Moving out inventory quickly and efficiently is good for business. But, there is a fine balance to that. “Sorry, this item is temporarily out of stock” is never a good message. You don’t want to disappoint potential customers. The risk for a bad review on social media is far too great...

As with anything else in business, there’s a right way and a wrong way to manage inventory. By planning ahead and establishing a solid foundation of best practices, you can better position your warehouse and your organization as a whole for ongoing success. If you could use a little guidance in...

Did you know that 40% of the entire world population has shopped online at one point or another? That staggering number is evidence that eCommerce is one of the most lucrative business initiatives the world over. Of course, landing these customers for your own benefit is only half the battle. Retaining...

How your company manages its inventory can tell a lot about the overall success of the firm as a whole. If your inventory team is on top of their game, using the right tools and implementing effective strategies, your business will flourish. If there’s inconsistency, over or under stock situations...

There are a great number of factors that go into the cost of managing inventory, not the least of which is supplier lead time. Long delays can lead to incurred losses for your business, including a dip in customer satisfaction that could impact your bottom line. To increase the likelihood of your products...

Counting inventory is one of the least-liked activities for most warehouse professionals, but, alas, it’s par for the course. The good news is there are some things you can do to help make the entire process less overwhelming, more efficient and therefore quicker to complete. You can also...

Today’s technology enables businesses to connect and compete at an incredibly high level, and the warehousing industry is no exception. Things like cloud computing and advanced software have virtually revolutionized the warehouse management function, streamlining operations, maximizing efficiency...

‘Supply chain operations’ involves managing inventory in a way that maximizes efficiency, optimizes performance and increases profitability. It’s inclusive of the entire inventory process, from initial procurement of stock, to adequate storage and maintenance of that stock, and...

Inventory management may seem like a standalone task, but in reality, it’s something that can be further optimized for benefit of the entire organization, provided it’s properly integrated with other key back office functions. If you haven’t yet done so or are still on the fence, here...

In terms of inventory management, most businesses opt to keep stock levels at a bare minimum. But there are certain upsides to keeping a higher number of items on hand, provided that you do your homework first and do so in a way that complements and supports your business goals. That said, here are some...

One of the most important components of inventory management is that of valuing the items you have on stock (or in-transit), both for pricing as well as accounting purposes. Not only does this help you manage your cash flow and keep your books balanced, but it also helps you determine how much to charge...

Managing a warehouse is no easy feat. There are a number of critical aspects the individual in charge is tasked with, from supervising staff to overseeing the shipping, receiving and inventory process to working with other departments to properly plan, measure and forecast and, of course, ensure optimum...

Have you ever considered using barcodes in your inventory management plan? Perhaps you’ve given it some thought, but decided against it due to concern over pricing and the overall assumption that implementing such a strategy is too big of an undertaking. While these concerns may have been warranted...