Jul 23, 2015
In the world of inventory management all mistakes are costly. Errors throughout a business’ supply chain almost always filter down to place unnecessary burden on the bottom line. For any operations manager, it is extremely important to be aware of the common mistakes to look out for when overseeing inventory as well as to know how to prevent them from occurring in the first place.
Jul 21, 2015
High visibility, automation and data access could be the watchwords of good inventory tracking. The use of serial number tracking has made inventory management more streamlined and far more accessible. With the addition of mobile technologies, serial tracking offers fantastic returns for any business.
Jul 16, 2015
One of the great advantages cloud computing offers is an overall reduction in costs and setup. As the software you use is hosted by a third-party, there is usually no need for installation at your end. With many SaaS (Software-as-a-Service) providers you can pay on-demand for the services, giving you a great way to keep operation costs to a minimum.
Jul 14, 2015
No business enjoys having to bring productivity to a standstill in order to conduct a physical count of all stock on hand. If you know how to conduct your physical inventory or stock takes as effectively and efficiently as possible, then you won’t have to.
Jul 13, 2015
The current inventory ratio of a business is indicative of its liquidity, and the return on assets and return on equity – which is the indicator of its profitability – may turn favourable or adverse, depending on the cost-flow assumption. Hence, knowledge about the impact of the various cost-flow assumptions on the profitability and liquidity of a business will be helpful in making sound judgments and informed decisions. Keep reading to learn more.