Oct 1, 2015
A common conundrum for businesses looking to become better at inventory control is deciding whether to use a periodic or perpetual inventory system. Whilst this decision ultimately comes down to what best fits your business needs, there are benefits and limitations for either approaches, and of course some major contributing factors to consider.
Sep 29, 2015
Any business looking to seamlessly carry their manufactured products through from concept to customer is going to need an effective and accurate manufacturing Bill of Materials (BOM). It is this one information laden component of the manufacturing process that binds all the relevant departments together and serves as the instructional blueprint on how a product should be put together.
Sep 24, 2015
Getting a handle on accurate stock control and management is a must for all businesses who carry inventory. For many companies, this is one of their biggest ongoing investments and an area which can greatly affect profitability and overall operations.
Inventory management software provides a number of solutions and features, often with a large scope for expansion and growth. Depending on your business’s needs and desired level of automation, there are a wide range of products and services that better enable the tracking, management and accounting of stock across all platforms of your company’s operations. Keep reading to find out more.
Sep 23, 2015
Ordering, holding, and shortage costs make up the three main categories of inventory-related costs. These groupings broadly separate the many different inventory costs that exist, and below we will identify and describe some examples of the different types of cost in each category.
Sep 17, 2015
Inventory management can be a huge drain on both time and resource for any retailer. By simply taking your inventory management into the cloud, owners and managers alike can benefit from a host of things, like increased automation, that will simply make the running of the business a lot smoother. This of course gives you back the time you need to focus on what is at the core of your business – your customers.