What is a lot number?
Lauren Stine, Onboarding Manager of Acctivate Inventory Management Software, answers “What is a lot number?” and discusses the role of lot numbers in product recalls.
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How to Reduce the Bullwhip Effect
How to Reduce the Bullwhip Effect Built For How to reduce the bullwhip effect involves understanding the bullwhip effect definition, the causes, and the solutions needed for reduction and prevention. Before we discuss how to reduce the bullwhip effect, let’s define the bullwhip effect. According to QuickBooks, the definition of the bullwhip effect is as follows:…
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3 Warehouse Picking Best Practices
3 Warehouse Picking Best Practices Built For The way in which your warehouse operations run are a direct reflection of your business itself. As warehouses grow in square footage and cost, the need to ensure effective organization, efficiency and accuracy within your warehouse is amplified. Warehouse picking best practices Adopting the following three warehouse picking best…
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Cycle Count Software Builds Confidence For Each Coming Year
Cycle Count Software Builds Confidence For Each Coming Year Built For Taking inventory counts can be a tedious but absolutely necessary task for product-based businesses. Often a time-consuming chore, counting inventory can sometimes even require the business to suspend operations or close temporarily. Even if it is a job that employees are not particularly fond…
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Barcode System for Small Business 101
Barcode System for Small Business 101 Built For A barcode system for small business can be transformative for efficiency, accuracy, speed, and consistency within a warehouse and throughout a business. When small businesses are unsure if barcoding is right for them, it is beneficial to first assess the Whys and Whats before proceeding to the…
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Small Business Inventory Forecasting: What it is and How to do it
Small Business Inventory Forecasting: What it is and How to do it Built For Inventory forecasting, also known as demand planning, is a data analysis method used by purchasing managers and decision-makers to predict inventory needs, anticipate demand fluctuations, uncover savings opportunities, enhance marketing strategy, and ensure customer satisfaction. Inventory Forecasting & Everyday Data Every…
