedule, and the reordering of stock is done on time and to budget, keeping shortages or overstock to a minimum – and maximizing customer happiness. Let’s take a look at just how and why accurate inventory management is so critical to the profitable functioning of your business.

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3 Avoidable Profit-Killing Inventory Management Mistakes

May 12, 2015
By Mandy
3 Avoidable Profit-Killing Inventory Management Mistakes

When mistakes are made in inventory management, nobody laughs – except perhaps the competitors. Mistiming purchase orders, incorrectly labeling inventory and storage places, forecasting demand inaccurately or losing track of stock and shipments, are all the kinds of mistakes businesses dealing in inventory make all too often. Learn what to look out for - and how to avoid it - here.

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