Inventory optimization solutions balance inventory levels and customer demand in ways that achieve optimal customer satisfaction and business profitability. Disruptions to business are inevitable and constantly occurring—from technological advances to consumer expectations to labor strife to mergers and acquisitions to cyberattacks to natural disasters to a global pandemic. The above statement was made in response…continue reading
Inventory Management in the Food Industry
Inventory management in the food industry requires inventory control, lot & serial number traceability, and order management to ensure food quality and safety. Operating within the food industry as a distributor, supplier, or manufacturer is not for the faint of heart. Federal and state regulations surrounding food and beverages are strict, customers are demanding, and…continue reading
How to keep track of inventory
How to keep track of inventory – that is a subject many distributors, sellers, and manufacturers ponder every day. A sudden influx of orders, the need to fulfill orders quickly, a desire to maintain consistent inventory accuracy, and a number of other challenges can all leave you wondering how to keep track of inventory. Acctivate…continue reading
Slow Moving Inventory: Identify, Prevent, Manage
Product performance varies within inventory-based businesses, so it is important to have the right tools to manage inventory overall with the ability to identify, prevent and manage the outliers, including slow moving inventory. Consider product performance in relation to the general idea of the Pareto principle (also known as the 80/20 rule). The gist of…continue reading
eCommerce Inventory Control
eCommerce inventory control with advanced inventory and warehousing, real-time visibility, & order management improves business efficiency and profitability. The need for eCommerce inventory control If you’ve ever doubted whether businesses need eCommerce inventory control, consider this – 70% of shoppers will not hesitate to turn to your competitor if the item they are looking for…continue reading
